Market Overview 

In 2024, the accelerometer medical sensors industry size stood at USD 4,670.9 million, and it is projected to grow at a CAGR of 14.4% over the projection period, to attain USD 10,442.9 million by the end of the decade. This is mainly credited to the increasing need for constant monitoring of health; miniaturization of physiological sensors; enhanced functions, ease of operation, and cost-efficiency of these devices; and the rising populace with high per-capita income, which means they can spend easily on enhanced technologies. 

In the past few years, the geriatric populace has surged throughout the world. As per the WHO, between 2015 and 2050, the populace more than 60 years old will surge from 12% to 22% of the total population. Moreover, it is projected that in 2050, 80% of elder people will be living in low- and middle-income nations. 

The elderly populace is affected the most by chronic illnesses, because of poor sleep quality, low bone strength, and incapability to consume lactose-related items. Thus, the rising occurrence of chronic illnesses in the older populace generates a high demand for accelerometer medical sensors. 

Furthermore, with the rising age, the chances of getting illnesses surge because the immune system responds gradually, lack of physical activity, poor nourishment, and lactose intolerance. The chances of heart issues are augmented in elder people due to fatty acid deposition in the walls of arteries over many years. 

 Key Insights 

  • The wearables category grips a key industry share because of their capability to measure health determinants like CO2 levels, blood pressure, and heart rate. 
  • Wearable detectors can be added to shoes, outfits, wristbands, and headbands for everyday use. 
  • Such sensors track and measure heart rate, pulse, blood pressure, oxygen levels, sleep quality, and calorie intake. 
  • Accelerometer medicinal detectors are in demand for their benefits in clinical trials and patient safety. 
  • Such sensors take body response data, reduce study time, and track sleep and emotional states. 
  • They are utilized in smart devices like activity trackers and fitness bands to analyze health information. 
  • Wearable detectors help in health informatics by attaining precise data and allowing real-time remote patient monitoring. 
  • Chronic disease and risk monitoring lead the industry because of increasing occurrences of cardiovascular illnesses and cancer. 
  • Cardiovascular illnesses, obesity, smoking, and unhealthy diets propel the need for  
  • accelerometer medicinal sensors. 
  • Wellness monitoring is projected to advance fastest, tracking health parameters digitally and converting data for better understanding. 
  • Hospitals & clinics are major end users due to advanced technology adoption, large patient pools, and skilled professionals. 
  • Growth in healthcare expenditure and surgeries for chronic diseases drive the market in hospitals. 
  • North America leads the accelerometer medical sensors market, expected to reach USD 1.8 billion by 2030. 
  • The U.S. market will grow at a CAGR of 14.5%, driven by cardiovascular disease prevalence, skilled professionals, and a large chronic disease population. 
  • Regulatory approvals and new product launches, such as those by Analog Devices Inc. and STMicroelectronics, boost the market. 

SOURCE: P&S Intelligence