Connected Biosensors - Benelux

Benelux

Highlights

Revenue in the Connected Biosensors in the Benelux is projected to reach US$144.20m in 2024.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 2.76%, resulting in a projected market volume of US$165.20m by 2029.
User penetration in the Benelux is estimated to be 3.42% in 2024 and is expected to increase to 3.53% by 2029.
The average revenue per user (ARPU) in the Benelux is expected to amount to US$140.50.
In global comparison, China is projected to generate the highest revenue, reaching US$4.49bn in 2024.
The Benelux region is experiencing a surge in demand for connected biometric sensors, with healthcare providers leveraging the technology to enhance patient monitoring and improve treatment outcomes.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Connected Biosensors market in Benelux is experiencing significant growth and innovation in smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms.

Customer preferences: Consumers in Benelux are increasingly inclined towards health and wellness monitoring, leading to a growing demand for connected biosensors. The convenience and real-time data tracking offered by these devices are appealing to individuals looking to actively manage their health.

Trends in the market: In Benelux, there is a notable trend towards the adoption of smart blood glucose meters, driven by the rising prevalence of diabetes in the region. These devices provide users with accurate and immediate glucose level readings, empowering them to make informed decisions about their diet and medication. Additionally, the market for smart thermometers is expanding as consumers prioritize early detection of illnesses and seek non-invasive ways to monitor their health.

Local special circumstances: Benelux countries have well-established healthcare systems that prioritize preventive care and patient engagement. This emphasis on proactive health management aligns with the capabilities of connected biosensors, making them a natural fit for the market. Moreover, the tech-savvy population in Benelux is quick to adopt new innovations, further fueling the demand for these advanced healthcare devices.

Underlying macroeconomic factors: The stable economic environment in Benelux supports the growth of the connected biosensors market, as consumers have the purchasing power to invest in these high-tech healthcare solutions. Additionally, government initiatives promoting digital health technologies and remote patient monitoring are driving the adoption of connected biosensors across the region. This favorable regulatory landscape encourages innovation and investment in the sector, contributing to the overall development of the market.

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.