The Global Real Time Health Monitoring Devices Market is expected to reach USD 67,982.2 million by 2022 and is expected to grow at a CAGR of 14.29% during the forecast period 2016-2022.
Real Time Health Monitoring Devices provide real time analysis of the patient’s health parameters. Patients are sharing their healthcare information in real time with their caregivers through these devices for flexible health monitoring and management. Internet of medical things is vastly improving the healthcare conditions of patients. Tracking patient monitoring and drug management has become possible because of the usage of the above Internet of Things (IOT) medical devices in the healthcare sector. Increasing ageing population, surging healthcare expenses and an increase in the occurrence of chronic diseases is driving healthcare stakeholders to follow remote health management and patient monitoring seriously.
Global Real Time Health Monitoring Devices Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the Global Real Time Health Monitoring Devices Market appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
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.
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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) and others.
Global Real Time Health Monitoring Devices Market – Segments
Global Real Time Health Monitoring Devices Market has been segmented on the basis of type which comprises of wearable devices, home health medical devices. On the basis of end user the market is segmented into hospitals, clinics, ambulatory centers and homecare settings.
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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