Lyon, France-based Yole Développement earlier this month described the market for sensors for the homecare sector as set to ‘explode’ over the next five years.
The company was reflecting on its Sensors for Home Healthcare Applications: Market & Technology Analysis report of December (2013).
The report provides a complete overview of today and tomorrow’s advanced homecare applications, identifying the most promising areas.
Among these talking points is the market for sensors in homecare which, according to Yole Développement, is anticipated to explode over the next five years.
A range of sensors were considered during the research, including accelerometers, barometers, flow sensors, photo detectors, pressure sensors, proximity IR sensors, RF MEMS, and RFID.
Collectively, these sensors have numerous applications in the homecare market, from fall detection systems to tremor monitoring in Parkinson’s disease. Today, the three most-used sensors are photodetectors, pressure sensors and electrochemical sensors.
From 2000-2050, the proportion of the world’s population aged 60 and over will grow from about 16% to 25% – an increase linked to a marked growth of chronic diseases. Healthcare systems’ rising costs and a physicians’ shortage are paving the way for increased homecare. As a result, the market for sensors is growing too.
“Sensors previously developed for non-medical applications are transitioning to homecare applications, and the market for sensors dedicated to homecare applications is poised to grow from $559m in 2013 to $1.2bn by 2018,” explained Benjamin Roussel, Project Manager, Medical Technologies, at Yole Développement.