According to a new market research report titled "Sensor Market in Consumer Healthcare by Sensor Type (Blood Pressure Sensor, Temperature Sensor, Image sensor, Heart rate sensor, Touch Sensor & Motion Sensor), by Application (Patient Monitoring, Therapeutic, Handheld and Homecare, & Fitness and wellness), by Geography - Analysis & Forecast to to 2013 - 2020", published by MarketsandMarkets, the sensor market in Consumer Healthcare is expected to reach $47.40 Billion by 2020 growing at an estimated CAGR of 5.56% from 2014-2020.
The developments in sensing technologies can help to increase the trend of continuous patient monitoring, which can result in reduced healthcare costs and improved treatment outcomes. The use of sensors will help to capture the healthcare data continuously, and keep an electronic health record. It also reduces inefficiencies in managing of patient records and providing the user with the latest information. Consumer healthcare is one of the major fields that hold a promising future for sensors with a faster growth rate than all other applications.
This report presents the future of the Sensor Market in Consumer Healthcare and industry from both technical and market-oriented perspectives with techno-market oriented roadmaps till 2020. This report describes the market trends, drivers, restraints, and opportunities of the Sensor Market in Consumer Healthcare and forecasts the market up to 2020, based on sensor type, application, and geography. The report presents a detailed analysis of sensor type market such as temperature sensor, blood pressure sensor, blood glucose sensor, blood oxygen sensor, ECG sensor, image sensor, posture sensors, altitude sensors, motion sensor, pedometers, heart rate sensor, radiation sensor, and touch sensor and forecast the growth for each one of them. In geography, the report covers Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2013, North America was the largest contributor in terms of market revenue for the sensor market in consumer healthcare. APAC, Europe, and ROW are also promising markets with China, Japan, India, Germany, and the Middle East providing impetus to the growth.
