Europe Digital Health Monitoring Devices Market, By Product (Devices, Software, Services), Type (Wireless Health, m-health, Telehealth, EHR/EMR, Others), End User (Hospital, Homecare Settings, Clinics, Ambulatory Surgical Centers, Others), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2028.
The Europe digital health monitoring devices market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 21.10% in the above-mentioned forecast period.
Digital health is a sophisticated technology that plays a vital role in improving the health-related issues in the modern healthcare sector. It consists of an application for a doctor to access the medical information. The most used services in the digital health care sector are telehealth and telecare services for treating health-related issues. That is done by using alarm and health monitoring devices.
The surge in various diseases, rising geriatric population and increasing smartphone penetration are primarily responsible for driving the growth of the digital health monitoring devices market. Additionally, the COVID-19 has reduced frequent visits to hospitals , which has increased the demand for monitoring devices at home and heighten the market's overall growth. However, the high cost of devices further posing as hindrance for the market’s growth.
The technological advancements in digital health monitoring devices, such as the launch of wearable devices, are expected to generate profitable opportunities for the market. On the flip side, the discomfort associated with the insertion of monitoring instruments have the potential to challenge the market’s growth.
This digital health monitoring devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research digital health monitoring devices market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Digital Health Monitoring Devices Market Scope and Market Size
Digital health monitoring devices market is segmented on the basis of product, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the market is segmented into devices, software and services. Device segment is sub-segmented into vital signs monitoring devices, glucose monitoring devices, sleep monitoring devices, fetal monitoring and obstetric devices, and neuromonitoring devices. Software segment is sub-segmented into healthcare apps, chronic disease apps, personal health apps and others. Services segment is sub-segmented into remote monitoring, consultancy services and others.
- On the basis of type, the market is segmented into wireless health, health, telehealth, ehr/emr and others.
- On the basis of end user, the market is segmented into hospital, homecare settings, clinics, ambulatory surgical centers and others.
Europe Digital Health Monitoring Devices Market Country Level Analysis
Digital health monitoring devices market is analyzed and market size insights and trends are provided by product, type and end user as referenced above.
The countries covered in the digital health monitoring devices market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe in Europe.
The country section of the digital health monitoring devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
Digital health monitoring devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for digital health monitoring devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the digital health monitoring devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Europe Digital Health Monitoring Devices Market Share Analysis
Digital health monitoring devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital health monitoring devices market.
The major players covered in the digital health monitoring devices market report are Medtronic, Agfa-Gevaert Group., iHealth Labs Inc., OMRON Corporation, Boston Scientific Corporation, BioTelemetry., BIOTRONIK SE & Co. KG, Honeywell International Inc., Epic Systems Corporation, Siemens, Allscripts Healthcare, LLC, McKesson Corporation, Koninklijke Philips N.V., Abbott, IBM Corporation, GENERAL ELECTRIC, Cerner Corporation, Cisco., Qualcomm Technologies, Inc. among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.