Smart Health Devices Market Cost Analysis, Strategy and Growth Factor Report 2019| NeuroMetrix, Inc., Fitbit etc.

Smart Health Devices Market

The global smart health devices market was valued at USD 3,900 million in 2018 and is expected to grow at a CAGR of 24.2% during the forecast period, 2019–2026.

Smart health devices are used for diagnosis and monitoring of various chronic diseases such as hypertension and diabetes. Constantly growing prevalence of chronic diseases and cardiovascular diseases is increasing the demand for monitoring devices.  For instance, more than 17 million people have died from cardiovascular diseases worldwide, WHO. Rapidly growing technological advancements and rising trend for fitness are compelling existing market players such as Fitbit, Inc., Apple, Inc., and Medtronic to offers fitness accessories at reasonable prices to boost their revenue and maintain a customer base. Apart from this, shifting consumers’  preference towards IoT medical devices is driving the demand for smart health devices. In 2017, Medtronic launched Azure S MRI pacemaker for the treatment of bradycardia.

This can be attributed to rising prevalence of heart diseases across the globe, and it is one of the leading causes of death in the U.S. Every year, approximately 735,000 Americans suffers from heart attack.  In line with this, the market has started witnessing a huge surge in demand for wearable, portable monitors, remote patient monitoring, and telemetry. Apart from meeting the trending demand, the market players are also paying significant attention to developing robust technology that can enhance accuracy and speed, compactness, and ease of use. Recently, Abbott has launched a smartphone-connected implantable cardiac monitor device named ‘Confirm Rx.’ The device can remotely monitor unpredictable heart rhythm problems and offer fast and accurate diagnoses. When it comes to health, people are not hesitating to spend on premium health care and devices. The U.S expends over USD 10,224 per person on healthcare, NHCE.

North America is holding the dominant position in the global smart health devices market. The region has few well-established economies like Canada and the U.S. that significantly contributes to the regional market as these countries have greatly adopted advanced technologies and healthcare devices. In addition, the countries have established healthcare sector and infrastructure, which can easily cater to consumer demand.  From the past few years, North America has been witnessing considerable surge in the prevalence of several chronic diseases like diabetes, cancer obesity, and hearing loss. This has compelled people to opt for smart devices that can easily monitor their various health parameters like blood pressure and heart rate, among others. The U.S. government is also taking initiatives and investing a huge sum in improving its research infrastructure for boosting the adoption of high-quality smart health care devices.
The country invests over 7% of its GDP in research and development to develop innovative product and improve existing healthcare services. Apart from this, numerous private players are putting efforts to improve the situation and meet growing demand for smart health device. Recently, Nokia launched a wireless blood pressure monitor device named ‘Nokia BPM+’ which can offer the highest possible accuracy and instant color-coded results.

Obtain Brochure For Latest Technology Advancements @ 
https://straitsresearch.com/report/smart-health-devices-market/request-sample

The Major Prominent Players Covered in this Report:
NeuroMetrix, Inc., Fitbit, Inc., Abbott, Apple, Inc., Dexcom, Inc., Zephyr, Sonova, F. Hoffmann-La Roche Ltd, Medtronic, and Johnson & Johnson. & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

By Product, Diagnostic & Monitoring, Blood glucose monitors, Heart rate monitors, Pulse oximeters, Blood pressure monitors, Breath analyzer, Medical tricorder, Smart clothing, Therapeutic Devices, Portable oxygen concentrators and ventilators, Insulin pumps, Hearing aid, Others
By Sales Channel, Pharmacies, Online channel, Others
By End-user, Hospitals, Clinics, Homecare, Others

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ https://straitsresearch.com/report/smart-health-devices-market/toc

Key Smart Health Devices Market Trends:
- The report identifies, determines, and forecasts the Global Smart Health Devices Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Smart Health Devices Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Smart Health Devices Market.

Key Questions Answered in The Report:
What will the Smart Health Devices market growth rate?
What are the key factors driving the global Smart Health Devices market?
Who are the key manufacturers in the Smart Health Devices market space?
What are the market opportunities, market risk, and market overview of the Smart Health Devices market?
What are sales, revenue, and price analysis of top manufacturers of the Smart Health Devices market?
Who are the distributors, traders, and dealers of the Smart Health Devices market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Smart Health Devices Industry?
What are sales, revenue, and price analysis by regions of Smart Health Devices industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Our Report Covers
Historical inferences, findings & analysis of the market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects

Browse Full Report @ 
https://straitsresearch.com/report/smart-health-devices-market/

Even if your business is a multinational venture or a single storefront, we believe innovation is the key to progress, in both what you build and how you promote your products and brands.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/smart-health-devices-market/global/

So let's put our minds together. We'll make your vision a reality and help you grow.

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enables us to determine greater insights by eliminating the research costs.

This release was published on openPR.