Digital Patient Monitoring Device Market Trends and Growth Opportunities Greg Bird Youth Jersey , 2026 by sarajames · July 2, 2019
The global聽Digital Patient Monitoring Devices Market聽size is expected to reach USD 272.6 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 27.9% during the forecast period. Rising prevalence of chronic conditions such as diabetes and hypertension is anticipated to drive the demand for real time patient monitoring for the management of these disorders. Digital monitoring platforms help in continuous patient monitoring, along with providing remote access to patient data and further reducing the clinical decision time.
Availability of mobile and telehealth applications for users is growing at a rapid rate Giancarlo Stanton Youth Jersey , especially healthcare apps that assist consumers in self-management of disease, wellness, and chronic conditions. The increased patient role and importance in staying updated and informed about their own healthcare decisions, is contributing to the rise in adoption of digitized patient monitoring devices.
The mHealth segment is expected to expand significantly due to the high acceptance of products such as smart watches, smart bands DJ LeMahieu Youth Jersey , and clips. In May 2019, the Scripps Research Translational Institute expanded its mHealth study aimed at enhancing care management for pregnant women by launching POWERMOM, a digital health platform that combines an mHealth app and patient generated data from wearables to offer a better understanding in all stages of pregnancy.
Key players of digital patient monitoring device market are undertaking various strategic initiatives to sustain the competition. These initiatives include collaborations, mergers, acquisitions Gary Sanchez Youth Jersey , and new product launches. For instance, in November 2015, Vital Connect signed an agreement with Omron Healthcare Co. to distribute HealthPatch MD in Japan. This agreement helped the company increase its geographical presence as well as market penetration.
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Further key findings from the report suggest :
In 2018, wearable technology held majority of share in the technology segment Troy Tulowitzki Youth Jersey , followed by mHealth technology. Physicians are increasingly recommending the usage of mHealth apps to their patients, driving the adoption of mHealth apps Diagnostic devices led the product segment due to the rise in consumer awareness along with acceptance of digital patient monitoring utilities among caregivers North America led the digital patient monitoring device market in 2018 in terms of revenue share pertaining to the presence of major market players in the region Asia Pacific is expected to witness significant growth over the forecast period, attributed to rapid economic development coupled with untapped demand from huge population Key market players include Omron Corporation; AT&T, Inc.; Philips Healthcare; Airstrip Technologies; Athenahealth, Inc.; St. Jude Medical; Welch Allyn; Medtronic Plc; GE Healthcare; Fitbit Mariano Rivera Youth Jersey , Inc.; Garmin; Vital Connect; ResMed; and Zephyr Technology Corporation
Grand View Research has segmented the global digital patient monitoring device market based on type and region:
Digital Patient Monitoring Devices Type Outlook (Revenue, USD Million, 2015 – 2026)
Digital Patient Monitoring Devices Regional Outlook (Revenue Alex Rodriguez Youth Jersey , USD Million, 2015 – 2026)
North America U.S. Canada Europe U.K. France Germany Italy Spain Asia Pacific Japan China India Latin America Brazil Mexico Middle East & Africa South Africa Saudi Arabia
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16.01.2020 04:02
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