The Digital Health Monitoring Devices Market Is Expected To Reach The Value Of Usd 15.35 Billion By The Year 2029, At A Cagr Of 18.87% During The Forecast Period. T
The Digital Health Monitoring Devices Market and Size
In recent years, due to the world's rapidly growing population and the prevalence of chronic diseases, there has been a growing need to expand healthcare access infrastructure, as well as the cost benefits of telehealth and remote patient monitoring technology. Chronic diseases account for 90 percent of total healthcare costs in the United States each year, according to the Centers for Disease Control and Prevention (CDC). These costs can be significantly reduced by implementing remote patient monitoring systems, which is expected to propel market growth.
Digital Health Monitoring Devices Market Dynamics
Drivers
- Wearable patient monitoring devices are becoming increasingly popular.
Wearable patient monitoring devices, biosensors, and smart implants are used for a variety of purposes, including continuous glucose monitoring, temperature monitoring, blood pressure monitoring, and pulse oximetry. The Internet of Things technology is built into next-generation wearable devices. Wearable biosensors measure vital signs such as blood pressure, weight, blood sugar, and electrocardiography (ECG), which are then transmitted to a central server via mobile wireless networks.
Opportunities
In recent years, rising healthcare costs, particularly in hospital settings, have shifted attention to alternative methods of treatment, such as home healthcare. As a result, there is an increased demand for effective home-use devices such as thermometers, pulse oximeters, weight scales, ECG monitors, event monitors, EEG recorders, and foetal monitors. The current healthcare system's sustainability is a major source of concern for governments all over the world.
Restraints/Challenges
Shortages of healthcare industry professionals, as well as unfavourable reimbursement policies, are expected to impede market growth during the forecast period.
This digital health monitoring devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital health monitoring devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Request Access for Digital Health Monitoring Devices Market Sample Report:
Digital Health Monitoring Devices Market Scope
The digital health monitoring devices market is segmented on the basis product, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Device
- Software
- services
- others
On the basis of product, the digital health monitoring devices market is segmented into device, software and services. Device segment is sub-segmented into vital signs monitoring devices, glucose monitoring devices, sleep monitoring devices, foetal monitoring and obstetric devices, and neuro-monitoring devices. Software segment is sub-segmented into healthcare apps, chronic disease apps, personal health apps and others. Services segment is sub-segmented into remote monitoring, consultancy services and others.
End User
- Hospitals
- Clinics
- Ambulatory surgical centres
- Homecare settings
- Others
On the basis of end user, the digital health monitoring devices market is segmented into hospital, clinics, ambulatory surgical centres, homecare settings and others.
Type
- Tele-health
- EHR/EMR
- M-health
- Wireless health
- Others
On the basis of type, the digital health monitoring devices market is segmented into tele-health, EHR/EMR, m-Health, wireless health and others.
Competitive Landscape and Digital Health Monitoring Devices Market Share Analysis
The Digital Health Monitoring Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Digital Health Monitoring Devices market.
Key Players Digital Health Monitoring Devices Market
- Medtronic (Ireland)
- Boston Scientific Corporation (US)
- NEVRO CORP (US)
- Cyberonics, Inc. (US)
- Inspire Medical Systems, Inc. (US)
- SPR Therapeutics (US)
- ALEVA NEUROTHERAPEUTICS SA (Switzerland)
- Bioness Inc. (US)
- ReShape Lifesciences, Inc. (US)
- LivaNova PLC (UK)
- NeuroPace, Inc. (US)
Get Full Access of Report @ https://www.databridgemarketresearch.com/reports/global-digital-health-monitoring-devices-market
Digital Health Monitoring Devices Market Regional Analysis/Insights
The countries covered in the Digital Health Monitoring Devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Research Methodology: Global Digital Health Monitoring Devices Market
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-health-monitoring-devices-market
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sopan.gedam@databridgemarketresearch.com
