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Mobile Health and Fitness Sensors Market Segmented By mobile health applications, medical devices, sensors, and remote monitoring products
Digitalization has played a pivotal role in transforming operations across a broad spectrum of industrial domains. At present, the healthcare sector is increasingly leveraging advancements in digital technologies to improve diagnosis, patient care, and other facets of healthcare management.
Mobile health and fitness sensors that are also referred to as mHealth sensors are increasingly being used in public health and medicine practices around the world. The growing adoption of mobile health sensors in the medical field can be primarily attributed to the notable strides taken by sensor technologies over the past decade. Biosensors play an imperative role in converting the biological responses of the body to electrical signals.
At present, wearable technology, Wban technology, eHealth, and wireless sensor networks, are some of the most popular types of mobile health and fitness sensors. The demand for these mobile health and fitness sensors particularly in the developed regions including North America and Europe is on the rise due to a host of benefits such as remote access to physiological and health data from mobile devices.
The growing popularity of mobile health and fitness sensors can be attributed to recent progress in telecommunications, data analysis techniques, and sensor manufacturing. At present, product designers and developers are expected to find solutions to fulfill the growing industry demand for miniature mobile health and fitness sensors.
Over the past few years, owing to technological advancements in the electronic and semiconductor sector, the development of digital health monitoring systems has gained considerable momentum. At present, the health care sector around the world is swaying toward utilizing mobile health applications, medical devices, sensors, and remote monitoring products to improve healthcare delivery.
Wearable sensor technology has gained noteworthy attention from the masses in recent times and the trend is set to continue in the upcoming years. Wearable sensor devices are pegged to revolutionize medical care in multiple ways over the course of the upcoming decade.
Although the wearable sensor technology continues to receive flak owing to security and privacy-related issues, the adoption is projected to witness steady growth.
The wearable electronics sector has experienced unprecedented growth in the recent years due to dwindling prices of raw materials, growing consumer awareness, impactful marketing strategies, the surge in the number of health and tech-savvy consumers, and shift toward adopting a healthier lifestyle.
The demand for mobile health and fitness sensors is likely to grow hand-in-hand with the development of healthcare software and applications for wearable mobile devices as consumers continue to realize the benefits.
While the COVID-19 pandemic continues to cripple the growth of several core industrial verticals, the healthcare sector is expected to witness major developments. As the COVID-19 disease continues to spread at a blazing speed across the world, the demand for mobile health sensors is projected to grow at a considerable pace.
The pandemic is tipped to accelerate digital transformation within the healthcare sector as access to healthcare services continues to remain a major challenge under the current circumstances.
App-based healthcare services have garnered considerable traction over the past couple of months, and the trend is likely to continue over the upcoming years. Healthcare providers and patients are increasingly seeking access to health care systems in different ways by leveraging advancements in mobile fitness sensors.
Remote health monitoring solutions are expected to garner significant interest during the pandemic which in turn is likely to augment the interest in mobile health and fitness sensors. Participants in the supply-side of the value chain are currently investigating the potential benefits of deploying wearable sensors to improve health care during the COVID-19 pandemic.
Data acquisition and processing methodologies are under review along with growing interest in wearable devices for public health and clinical research activities.
In addition, several companies and medical institutes are working in tandem to investigate the potential role of biosensor technologies for disease predictions. For instance, in March 2020, Profusa, a digital health organization, along with its partners announced that the company is investigating the potential benefits of leveraging biosensor technologies to detect influenza outbreaks.
Research and development activities within the mobile health and fitness sensors market have ascended at a rapid pace since the onset of the novel COVID-19 pandemic. As the healthcare sector continues to scramble in pursuit of vaccines and new solutions to minimize the impact of the novel coronavirus, several studies are being carried out to evaluate the potential role of wearable devices to collect COVID-19-related data.
For instance, the Scripps Translational Research Institute announced the launch of a new study called ‘DETECT’ wherein the users can be a part of the study and allow researchers to collect data by using wearable medical devices including Apply Watch, Fitbit, Amazfit, and more. Researchers revealed that the data will be used to enhance the real-time surveillance of respiratory diseases and public health response to the outbreak of diseases.
Hospitals across the world are seeking new ways to minimize the burden by leaning toward wearable technologies to address the challenges put forward by the COVID-19 pandemic. Mobile health and fitness sensors particularly in the U.S. are increasingly being used to assess the progress of the pandemic in the country, monitor patients that are infected by COVID-19 disease, and identify clinicians, nurses, and doctors who may have contracted the disease.
The global mobile health and fitness market is expected to witness impressive growth in the upcoming years as remote health monitoring continues to gain popularity. In addition, as more and more patients and doctors realize the benefits of these sensors, large-scale adoption of these sensors could soon become a reality.
Digitalization has revived the global healthcare landscape with the introduction of technology in every aspect. Mobile health fitness sensors (health sensors) are gaining traction in the medical sector with increasing adoption of digital technologies in different aspects such as monitoring and diagnosis of patients.
The growing proliferation of smart devices is paving the way for the growth of mhelath sensors. The advanced sensor products such as biosensors are utilized to buy the medical industry to convert the biological responses generated by the body into electrical signals to map different changes in the human body.
Different advanced technologies adopted in the medical sector such as wearable technology, health, and wireless sensor network are expected to augment the revenue generated in the market by the end of the forecast period.
The technological feats achieved in the semiconductors are propelling ahead the market for digital health monitoring systems. The sensors facilitating remote monitoring of health are rapidly picking up pace in the market owing to enhanced delivery in the healthcare system.
The high adoption rate of wearable sensor technology in the general population has spiked the use of mobile health fitness sensors. The unprecedented growth of the wearable electronics sector is expected to impart exponential growth to the global market during the forecast period.
The COVID-19 pandemic has affected nearly every industry and the mobile health fitness sensor sector is known to experience a positive impact. The rapid spread of corona virus has enhanced the awareness regarding health in the demographics, surging the demand for fitness sensors.
The high acceleration of digital transformation during COVID-19 crisis is estimated to boost the market expansion. App-based healthcare services are experiencing a substantial increment in demand and this trend is projected to continue in the coming years.
The accelerated research & development activities during the COVID-19 pandemic to assess the importance of wearable in associating with corona virus is set to open a new door of opportunities for the market players. The probabilities of collecting data regarding the health of the people with apps such as amazfit and fitbit are garnering interest in the fitness sensors.
This data can be used in different researches associated with the surveillance of respiratory disorders to keep a check on the outbreak of diseases. The demand for these sensors has increased across different medical end-use such as hospitals as an innovative way to monitor public health. These sensors are also used by the medical authorities to keep a tab on the progress of the pandemic.
The market players are using advanced technologies to improve the data acquisition and processing methodologies used in their devices. They are focused to enhance the functionalities of their wearable to contribute to clinical research and public health assessments. Several companies are collaborating with medical institutes to increase the role of biosensor technology in the detection of the outbreak of different diseases.
Leading market players in the global market include Abbott Laboratories, Medtronic, F.Hoffmann-La Roche, Honeywell International, Acute Technology, and GE Healthcare OMRON.