According to Data Bridge Market Research new Market report “Global Digital Health Monitoring Market By Product Type (Devices (Blood Pressure Monitors, Blood Glucose Monitors, ECG, Oximeters, Peak Flow Monitors, Multi Parameter Monitors, Sleep Apnea Monitors, Neurological Monitors, Others), Software (Healthcare Apps, Chronic Disease Apps, Personal Health Apps, Others), Services (Remote Monitoring, Consultancy Services, Treatment Services, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Trend and Forecast to 2022”, has accounted to USD 14.3 billion in 2015, growing at a CAGR of 38.8% from 2016 to 2022, and is expected to reach USD 132.2 billion by 2022.
Report URL: https://www.databridgemarketresearch.com/reports/global-digital-health-monitoring-devices-market
Digital health products are shifting the continuous monitoring market from healthcare professionals to consumers hence creating an entirely new market scope. The digital health monitoring market is helping the healthcare monitoring from diagnosis to predictive approach. Consumers get control of the device and the continuous data management, provided with miniaturization, portability, its wireless component, non-invasive body sensors, and integration with the smart phone, decreasing the physician visits for regular check ups. The big issue of this market is no reimbursement so for the manufacturers it’s a concern that who will the payer in this market, hence somewhat restraining the market growth. However with cheaper and more effective technologies coming in the market the constraint with reimbursements will be controlled.
Digital Health Monitoring Market - Market Segmentation
The global digital heath monitoring market is segmented based on product types into 3, namely digital health devices, digital health software and digital health services. The digital health devices market includes mobile devices and is further segmented into blood glucose monitors, ECG monitors, blood pressure monitors, oximeters, peak flow monitors, neurological monitors, sleep apnea monitors, multi parameter monitors, and others. Blood glucose monitors is expected to grow at the highest CAGR due to the increasing prevalence and risk of diabetes in the global market especially U.S. However the increasing awareness and health concern among the population in developed countries is expected to drive this market.
The digital health software market includes mobile apps for healthcare and is segmented into healthcare apps, chronic disease apps, personal health apps and others. Some of the major inclusions in this segment are weight loss apps, fitness tracking apps, aware and alert apps, diabetes maintenance apps, pregnancy apps, blood pressure monitoring apps, PHR apps among others. The digital health services market includes remote monitoring, diagnosis and consultation services, fitness and wellness services, prevention services and others. The software and services market is propelled by the acceptance of android and ios phones in developing markets. The fitness and tracking apps dominating the software market in 2015, accounting to the market share of 29.8%. The remote monitoring services are expected to dominate the market in the forecast period, which accounted to 55.3% of the market in 2015.
Digital Health Monitoring Market - Geographical Segmentation
Based on geography the digital health monitoring market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising acceptance of consumer based healthcare monitoring and awareness among its population.
Digital Health Monitoring Market - Competitive Landscape
The players in this market are using mergers, acquisition and development of technology as penetration strategies. The report also includes new developments, future technological advancements, recent strategically decisions, expansions and product launches. The key players in the digital health market are Medtronic, Inc., Apple, Inc., Sanofi, Mobisante, Inc., AirStrip Technologies, Inc., AliveCor, Inc., LifeWatch AG, Nike Inc., Koninklijke Philips N.V., Johnson & Johnson, Jawbone, Omron Corporation, Withings, BioTelemetry Inc., athenahealth, Inc., AgaMatrix, Inc., iHealth Lab, Inc., AT&T, Qualcomm, Cerner Corporation, Diversinet, and Cisco, Inc. among others.
Browse Related Reports:
North America Digital Health Monitoring Market – Trends and Forecast to 2022, By Product Type (Devices (Blood Pressure Monitors, Blood Glucose Monitors, ECG, Oximeters, Peak Flow Monitors, Multi Parameter Monitors, Sleep Apnea Monitors, Neurological Monitors, Others), Software (Healthcare Apps, Chronic Disease Apps, Personal Health Apps, Others), Services (Remote Monitoring, Consultancy Services, Treatment Services, Fitness and Wellness Services, Others), By Country (U.S., Canada, Mexico) – Trend and Forecast to 2022
Asia Pacific Digital Health Monitoring Market By Product Type (Devices (Blood Pressure Monitors, Blood Glucose Monitors, ECG, Oximeters, Peak Flow Monitors, Multi Parameter Monitors, Sleep Apnea Monitors, Neurological Monitors, Others), Software (Healthcare Apps, Chronic Disease Apps, Personal Health Apps, Others), Services (Remote Monitoring, Consultancy Services, Treatment Services, Fitness and Wellness Services, Others), By Country (China, India, Japan, South Korea, Singapore, Australia, Rest of APAC) – Trend and Forecast to 2022
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