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Market Research Report

United States Wearable Biosensors Market Report: Size, Trends, Share, Key Players, Growth Drivers & Restraints, Competition Strategies, Regional Segmentation forecast 2017-2025

Published On : 2018-06-21 Report Page : 260 Category: Hardware and ICT

United States Wearable Biosensors Market Outlook 2017-2025

Market Overview

Wearables tend to be the world’s best-selling consumer electronics product after smartphones. Autonomous or smart wearables are projected to exceed 400 million units by 2025, with a compound annual growth rate of 56.1% which are well above laptops and televisions. The US wearable biosensors market is expected to exceed more than USD 11.5 billion by 2025 at a CAGR of 8.5% in the given forecast period. The transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers, for instance, Android Wear, Tizen, and WatchOS are moving ahead with more advanced and improved version of user interfaces, user experiences, and applications, which in return will raise the expectations of what a smart wearable can do, and each platform is vying for best-in-class status. The Richline Group, a jewelry manufacturer owned by Berkshire Hathaway, is rolling out a customizable line of smart jewelry called Ela (Elegant Lifestyle Accessories). Ela pieces alert wearers when they are receiving a call or text from selected contacts. However, lack of versatility, smaller size and less penetration among the population tends to hamper the wearable biosensor market. Further, the major challenge for the wearable technology is to tackle with the security and privacy issues. As the wearable are connected over internet, it can be hacked in its application and the data stored can be stolen, posing high risk to the citizens as well as to the nation. Investments in new construction projects that include population health initiatives, ambulatory care, mental health, safety net clinics. Healthcare spend continues to grow in US; the forecast is that it will increase to 30% of GDP from the current 20% by 2050. Unit sales of wearable technology passes 42 million, but growth is slowing owing to new technology value is doubted and dieters not buying in as expected. . However, sales continue to grow for wearable tech and sales for specific brands have already seen some reversals of fortune, including wearable cameras from GoPro and Apple smartwatches in US.

United States Wearable Biosensors Market Segmentation

By Technology

  • Accelerometers & Motion Sensors
  • Biochemical Sensors
  • Photoplethysmographic Sensors

By Biosensor Type

  • Calorimetric Biosensors
  • Potentiometric Biosensors
  • Acoustic Wave Biosensors
  • Amperometric Biosensors
  • Optical Biosensors

By Application

  • Health & Wellness Monitoring
  • Safety Monitoring
  • Home Rehabilitation
  • Disorder Detection
  • Environment Monitoring
  • Assessment of Treatment Efficacy
  • Others (Biodefense, Point of Care Testing)

Health & wellness monitoring dominated the market and accounted for the market share of 25% in 2017. Monitoring and timely intervention are extremely important in the continuous management of health and wellness among all segments of the population, but particularly among those with mild dementia.

By End User

  • Hospitals
  • Home Diagnostics
  • Point of Care Testing
  • Biodefense and Security
  • Research Laboratories
  • Food & Beverages Industry
  • Manufacturing Industry
  • Energy & Utility Sector

Home diagnostics is the major end user segment and accounted for the highest market share of 27.7% in 2017 in the United States wearable biosensors market followed by point of care testing and hospitals owing to wearable biosensor advances in data analysis and artificial intelligence techniques which are responsible for paradigm shift in remote management and monitoring of chronic disease.

Covered In This United States Wearable Biosensors Market Report       

The report covers the present ground scenario and the future growth prospects of the facility management market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players worldwide. Wearable Biosensors market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

United States Wearable Biosensors Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Wearable Biosensors market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “United States Wearable Biosensors Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our United States Wearable Biosensors Market Report comprises of the following companies as the key players: Google Inc., Microsoft, SAMSUNG, Apple Inc., VitalConnect, Huawei Technologies Co., Ltd., Withings SA, Robert Bosch GmbH, Broadcom, Infineon Technologies AG, mCube, Inc., Knowles Electronics, LLC., Panasonic Corporation, TE Connectivity Ltd., Asahi Kasei Corporation, NXP Semiconductors, Invensense, Inc., Texas Instruments Inc, ARM Holdings PLC, Vancive medical technologies, Jaw bone, Tactio health group, and Zephyr.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this United States Wearable Biosensors Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for Wearable Biosensors Market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the wearables growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the wearable biosensors market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

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United States Wearable Biosensors Market Report: Size, Trends, Share, Key Players, Growth Drivers & Restraints, Competition Strategies, Regional Segmentation forecast 2017-2025

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