Market Trend and Dynamics:
global Real Time Health Monitoring Devices Market size to exhibit a CAGR of 13.8% across the projection period to reach a valuation of USD 110,005.0 Mn by 2025. Increasing prevalence of diseases has led to an increase in demand for devices that facilitate real time monitoring of health parameters.
Advancements in technology are anticipated to bring innovations in the product portfolios of the market players. This, in turn, is projected to 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
• Fitbit, Inc.
• GE Healthcare
• Jawbone Inc.
• Qualcomm
• Withings SA
• Garmin Ltd
These manufacturers are expected to contribute significantly to the development growth trajectory of the market in the years to come. The strategies implemented for growth include mergers & acquisitions, technological advancements, collaborations, partnerships, product launches, regional expansion, product portfolio development, product innovation, etc. Furthermore, the real time health monitoring devices market is poised to witness the introduction of new technologies and devices owing to the expected influx of new players. This, in turn, is projected to amplify the competition in the market among the participants.
Real Time Health Monitoring Devices Market Segmentation:
On the basis of type, the global real time health monitoring devices market has been segmented into connected home health medical devices and wearable devices.
Connected home health medical devices sub segmented into
• Blood Pressure Monitors
• Glucometers
• Pulse Oximeters
• Other Medical Devices
Wearable devices sub segmented into
• Fitness Bands
• Head Bands
• Smart Watch
• Smart Clothing
Based on end-user, the market has been segmented into hospitals, ambulatory centers, clinics, and others. Among these, the hospitals segment was valued at USD 14,033.3 Mn in 2018 and is projected to exhibit remarkable growth over the next few years.
Browse full research report spread across 120 pages with 59 data tables and 25 figures “Real Time Health Monitoring Devices Market Research Report – Global Forecast till 2025” with table of content (TOC) at: https://www.marketresearchfuture.com/reports/real-time-health-monitoring-devices-market-3564
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 – Americas, the Middle East & Africa (MEA), Europe, and 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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