Wearable Sensors Market Share

North America Market Forecast

North America industry is likely to hold largest revenue share of 31% by 2037. The rapid adoption of new developments and technologies, and a growing healthcare sector. Moreover, increasing spending on wearable sensor devices, as well as increasing demand in a large number of industry applications, such as wearable technology for fitness, security, and healthcare, is anticipated to drive lucrative growth of the wearable sensors market in the region. For instance, it was observed that wearable device spending reached USD 81 billion in 2021, up 18% from USD 67 billion the previous year. Wearable device usage in the United States has increased from 8.5% in 2017 to 32% in 2021. Moreover, the growing demand for home healthcare monitoring in addition to an aging population in the region is expected to drive the regional market over the forecast period. In a survey, it was noted that in the United States 75-80% of people prefer the accessibility of remote patient monitoring devices.