Real Time Health Monitoring Devices Market Broadening Over 2022 - GE Healthcare, Qualcomm, Jawbone Inc., Withings SA, Fitbit Inc., Garmin Ltd. Etc.

According to Market Research Future's (MRFR) latest market report on the subject, the Real-Time Health Monitoring Market is set to grow at a thriving CAGR of 14.29% during the forecast period of 2016 to 2022 and is expected to value an approximate USD 67.98 billion by the end of 2022.

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.

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)

Industry News:

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.

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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 – Insights

Recent trends have seen increasing adoption of smartphones and compatible wearable devices which have effectively driven considerable growth for the global real-time health monitoring devices market.

Awareness regarding this technology is yet to be widely spread, and as such applications for these devices continue to grow and present opportunities. Health issues are often private, and confidential matters which patients may be worried is insecure when using real-time health monitoring devices. Additionally, the low literacy rate and language barriers in underdeveloped or developing countries is a key challenge for this market. However, due to the unrealized potential of this market and the ongoing development of inclusive real-time health monitoring devices is expected to address these issues in the coming years and overall affect positive growth for the market.

Global Real Time Health Monitoring Devices Market - Segments

The Global Real-Time Health Monitoring Devices Market has been analyzed by segmentation based on type, end-user, and region.

By type, the market has been divided to include wearable devices, home health medical devices. Further sub-segmentation includes:

Wearable devices - fitness bands, head bands, smart watch, smart clothing and others.

Home health medical devices - blood pressure monitors, glucometers, pulse oximeters, and other medical devices.

Due to the current fitness trends wearable devices possesses the most significant market share which is expected to value an estimated $16.19 billion by 2022.

By end-user, the market has been segregated into hospitals, clinics, ambulatory centers and homecare settings. Of these, hospitals hold a majority share of the total market which is expected to value approximately $8.78 billion by 2022.

By region, the global market is divided into North America, Europe, Asia Pacific, and the Middle East & Africa.

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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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