Global Real Time Health Monitoring Devices Market size worth USD 110 billion with CAGR of 13.8% owing to rising prevalence of diseases has led to an increase in demand for devices that facilitate real time monitoring of health parameters by 2025 says Market Research Future (MRFR). Real time health monitoring devices market is expected to witness significant growth due to Advancements in technology to bring innovations in the product portfolios and facilitate profit maximization in the real time health monitoring devices market over the next couple of years. However, lack of awareness about the technology and reluctance in sharing information about one’s health, etc. are some of the factors prognosticated to hold the growth of the market in the years to come.
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Real Time Health Monitoring Devices Market Competitive Dashboard:
Top leaders operating in the global real time health monitoring devices market are
• Withings SA
• Garmin Ltd
• Fitbit, Inc.
• GE Healthcare
• Jawbone Inc.
Real Time Health Monitoring Devices Market Segmentation:
Based on type, the global real time health monitoring devices market has been segmented into
• Connected home health
• Medical devices
• Wearable devices
Based on Connected home health medical devices, the global real time health monitoring devices market has been segmented into
• Pulse Oximeters
• Other Medical Devices
• Blood Pressure Monitors
Based on Wearable devices, the global real time health monitoring devices market has been segmented into
• Smart Watch
• Smart Clothing
• Fitness Bands
• Head Bands
Real Time Health Monitoring Devices Market Regional Analysis:
For a detailed geographical evaluation, the global real time health monitoring devices market has been segmented into four regions
• Middle East & Africa (MEA)
• Asia Pacific (APAC)
Americas is presently dominating the global market owing to the presence of a huge patient population in the region. Chronic diseases are widely prevalent, which is likely to encourage the adoption of advanced healthcare technologies in the forthcoming years. This, in turn, is anticipated to support the real time health monitoring devices market in retaining the pole position through the forecast period.
The U.S. is likely to lead the expansion of the regional segment as it is observed to invest immensely in obesity management. It has been assessed that around one-third of the U.S. population is obese at present. It is expected to emerge as the driving factor of the regional real time health monitoring devices market over the review period.
Europe is poised to hold the second spot in the global marketplace over the next few years. Asia Pacific is expected to trail the real time health monitoring devices market in Europe in the forthcoming years. Asia Pacific is also expected to expand at the highest CAGR over the assessment period. Increasing demand for wearable devices in the region is projected to create growth opportunities for the market players over the next few years.
Other factors poised to accelerate the growth of the real time health monitoring devices market in the region are rising patient population, adoption oh advanced healthcare technology, increasing healthcare expenditure, etc. The Middle East & Africa is prognosticated to account for the least share of the market. However, the region resonates strong growth prospects and is likely to exhibit a moderate rise in the growth curve.
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