Market Insights Digital Digital Health Digital Treatment & Care

Connected Biosensors - Netherlands

Netherlands

The Netherlands is projected to experience a significant revenue growth in the market segment of Connected Biosensors.
By 2024, the revenue is estimated to reach US$83.62m.
This growth is expected to continue with an annual growth rate of 3.32% (CAGR 2024-2028), resulting in a projected market volume of US$95.29m by 2028.
The user penetration rate is expected to be 4.34% in 2024 and is projected to increase to 4.51% by 2028.
This indicates a growing adoption of connected biometric sensors by the Dutch population.
Furthermore, the average revenue per user (ARPU) is estimated to be US$111.40.
This signifies the amount of revenue generated per user in the Netherlands.
When compared globally, in China is expected to generate the highest revenue in the market segment of Connected Biosensors.
In 2024, in China's revenue is projected to reach US$4,493.00m.
The Netherlands is at the forefront of the digital health market, with a growing demand for connected biometric sensors.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Connected Biosensors market in Netherlands is experiencing significant growth and development, driven by various factors shaping consumer preferences and market trends.

Customer preferences: Customers in Netherlands are increasingly gravitating towards Connected Biosensors due to the convenience, accuracy, and real-time monitoring capabilities they offer. The demand for smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms is on the rise as individuals seek more control over their health and well-being. The ease of use and ability to seamlessly integrate with other digital devices are key factors driving the adoption of connected biosensors among tech-savvy consumers in the country.

Trends in the market: In Netherlands, there is a noticeable trend towards the integration of connected biosensors with mobile applications and wearable devices. This integration allows users to track their health data on-the-go and easily share it with healthcare providers, leading to more personalized and efficient care. Moreover, the market is witnessing a shift towards more advanced biosensors that offer additional features such as AI-powered analytics, cloud connectivity, and predictive health insights. These trends indicate a growing emphasis on preventive healthcare and proactive monitoring among the population.

Local special circumstances: The Netherlands has a well-established healthcare system with a strong focus on innovation and technology. This environment fosters the adoption of connected biosensors as healthcare providers and consumers alike are open to embracing digital solutions to improve health outcomes. Additionally, the high level of digital literacy and tech infrastructure in the country creates a conducive environment for the growth of the connected biosensors market. The presence of leading research institutions and healthcare organizations further propels innovation in the sector, driving the development of cutting-edge biosensor technologies.

Underlying macroeconomic factors: The growing aging population in Netherlands, coupled with the increasing prevalence of chronic diseases, is a key macroeconomic factor driving the demand for connected biosensors. As the healthcare system grapples with rising healthcare costs and the need for more efficient care delivery, connected biosensors offer a cost-effective solution for remote monitoring and early detection of health issues. Furthermore, government initiatives to promote digital health technologies and remote patient monitoring are creating opportunities for the expansion of the connected biosensors market in Netherlands.

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.