Real Time Health Monitoring Devices Market with Top 10 Key Vendors Like GE Healthcare, Qualcomm, Jawbone Inc., Withings SA, Fitbit Inc., Garmin Ltd. Etc. By 2022

Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2022. According to MRFR, the global Real-Time Health Monitoring Devices market gaining further prominence will register a spectacular growth of USD 67,982.2 million by 2022, posting a striking 14.29% CAGR during 2016 – 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)

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 – Insights

Real-Time Health Monitoring Devices market, although in its embryonic stage, is still witnessing an outstanding growth over the past couple of years. This growth attributes to the ability of these devices in the field of flexible health monitoring and management providing real-time analysis of the patient’s health parameters efficiently. Growing population, increasing awareness & inclination among people towards keeping good health coupled with the augmenting uptake of these devices fueled by the improving conditions & growing influence of media industry; such factors are fostering the market growth to an extent.

Although, every device, among the various types of devices available in the market space, has its own set of pros & cons, all these Real-Time Health Monitoring Devices are proving to be effective. Increasing usages of the internet coupled with the proliferation of IoT in the medical sector are increasingly providing good outcomes in patients; making real-time patient tracking, monitoring and drug management possible. Therefore, the Real-Time Health Monitoring devices market is expanding pervasively.

Industry News:

Oct 2018 One Drop, a digital health company has stepped up its offerings by pairing its diabetes management monitoring system with the Apple Watch. The pairing makes the One Drop system the only wireless blood glucose monitoring system to connect directly to Apple Watch. The move comes soon after One Drop, and Companion Medical integrated their platforms to provide users with a more useful set of data on the app of their choice.

Oct 2018 Caretaker Medical has received FDA Clearance for expanded features of their Remote Monitoring Display App and Software Integration Library. The Caretaker4 App now cleared to run on ‘off the shelf’ mobile devices and tablets and adds a number of additional monitoring controls and features such as visual and audible patient alarms, data encryption, secure data forwarding, and remote software updates.

March 8, 2018 – A team of researchers from the US submitted the study for a prototype device they have developed using embedded sensors technology. The device is designed to take real-time blood pressure readings using a smartphone. With the help of this kind of a device, rates of blood pressure measurement will surely improve in the future.

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 - Regional Analysis

The North America market is expected to dominate the global Real-Time Health Monitoring Devices market with the significant market share. Growing prevalence of disorders such as obesity are contributing to the growth of the regional market. The market is expected to grow to USD 9,423.8 million by 2022 at 14.29% during the forecast period.

While the Asia-Pacific market is expected to be the fastest growing market for Real-Time Health Monitoring Devices. The market is expected grow at 14.64% during the forecast period (2016 -2022).

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