Wearable Sensors Market size is anticipated to grow by USD 26.7 billion from 2025 to 2037, at more than 18.1% CAGR. The estimated industry value of wearable sensors in 2025 stands at USD 3.97 billion.
The rising prevalence of cardiovascular diseases (CVDs) globally is one of the key factors expected to propel the wearable sensors market demand. According to the National Institutes of Health (NIH) survey, CVDs are the leading cause of death in many parts of the globe, and in 2021, around 20.5 million CVD-related deaths were reported. Wearable devices and sensors help to monitor cardiovascular health due to their ability to continuously collect real time data. Smartwatches and bands are rapidly gaining traction for early detection, risk assessment along with post-treatment monitoring. One of the recent developments supporting heart disease monitoring is the launch of new wearable technology launched by the University of Texas in May 2023. The researchers have developed a lightweight electronic tattoo device, an e-tattoo that can be attached to the chest for monitoring heart health.
Moreover, increasing interest and awareness of fitness among individuals will impel the wearable sensors market revenue. According to a survey by the International Food Information Council (IFIC) in 2022, around 62% of people in the U.S. were interested in maintaining their health, while 53% were interested in physical exercise and consumption of nutritious food and drinks. Thus, to keep track of their health, there has been a rising interest in wearable devices and sensors, encouraging key players to develop novel products.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.2% |
|
Base Year Market Size (2024) |
USD 3.47 billion |
|
Forecast Year Market Size (2037) |
USD 30.17 billion |
|
Regional Scope |
|
Sensor Type (Accelerometers, Optical, Pressure& Force, Temperature, Touch, Motion, Medical Sensors)
Based on sensor type, the accelerometers segment is likely to register robust growth in the wearable sensors market during the forecast period owing to high usage of accelerometers activity tracking, movement, and orientation and high focus on expanding the applications of accelerometers in the healthcare sector. For instance, many accelerometer-based wearable devices are available in the market with fall detection, mobility monitoring, and emergency alerts to assist the elderly population. In addition, advancements in technology like micro-electro-mechanical systems (MEMS) have resulted in the development of compact, lightweight and power-efficient accelerometers.
Device (Smartwatch, Fitness Band, Smart Glasses, Smart Fabric, Bodywear, Footwear)
The smartwatch segment is expected to account for a significant wearable sensors market share by 2037, due to the rising prevalence of several chronic diseases, increasing need for advanced smartwatches for remote patient monitoring, and growing awareness about importance of wearable technology, including smartwatches. According to a statistic, around 225 million people used a smartwatch in 2024. This can be a result of the benefits such as health and fitness tracking, enhanced convenience, and connectivity, along with emergency features and personalized insights available in the new generation of smartwatches. For instance, in September 2023, Apple launched a new Apple Watch Series 9 with enhanced performance and capabilities and features such as watch faces, new cycling and hiking features and tools supporting mental health.
Our in-depth analysis of the wearable sensors market includes the following segments:
|
Sensor Type |
|
|
Device |
|
|
End use |
|
North America Market Forecast
North America wearable sensors market is likely to hold the largest revenue share of 31% by 2037, attributed to the rapid adoption of new developments and technologies, and presence of a well-established healthcare sector. Increasing spending on wearable sensor devices, as well as high demand for wearable technology for fitness, security, and healthcare, is anticipated to drive lucrative growth of the wearable sensors market in the region. For instance, in 2021, it was observed that wearable device spending reached USD 81 billion, 18% higher than the previous year. Moreover, the growing demand for home healthcare monitoring and an aging population in the region will propel the regional market size.
In the U.S. the adoption of wearable sensors rapidly escalated during the COVID-19 pandemic for health monitoring and contactless interaction, leading to significant wearable sensors market growth. Moreover, people in the U.S. are steadily becoming aware of the importance of wearable technology. According to a survey by the NIH, 1 in every 3 Americans uses a wearable device, a smartwatch, or a smart band to track their fitness and health, and more than 80% of the users willingly share information from their device with their healthcare advisers. Other factors such as the presence of leading companies, continuous innovations in sensor technology, and increasing product launches are anticipated to drive the market growth.
The wearable sensors market in Canada is steadily growing owing to the rising aging population, strong healthcare focus on remote monitoring, and rapid adoption of fitness trackers and smartwatches. Companies and governments are heavily investing in preventive healthcare initiatives.
Asia Pacific Market
The wearable sensors market in Asia Pacific is likely to grow at a robust CAGR through 2037, propelled by increasing consumer spending on health and fitness devices, rapid urbanization, and improving healthcare infrastructure. Growing health consciousness and fitness trends across the region are fueling the adoption of wearable devices that monitor health metrics such as heart rates, steps, and sleep patterns. In addition, local manufacturers in China, India, Japan, and South Korea are developing cost-effective alternatives to global brands, making wearable technology accessible to broader audience.
The market in China is expected to witness significant growth owing to rising consumer awareness and increasing integration of wearables with IoT platforms by major tech players such as Huawei, Xiaomi, and Oppo. Other factors such as rapid advancements in sensor technology, presence of well-established healthcare facilities, and rising adoption of wearable technology for monitoring the elderly population are expected to fuel the market growth in this country.
Millennials and working professionals in India are increasingly investing in fitness-oriented wearables to track physical activity. Companies like Boat, Noise, and Fire-Bolt are developing budget-friendly wearables for their consumers. In addition, the government has launched initiatives such as Digital India and Ayushman Bharat to promote telemedicine and preventive healthcare.
The global wearable sensors market is highly competitive consisting of several key players and is heavily influenced by innovation, technological advancements, and strategic collaborations among major players. These companies are adopting several strategies such as mergers and acquisitions, partnerships, product launches, joint ventures, and license agreements. Here are some other key players operating in the market:
Author Credits: Abhishek Verma
Copyright © 2025 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?