The enhancement of product quality particularly regarding wearable tech is opening up the market for accelerated development. Market reports linked to the medical device industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is projected to earn revenues totaling USD 67,982.2 million and is forecasted to expand at a CAGR of 14.29% in the duration of the forecast period.
The evolvement in the tools that are used to monitor health conditions effectively has undergone radical development in recent times. Rise in the incidence of chronic diseases that require constant monitoring is a major factor in the development of the demand for real time health monitoring devices. Acceleration in the application of the concept of AI and rising research activities to optimize the design of these devices is expected to play an essential role in shaping the market.
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)
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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.
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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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