Market Insights Digital Digital Health Digital Treatment & Care

Connected Biosensors - Romania

Romania

The market Connected Biosensors in Romania is projected to generate a revenue of €42.95m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 3.04%, resulting in a projected market volume of €49.89m by 2029.
The user penetration rate is estimated to be 2.98% in 2024 and is projected to increase to 3.13% by 2029.
The average revenue per user (ARPU) is expected to be €73.50.
In global comparison, China is expected to generate the highest revenue in this market, reaching €4,123.00m in 2024.
Romania is seeing a growing adoption of connected biometric sensors in the digital health market, with increased focus on remote patient monitoring.

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

Marché

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Comparaison de régions

Monnaie

Analyst Opinion

The Connected Biosensors market in Romania is showing promising growth and innovation in recent years.

Customer preferences: Customers in Romania are increasingly leaning towards connected biosensors due to their convenience, accuracy, and ability to provide real-time health data. 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 monitoring. The ease of use and seamless integration with smartphones and other devices are key factors driving customer preferences in the market.

Trends in the market: In Romania, there is a noticeable trend towards the adoption of connected biosensors for remote health monitoring and management. Smart thermometers are becoming popular for tracking body temperature during illnesses, while smart blood glucose meters are in demand among individuals with diabetes for easy glucose level monitoring. Additionally, smart blood pressure meters are gaining traction as they provide accurate blood pressure readings at home. The market is also seeing an increase in the use of social alarms by the elderly and individuals with medical conditions to quickly alert caregivers or emergency services in case of need.

Local special circumstances: Romania's healthcare system is witnessing a shift towards digital health solutions, creating a conducive environment for the growth of the connected biosensors market. The government's initiatives to promote telemedicine and remote patient monitoring are driving the adoption of these devices across the country. Additionally, the increasing focus on preventive healthcare and the aging population in Romania are further fueling the demand for connected biosensors to monitor health parameters proactively.

Underlying macroeconomic factors: The economic stability and increasing disposable income in Romania are enabling more individuals to invest in connected biosensors for personal health monitoring. The growing awareness about the importance of regular health tracking and the availability of advanced technology are influencing purchasing decisions in the market. Moreover, the competitive pricing of connected biosensors and the presence of key players offering a wide range of products are contributing to the market's expansion in Romania.

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.