The global digital health monitoring market is expected to reach USD 254.7 billion by 2024 from USD 19.8 billion in 2016, growing at a CAGR of 38.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The global digital heath monitoring market is segmented based on product types into 3, namely digital health devices, digital health software and digital health services. The digital health devices market includes mobile devices and is further segmented into blood glucose monitors, ECG monitors, blood pressure monitors, oximeters, peak flow monitors, neurological monitors, sleep apnea monitors, multi parameter monitors, and others. Blood glucose monitors is expected to grow at the highest CAGR due to the increasing prevalence and risk of diabetes in the global market especially U.S. However the increasing awareness and health concern among the population in developed countries is expected to drive this market.
The global digital heath monitoring market is segmented based on product types into 3, namely digital health devices, digital health software and digital health services.
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The digital health devices market includes mobile devices and is further segmented into blood glucose monitors, ECG monitors, blood pressure monitors, oximeters, peak flow monitors, neurological monitors, sleep apnea monitors, multi parameter monitors, and others.
The digital health services market includes remote monitoring, diagnosis and consultation services, fitness and wellness services, prevention services and others. The software and services market is propelled by the acceptance of android and ios phones in developing markets.
Based on geography, the market is segmented into five geographical regions:
• North America
• South America
• Middle East and Africa.
The geographical regions are further segmented into 29 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others.
Digital health products are shifting the continuous monitoring market from healthcare professionals to consumers hence creating an entirely new market scope. The digital health monitoring market is helping the healthcare monitoring from diagnosis to predictive approach. Consumers get control of the device and the continuous data management, provided with miniaturization, portability, its wireless component, noninvasive body sensors, and integration with the smartphone, decreasing the physician vists for regular checkups. The big issue of this market is no reimbursement so for the manufacturers it’s a concern that who will the payer in this market, hence somewhat restraining the market growth. However with cheaper and more effective technologies coming in the market the constraint with reimbursements will be controlled.
Some of the major players operating in this market are
• Medtronic, Inc.
• Apple, Inc.
• Mobisante, Inc.
• AirStrip Technologies, Inc.
• AliveCor, Inc.
• LifeWatch AG
• Nike Inc.
• Koninklijke Philips N.V.
• Johnson & Johnson
• Omron Corporation
• BioTelemetry Inc.
• athenahealth, Inc.
• AgaMatrix, Inc.
• iHealth Lab, Inc.
• AT&T, Qualcomm
• Cerner Corporation
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