USA – The global mobile health and fitness sensor market is expected to reach an estimated $7.7 billion by 2026, according to Reportlinker, a tech company that uses artificial intelligence to deliver market data and forecasts and thus help research, business development or marketing strategy.
Mobile health (mHealth) is the monitoring and sharing of health information via mobile technology such as wearables and health tracking apps. The use of mobile devices and wireless technology to monitor symptoms and deliver care allows physicians to make diagnoses quicker and with fewer errors.
The future of the global mobile health and fitness sensor market looks promising with opportunities in the consumer electronics, healthcare, and other industries.
In recent years, use of wearable motion sensors such as accelerometers, gyroscopes, and magnetometers are gaining in popularity for measuring human gait activities in real time. The sensors measure linear and angular motion of the body from which a number of key features are extracted.
The major growth drivers for this market are increasing adoption of digital technologies in the healthcare sector and the growth of wearable devices.
Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of new implantable sensors and increasing use of AI-optimized medical devices.
Some of the mobile health and fitness sensor companies profiled in this forecast include, Abbott Laboratories, Honeywell International, OMRON, Philips Healthcare, GE Healthcare, Medtronic, Analog Devices, and Johnson & Johnson.
The analysts forecasts that chemical and gas sensor will remain the largest market over the forecast period due to growth of the consumer electronics and healthcare industries. Within the mobile health and fitness sensor market, consumer electronics will remain the largest end use industry over the forecast period due to growing usage of consumer healthcare devices.
North America will remain the largest region in the global mobile health and fitness sensor market over the forecast period due to growing use of digital healthcare device in the USA.
In May, it was reported the Mobile Health and Fitness Sensor Market which is estimated at 953.4 Million Units in the year 2021, is projected to reach a revised size of 9 Billion Units by 2028.
Innovations and investments in this section continuously come up to cover more areas in the healthcare industry and improve overall patient care.
GE Healthcare, a leading a provider of technologies, digital infrastructure, data analytics and decision support tools used in the diagnosis, treatment and management of disease, recently launched a new technology in partnership with American College of Cardiology (ACC) to compliment cardiac healthcare.
GE Healthcare stated that it will provide its perspective as a leading global medical technology and digital solutions innovator to build a roadmap for artificial intelligence (AI).
GE Healthcare has been heavily involved in developing AI tools and platforms for the healthcare space over the past few years. The company had previously launched an industry-first artificial intelligence (AI) offering for cardiac imaging on the Venue and Venue Go.
The offering, called the Venue Fit, is the smallest system in GE’s Venue Family. The system features a touchscreen, scanning tools, and a small footprint designed to fit in tight spaces generally found in point-of-care settings. The Venue Fit and associated AI were introduced at a time when clinicians relied on point-of-care ultrasounds to combat over 127 million COVID-19 cases worldwide.