Market Insights Digital Digital Health Digital Treatment & Care

Connected Biosensors - Jordan

Jordan

In 2024, the revenue in the Connected Biosensors in Jordan is projected to reach US$13.79m.
Looking ahead, the market is expected to show a steady annual growth rate (CAGR 2024-2029) of 4.83%, resulting in a projected market volume of US$17.46m by 2029.
The user penetration rate is predicted to be 1.26% in 2024 and is expected to increase to 1.29% by 2029.
This indicates a gradual adoption of connected biometric sensors among the population.
Furthermore, the average revenue per user (ARPU) is estimated to be US$95.89.
This metric provides insights into the average spending per user in the market.
In terms of global comparison, China is anticipated to generate the highest revenue in the Connected Biosensors, amounting to US$4,493.00m in 2024.
This highlights China's dominance in this market.
Jordan is experiencing a growing demand for connected biometric sensors in the digital health market, with increased focus on remote patient monitoring and personalized healthcare solutions.

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

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Analyst Opinion

The Connected Biosensors market in Jordan is experiencing significant growth and development, driven by various factors shaping the market landscape in the country.

Customer preferences: In Jordan, customers are increasingly leaning towards smart healthcare solutions, including connected biosensors such as smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms. The convenience, accuracy, and real-time monitoring capabilities offered by these devices are appealing to consumers who are becoming more health-conscious and tech-savvy.

Trends in the market: One of the key trends in the Connected Biosensors market in Jordan is the rising adoption of telehealth and remote patient monitoring solutions. This trend is particularly relevant in the current global context, where the importance of remote healthcare services has been underscored. The demand for connected biosensors that enable individuals to monitor their health parameters from the comfort of their homes is on the rise in Jordan. Moreover, there is a growing trend towards the integration of artificial intelligence (AI) and data analytics in connected biosensors to provide users with personalized health insights and recommendations. This trend is driving innovation in the market, with companies focusing on enhancing the functionality and intelligence of their devices to deliver more value to customers.

Local special circumstances: In Jordan, the healthcare system faces challenges such as limited access to healthcare services in remote areas and a growing burden of chronic diseases. Connected biosensors offer a promising solution to address these challenges by enabling remote monitoring, early detection of health issues, and timely intervention. The government and healthcare providers in Jordan are increasingly recognizing the potential of connected biosensors in improving healthcare delivery and are thus supporting initiatives to integrate these technologies into the healthcare system.

Underlying macroeconomic factors: The growing penetration of smartphones and internet connectivity in Jordan is playing a significant role in driving the adoption of connected biosensors. With increasing digital literacy and smartphone usage among the population, there is a conducive environment for the uptake of smart healthcare solutions in the country. Additionally, the government's focus on digitizing the healthcare sector and promoting innovation is creating opportunities for companies operating in the connected biosensors market to expand their presence in Jordan.

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.