Real Time Health Monitoring Device Market to Post Nearly 14.3% CAGR to 2022, Expects MRFR in Its Insightful Report Available at MarketPublishers.com
09 Jun 2017 • by Natalie Aster
LONDON – Worldwide, the market for real time health monitoring devices was estimated at around USD 30.6 billion as of 2016 and is poised to surpass the USD 67.98 billion mark by 2022, posting nearly a 14.3% CAGR to 2022.
The major factors propelling the market growth include the growing use of smartphones and wearables in the healthcare industry, cost efficiency and convenience of use of these devices alongside the surging use of smart devices for health management, amid others. Meantime, the dearth of awareness about the potential applications of real time health monitoring devices and unwillingness to share information pertaining to health, etc. act as the key barriers to the growth of the sector.
Based on types, the wearable devices sector captured the biggest market share (59.51%) in 2016.
Region-wise, North America captures the lion’s share (just under 39.1%) of the overall real time health monitoring device market as of 2016.
Garmin, E Healthcare, Withings SA, Qualcomm, Jawbone, Fitbit, amid others, are the top players in the market space.
Insightful market research report “Global Real Time Health Monitoring Devices market – Estimation & Forecast, 2013-2022” created by Market Research Future (MRFR) offers a comprehensive analysis of the marketplace, focusing on the current status of the market and speculating on its future trends and opportunities.
The report cavasses the market dynamics, covering the factors affecting the growth of the market; offers detailed market segmentation by type, end user, and regions-wise; contains Porter’s five forces analysis, an analysis of the value chain, etc. The research provides revenues (historical and forecast) for the market segments and sub-segments pertaining to regional markets and their nations. The study gives an all-round assessment of the competitive scenario and provides detailed profiles of the 6 leading players in the market covering their businesses, core competencies, etc. Additionally, a detailed analysis of the economic factors influencing the world real time health monitoring devices market is included in the study.
More insightful research reports created by MRFR can be found at its page at MarketPublishers.com.