Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2022. According to MRFR, the Global Real-Time Health Monitoring Devices Market gaining further prominence will register a spectacular growth of USD 67,982.2 million by 2022, posting a striking 14.29% CAGR during 2016 – 2022.
Real-Time Health Monitoring Devices market, although in its embryonic stage, is still witnessing an outstanding growth over the past couple of years. This growth attributes to the ability of these devices in the field of flexible health monitoring and management providing real-time analysis of the patient’s health parameters efficiently. Growing population, increasing awareness & inclination among people towards keeping good health coupled with the augmenting uptake of these devices fuelled by the improving conditions & growing influence of media industry; such factors are fostering the market growth to an extent.
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Global Real Time Health Monitoring Devices Market – Key Players
Some of the key players in this market are:
- GE Healthcare (U.K.)
- Qualcomm (U.S.)
- Jawbone Inc. (U.S.)
- Withings SA (France)
- Fitbit Inc. (U.S.)
- Garmin Ltd. (Switzerland)
Global Real Time Health Monitoring Devices Market – Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.
In July-2016, GE Healthcare acquired Biosafe Group, which supplied integrated cell bioprocessing systems for the cell therapy and regenerative medicine industry, for an undisclosed sum. The acquisition of Biosafe expanded GE Healthcare’s end-to-end ecosystem of products, solutions, and services for its cell therapy customers and expanded GE’s technology reach to a number of new cell and therapy types.
In October-2017, Qualcomm, along with Netgear, Ericsson, and Australian carrier Telstra, is announced launch of the first product to support gigabit LTE, a mobile hotspot. The hotspot makes use of a variety of technologies to hit those high speeds, including carrier aggregation. It runs on Telstra’s existing LTE networks.
In February-2017, Nokia re-launched the entire Withings portfolio of digital health devices under the Nokia brand, the company announced the same at the Mobile World Congress (MWC) in Barcelona.
In May-2016, Fitbit, Inc., the leader in the connected health and fitness market, acquired wearable payment assets of Coin, a Silicon Valley consumer electronics and financial technology company. The deal includes key personnel and intellectual property specific to Coin’s wearable payment platform. There were no plans to integrate Coin’s wearable payments technology into the 2016 Fitbit product roadmap, the acquisition accelerated Fitbit’s ability to develop an active NFC payment solution that could be embedded into future Fitbit devices, broadening its smart capabilities. The acquisition excluded smart payment products, such as Coin 2.0.
Global Real Time Health Monitoring Devices Market – Segments
The report Real Time Health Monitoring Devices Market is segmented into 3 key dynamics, for the convenience of the report and enhanced understanding: –
By Types: Comprises Wearable Devices & Home Health Medical Devices among others.
By End Users: Hospitals & Clinics, Specialty Centers, & Ambulatory Centers and Homecare Settings among others.
By Regions: Europe, North America, APAC and Rest of the World.
Segment Wearable Devices by Types, holding the largest market share dominates the global market.
Global Real Time Health Monitoring Devices Market – Regional Analysis
North America dominates the Global Real Time Health Monitoring Devices Market increasing diseases management for the growing geriatric population. Moreover, the presence of the developed economies like the U.S. and Canada provides the technological backgrounds for the market growth. Europe holds the second largest market. The need to reduce the healthcare costs and improve patient health management for the ageing population has led to the adoption of real time health monitoring devices in this region. The Asia Pacific region is expected to be the fastest growing region while the Middle East and Africa holds the least share of the global market.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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