Wearable Oral Health Sensors Market size was valued at USD 9.51 Billion in 2023 and is projected to exceed USD 19.56 Billion by the end of 2036, expanding at over 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of wearable oral health sensors is evaluated at USD 10 Billion. The growth of the market can be attributed to the Increased prevalence of oral diseases and technological developments with sensors in smart devices. Increasing healthcare expenditure is expected to drive the market over the coming decades.
Rising investment in the healthcare industry leads to the usage of smart medical equipment such as wearable oral health sensors. As per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in the upcoming years.
Author Credits: Radhika Pawar
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