Market Insights Digital Digital Health Digital Treatment & Care

Connected Biosensors - Belgium

Belgium

In Belgium, the revenue in the Connected Biosensors is projected to reach US$55.94m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.24%, resulting in a projected market volume of US$62.50m by 2029.
The user penetration is expected to be 3.90% in 2024 and is projected to reach 4.04% by 2029.
The average revenue per user (ARPU) is expected to be US$122.40.
In global comparison, China is expected to generate the most revenue, with US$4,493.00m in 2024.
Belgium is experiencing a surge in the adoption of connected biometric sensors in the digital health market, revolutionizing the way healthcare professionals monitor patient health.

Key regions: Italy, Germany, France, United Kingdom, India

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Analyst Opinion

The Connected Biosensors market in Belgium is witnessing a surge in demand for smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms.

Customer preferences: Consumers in Belgium are increasingly turning to connected biosensors due to their convenience, accuracy, and ability to provide real-time health data. The trend towards proactive health monitoring and the growing aging population are driving the adoption of these devices.

Trends in the market: In Belgium, there is a notable trend towards the integration of connected biosensors with smartphones and other smart devices, allowing for seamless data tracking and analysis. Additionally, there is a rising interest in wearable biosensors that offer continuous monitoring of vital signs, contributing to the overall growth of the market.

Local special circumstances: Belgium's strong focus on healthcare innovation and technology is a key driver for the growth of the Connected Biosensors market. The presence of renowned research institutions and a supportive regulatory environment further propel the development and adoption of these advanced healthcare devices in the country.

Underlying macroeconomic factors: The increasing healthcare expenditure in Belgium, coupled with the rising awareness about preventive healthcare, is creating a favorable environment for the Connected Biosensors market to thrive. Moreover, the government's initiatives to promote digital health solutions and remote patient monitoring are expected to further boost the demand for connected biosensors in the country.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.