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
Connected Biosensors are gaining traction in Namibia, with smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms becoming increasingly popular among consumers.
Customer preferences: In Namibia, customers are showing a growing interest in Connected Biosensors due to their convenience, accuracy, and ability to provide real-time health data. With a rising awareness of the importance of health monitoring, consumers are seeking out innovative solutions that can help them track their health metrics more effectively.
Trends in the market: One notable trend in the Connected Biosensors market in Namibia is the increasing adoption of smart blood glucose meters. As diabetes continues to be a prevalent health concern in the country, individuals are turning to these devices to manage their condition more efficiently. Similarly, the demand for smart thermometers is on the rise, especially in light of global health challenges such as the COVID-19 pandemic, where temperature monitoring is crucial.
Local special circumstances: Namibia's healthcare infrastructure faces challenges such as limited access to healthcare facilities, particularly in remote areas. As a result, Connected Biosensors offer a convenient way for individuals to monitor their health without the need for frequent visits to healthcare providers. This aspect makes these devices particularly appealing to the Namibian population.
Underlying macroeconomic factors: The growing middle-class population in Namibia, coupled with increasing disposable incomes, is driving the demand for Connected Biosensors in the country. As consumers become more health-conscious and tech-savvy, they are willing to invest in innovative health monitoring devices that can provide them with valuable insights into their well-being. Additionally, advancements in technology and the availability of affordable smart devices are further fueling the growth of the Connected Biosensors market in Namibia.
Most recent update: Jun 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