Definition:
Connected Biosensors are devices that collect information on a variety of health parameters and vital signs of an individual, such as blood pressure, temperature, and blood glucose, by reading or measuring this data and transmitting it via electrical signals. This market also includes social alarms as an example of ambient assisted living technologies, which are emerging technologies enabled by IoT, AI, sensors, and wireless communication technologies with the goal of helping elderly people live safely and independently in their environment.Structure:
The Connected Biosensors market is divided into four categories: thermometers, blood glucose meters, blood pressure meters, and social alarms.Additional Information:
The market data comprises revenue, average revenue per user, users, and user penetration rates. The data only reflects B2C revenues; B2B and C2C revenues are not covered.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jun 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Most recent update: Jun 2024
Source: Statista Market Insights
The Connected Biosensors market in Ethiopia is experiencing significant growth and development.
Customer preferences: Ethiopian consumers are increasingly seeking healthcare solutions that are convenient, efficient, and accessible. This has led to a growing demand for Connected Biosensors such as smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms. These devices offer real-time monitoring and data tracking, allowing users to manage their health more effectively.
Trends in the market: One key trend in the Connected Biosensors market in Ethiopia is the rising adoption of digital health technologies. As the country continues to invest in healthcare infrastructure and digitalization efforts, more opportunities are opening up for connected health devices. Additionally, the growing awareness about preventive healthcare measures is driving the demand for biosensors that enable early detection and monitoring of health conditions.
Local special circumstances: Ethiopia faces unique healthcare challenges, including limited access to healthcare facilities in remote areas and a shortage of healthcare professionals. Connected Biosensors have the potential to bridge some of these gaps by allowing individuals to monitor their health at home and share data with healthcare providers remotely. This is particularly beneficial in a country where healthcare resources are scarce and decentralized.
Underlying macroeconomic factors: The Ethiopian government's focus on improving healthcare services and infrastructure, as outlined in its Health Sector Transformation Plan, is creating a conducive environment for the growth of the Connected Biosensors market. Additionally, increasing disposable incomes and a growing middle-class population are expanding the consumer base for healthcare technologies in the country. These macroeconomic factors are contributing to the overall development of the Connected Biosensors market in Ethiopia.
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights