Health Sensors Market Size Worth $83.2 Billion by 2025
June 20, 2018 | Grand View Research, Inc.Estimated reading time: 1 minute
The global health sensors market size is expected to reach $83.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 17% during the forecast period. Rising geriatric population and burden of chronic diseases are the key factors positively affecting market growth.
Reduced physical activities and increased consumption of unhealthy food disturb the hormonal and cholesterol levels. Moreover, this also leads to a rise in cardiac conditions. According to the WHO, in 2012, approximately 17.5 million people in the world died because of cardiovascular diseases. Thus, demand for better monitoring and management of these disease is increasing. These sensors, are anticipated to help in the management of chronic diseases, as they can monitor, record, and transmit vital signs of the patient. These sensors can also help in therapeutics, measuring the amount of drug actually absorbed in the body.
Growing geriatric population worldwide is expected to drive the market growth during the forecast period. According to the National Institutes of Health (NIH), in 2010, the number of people aged 65 or more was around 524 million. It constituted about 8.0% of total global population and is estimated to triple and reach 1.5 billion by 2050, accounting for around 16.0% of global population. Health sensors help reduce healthcare spending by remotely monitoring disease progression and sending out medical alerts in an emergency situation.
Hospitals and other settings charge high for diagnosis and testing. To avoid this, people use home-based medical sensors such as glucose monitoring and pregnancy kits. These home-based medical sensors offer faster results. Home-based testing kits are also cost-effective and easy to operate.
Suggested Items
TT Electronics Achieves ISO 13485 Medical Certification at Mexicali EMS Facility
06/27/2025 | TT ElectronicsThis milestone underscores TT Electronics’ commitment to delivering high-quality, compliant, and reliable manufacturing solutions to its global customers in healthcare and life sciences.
Benchmark Strengthens Presence in Jalisco with Grand Opening of Advanced Manufacturing Facility in Guadalajara
06/21/2025 | BUSINESS WIREBenchmark Electronics, Inc., a global provider of engineering, design, and manufacturing services, celebrated the grand opening of its brand-new manufacturing facility in Guadalajara, Mexico.
Quasar Medical to Acquire Nordson MEDICAL Design and Development business in Galway, Ireland and Tecate, Mexico
06/02/2025 | Quasar MedicalQuasar Medical, a global leader in the manufacturing of interventional and complex minimally invasive devices, announced it has signed a definitive agreement with Nordson Corporation to acquire its design and development contract manufacturing businesses in Galway, Ireland, and Tecate, Mexico.
Kimball Electronics to Open New Medical Manufacturing Facility
05/30/2025 | Kimball ElectronicsKimball Electronics has announced the addition of a 300,000 sq ft manufacturing facility in Indianapolis centered on the medical industry.
Evolve Manufacturing Celebrates 100 Years of Combined Leadership in Medical Device Manufacturing
05/26/2025 | Evolve ManufacturingEvolve Manufacturing Inc., a leading provider of end-to-end contract manufacturing services for medical device and life sciences instrument companies, proudly celebrates 100 years of combined medical device leadership among its expert team.