Real-time Health Monitoring Devices Market Business Strategies And Opportunities With Key Players Analysis 2019-2025

The global real-time health monitoring devices market is foretold to achieve growth as the need for advanced patient monitoring and better disease management increases. With the rise in the prevalence of chronic diseases, there has been an increased demand for real-time health monitoring solutions. Manufacturers are expected to shift their focus to untapped markets, especially in emerging countries, for further increasing their profits and sales.

Companies could continue to introduce new products to maintain their foothold in the global real-time health monitoring devices market. In July 2019, Withings, a French provider of smart scales, fitness trackers, hybrid smartwatches, and health monitors, added two new at-home blood pressure monitors, viz. BPM Core and BPM Connect to its cardiovascular product portfolio.

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Companies to Launch New Products to Attract Investment from Healthcare Firms

Some of the popular companies operating in the global real-time health monitoring devices market are Qualcomm, Withings, Jawbone, Fitbit, Wipro, GE Healthcare, and Garmin. With a view to have a competitive edge over other participants in the global market, players are prophesied to launch innovative products, work toward business expansion, and enter into partnership, collaboration, and acquisition agreements. Investment from healthcare companies could help players to increase their revenue and introduce more advanced products in future.

In July 2019, BioIntelliSense, a US provider of continuous health monitoring solutions through its medical-grade data services platform, received a major strategic investment from Fresenius Medical Care North America, a provider of renal failure and chronic kidney disease solutions for healthcare professionals.

By Type

● Wearable Devices

● Home Health Medical Devices

By Application

● Hospital

● Clinics

● Ambulatory Centers

● Others

Among the main types of real-time health monitoring devices, wearable devices are projected to account for a substantial market share because of the rising trend of using wearable technology. The advent of high-tech wearable fitness devices could also work in the favor of the market segment. According to analysts, hospital is forecast to attract a remarkable share of the global real-time health monitoring devices market because of factors such as high demand and increased use of health monitoring devices.

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