Market Overview:
The global real-time health monitoring equipment market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in healthcare sector. The global real-time health monitoring equipment market is segmented on the basis of type into wearable devices, mobile health medical equipment, fixed health medical equipment, and other types. The wearable devices segment is expected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for fitness trackers and smartwatches across the globe. The mobile health medical equipment segment is expected to grow at a CAGR of 10% during the forecast period from 2018 to 2030 due its growing demand for point-of-care testing (POCT) and mHealth apps among healthcare providers worldwide. The fixed health medical equipment segment accounted for majority share (~64%) of total revenue generated by real time heath monitoring equipments in 2017 owing its widespread adoption among hospitals & clinics across different regions globally . However ,the ambulatory centers subsegment within this category i s projected t o witness highest growth rate over th e next decade owing t o th e increasin g preference f or outpatient care settings over traditional hospitalization procedures . Other type s include implantable devices an d laboratory equipments .
Product Definition:
Real-time health monitoring equipment refers to the various tools and technologies used to continuously monitor a patient's health in real time. This type of monitoring can be critical for patients with chronic conditions, such as heart disease or diabetes, as it allows doctors and caregivers to intervene quickly if a problem arises. Real-time health monitoring can also help reduce the number of hospital visits and improve patient outcomes.
Wearable Devices:
Wearable devices are portable, self-contained medical devices that can be directly worn on the body. They are used for real-time monitoring of vital health parameters such as blood pressure, glucose levels and other related data. These wearable devices have gained popularity owing to their ability to monitor and collect data without the need for hospital equipment or a healthcare professional's intervention.
Mobile Health Medical Equipment:
Mobile health medical equipment is the technology based on real-time health monitoring. It includes devices such as smartwatches, activity trackers, mobile diagnostic tools and patient monitors which are used to monitor a person's vital signs such as temperature, blood pressure and heart rate in the comfort of home or workplace. The other key areas where these devices are used include hospitals & clinics for remote patient monitoring and at-home care settings for chronic disease management.
Application Insights:
The hospitals segment dominated the global real time health monitoring equipment market in 2017. This can be attributed to factors such as high usage of advanced technology for patient care, rising prevalence of chronic diseases and demand for point-of-care testing. Furthermore, increasing investments by governments in the development of healthcare infrastructure are expected to boost growth over the forecast period. For instance, according to a study published by WHO in 2018, it is estimated that around USD 8 trillion will be invested globally during 2018-2030 for improving healthcare facilities and systems.
The clinics segment is anticipated to witness lucrative growth over the forecast period owing to an increase in demand for cost effective diagnostic solutions that help deliver better quality care with improved efficiency across various settings including primary care centers and emergency rooms among others at a lower cost while maintaining accuracy.
Regional Analysis:
North America dominated the global real time health monitoring equipment market in 2017. This can be attributed to increasing government funding for R&D, rising prevalence of chronic diseases, and high adoption rate of advanced technologies across this region. For instance, according to a study published by JAMA Network Open in June 2018, around 50 million people suffer from diabetes and its associated complications in the U.S., which is expected to increase over the forecast period.
Asia Pacific is expected to grow at an exponential rate during the forecast period owing to factors such as improving healthcare infrastructure & facilities along with growing awareness among end-users regarding benefits offered by RTHME devices such as improved patient care outcomes at lower costs.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. Real-time health monitoring equipment can help in early diagnosis and treatment of these diseases, which will help to reduce their impact on the population.
- Growing demand for home healthcare: There is a growing demand for home healthcare services due to the rising cost of hospitalization and lack of availability of quality healthcare services in rural areas. Real-time health monitoring equipment can be used to provide homecare services, thus helping patients to recover faster and reducing overall costs.
- Advances in technology: The development of new technologies has led to the introduction of real-time health monitoring equipment that are more accurate, reliable, and user-friendly than ever before. This is helping to increase adoption rates among consumers as well as medical professionals worldwide.
- . Rising awareness about personal health: There is a growing awareness among people about the importanceof personal healthandthe need for timely diagnosisandtreatmentofchronicdiseases .This has ledto anincreased demandforreal timehealthmonitoringequipment . 5.. Government initiatives: Governments aroundthe world are promotingthe useofreal timehealthmonitoringequipment through variousinitiatives such assubsidiesandtax breaks .Thisishelpingtodrivegrowthinthemarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Real Time Health Monitoring Equipment Market Research Report
By Type
Wearable Devices, Mobile Health Medical Equipment, Fixed Health Medical Equipment, Other
By Application
Hospitals, Clinics, Ambulatory Centers, Homecare Settings, Other
By Companies
GE Healthcare, Jawbone Inc, Withings SA, Garmin Ltd, Medtronic, Bayer HealthCare, BioTelemetry (CardioNet), Boston Scientific Corporation, DexCom, Dräger AG, GE Healthcare, FitBit, Fora Care Inc, iHealth Labs, Inc, Johnson & Johnson, LifeWatch AG, Masimo Corporation, Medisana AG, Omron Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Real Time Health Monitoring Equipment Market Report Segments:
The global Real Time Health Monitoring Equipment market is segmented on the basis of:
Types
Wearable Devices, Mobile Health Medical Equipment, Fixed Health Medical Equipment, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Centers, Homecare Settings, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Jawbone Inc
- Withings SA
- Garmin Ltd
- Medtronic
- Bayer HealthCare
- BioTelemetry (CardioNet)
- Boston Scientific Corporation
- DexCom
- Dräger AG
- GE Healthcare
- FitBit
- Fora Care Inc
- iHealth Labs, Inc
- Johnson & Johnson
- LifeWatch AG
- Masimo Corporation
- Medisana AG
- Omron Healthcare
Highlights of The Real Time Health Monitoring Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wearable Devices
- Mobile Health Medical Equipment
- Fixed Health Medical Equipment
- Other
- By Application:
- Hospitals
- Clinics
- Ambulatory Centers
- Homecare Settings
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Real Time Health Monitoring Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Real-time health monitoring equipment is a type of medical device that continuously monitors a patient's vital signs, such as heart rate, blood pressure, and oxygen levels. This information can be used to provide real-time feedback to the patient's doctor or nurse.
Some of the major players in the real time health monitoring equipment market are GE Healthcare, Jawbone Inc, Withings SA, Garmin Ltd, Medtronic, Bayer HealthCare, BioTelemetry (CardioNet), Boston Scientific Corporation, DexCom, Dr¤ger AG, GE Healthcare, FitBit, Fora Care Inc, iHealth Labs, Inc, Johnson & Johnson, LifeWatch AG, Masimo Corporation, Medisana AG, Omron Healthcare.
The real time health monitoring equipment market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Real Time Health Monitoring Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Real Time Health Monitoring Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Real Time Health Monitoring Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Real Time Health Monitoring Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Real Time Health Monitoring Equipment Market Size & Forecast, 2018-2028
4.5.1 Real Time Health Monitoring Equipment Market Size and Y-o-Y Growth
4.5.2 Real Time Health Monitoring Equipment Market Absolute $ Opportunity
Chapter 5 Global Real Time Health Monitoring Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Real Time Health Monitoring Equipment Market Size Forecast by Type
5.2.1 Wearable Devices
5.2.2 Mobile Health Medical Equipment
5.2.3 Fixed Health Medical Equipment
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Real Time Health Monitoring Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Real Time Health Monitoring Equipment Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Centers
6.2.4 Homecare Settings
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Real Time Health Monitoring Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Real Time Health Monitoring Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Real Time Health Monitoring Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Real Time Health Monitoring Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Real Time Health Monitoring Equipment Market Size Forecast by Type
9.6.1 Wearable Devices
9.6.2 Mobile Health Medical Equipment
9.6.3 Fixed Health Medical Equipment
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Real Time Health Monitoring Equipment Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Centers
9.10.4 Homecare Settings
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Real Time Health Monitoring Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Real Time Health Monitoring Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Real Time Health Monitoring Equipment Market Size Forecast by Type
10.6.1 Wearable Devices
10.6.2 Mobile Health Medical Equipment
10.6.3 Fixed Health Medical Equipment
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Real Time Health Monitoring Equipment Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Centers
10.10.4 Homecare Settings
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Real Time Health Monitoring Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Real Time Health Monitoring Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Real Time Health Monitoring Equipment Market Size Forecast by Type
11.6.1 Wearable Devices
11.6.2 Mobile Health Medical Equipment
11.6.3 Fixed Health Medical Equipment
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Real Time Health Monitoring Equipment Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Centers
11.10.4 Homecare Settings
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Real Time Health Monitoring Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Real Time Health Monitoring Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Real Time Health Monitoring Equipment Market Size Forecast by Type
12.6.1 Wearable Devices
12.6.2 Mobile Health Medical Equipment
12.6.3 Fixed Health Medical Equipment
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Real Time Health Monitoring Equipment Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Centers
12.10.4 Homecare Settings
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Real Time Health Monitoring Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Real Time Health Monitoring Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Real Time Health Monitoring Equipment Market Size Forecast by Type
13.6.1 Wearable Devices
13.6.2 Mobile Health Medical Equipment
13.6.3 Fixed Health Medical Equipment
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Real Time Health Monitoring Equipment Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Centers
13.10.4 Homecare Settings
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Real Time Health Monitoring Equipment Market: Competitive Dashboard
14.2 Global Real Time Health Monitoring Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Jawbone Inc
14.3.3 Withings SA
14.3.4 Garmin Ltd
14.3.5 Medtronic
14.3.6 Bayer HealthCare
14.3.7 BioTelemetry (CardioNet)
14.3.8 Boston Scientific Corporation
14.3.9 DexCom
14.3.10 Dräger AG
14.3.11 GE Healthcare
14.3.12 FitBit
14.3.13 Fora Care Inc
14.3.14 iHealth Labs, Inc
14.3.15 Johnson & Johnson
14.3.16 LifeWatch AG
14.3.17 Masimo Corporation
14.3.18 Medisana AG
14.3.19 Omron Healthcare
