Worldwide Digital Health Monitoring market survey report has been generated with the systematic gathering and evaluation of market information for the Healthcare industry which is presented in a form that explains various facts and figures to the business. This market research report contains a thorough analysis of the market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche markets. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate an advanced and all-inclusive Digital Health Monitoring market report.
More Insights into the Digital Health Monitoring Market
The name implies that digital health monitoring devices are medical devices used to monitor the health of patients suffering from one or more diseases. The digital health monitoring devices use medical software that healthcare providers can easily access for patient-generated health data (PGHD).
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.
Data Bridge Market Research analyses that 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.
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The widespread Digital Health Monitoring market document offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. Market definition covered in this advertising report studies the market drivers and market restraints with which businesses can get an idea of whether to increase or decrease the production of a particular product.
Leading Market Players of the Industry
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.
Some of the major players operating in the digital health monitoring devices market are
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)
Synapse Biomedical Inc. (US)
Soterix Medical Inc. (US)
Accellent Technologies, Inc. (US)
Abbott (US)
Bioventus (US)
Soterix Medical Inc. (US)
Integer Holdings Corporation (US)
Digital Health Monitoring is a professional and in depth market report that focuses on primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis of Healthcare industry. It shows that the rise in market value is generally attributed to the rising growth of the applicable industries and the subsequent rise in demand of applications. This market analysis report gives an examination of various segments that are relied upon to witness the quickest growth amid the approximate forecast frame. The competitive landscape section of the global Digital Health Monitoring market report brings into light a clear insight about the market share analysis of major industry players.
Get More Valuable Insights – Segmentation
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
By Region, The Market is Segmented as
The digital health monitoring devices market is analysed and market size insights and trends are provided by country, product type, type and end users as referenced above.
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.
North America dominates the digital health monitoring devices market in terms of market share and revenue, and this dominance is expected to continue throughout the forecast period. This is due to an increase in the prevalence of neurological disorders. Asia-Pacific, on the other hand, is expected to grow at the fastest rate during the forecast period due to rising research and development capabilities, an increasing rate of pregnancy, rapidly developing healthcare IT infrastructure, and an ever-increasing geriatric population.
COVID-19 Impact on Digital health monitoring devices Market
As a result of the pandemic, access to customers to sell and implement patient monitoring devices (such as neuromonitoring devices and weight monitoring devices) decreased during March 2020 and throughout the second quarter of 2020, as hospitals became primarily focused on the COVID-19 pandemic. Because of the pandemic, there has been a significant increase in demand for remote monitoring and patient engagement solutions. COVID-19 has resulted in a significant increase in demand for patient monitoring systems, with manufacturers increasingly focusing on expanding production to meet the growing demand for respiratory monitoring devices, multi-parameter monitoring devices, blood glucose monitoring devices, cardiac monitoring devices, temperature monitoring devices, hemodynamic/pressure monitoring devices, and fetal/neonatal monitoring devices. Furthermore, the market for neuromonitoring devices is expected to recover its losses in the near future.
Recent Development
Philips and BioIntelliSense announced a strategic collaboration in July 2020 to improve remote patient monitoring solutions. Philips incorporated the latter’s BioSticker device into its portfolio of remote patient monitoring (RPM) devices, which monitor chronic conditions.
BioTelemetry acquired the On.Demand remote patient monitoring (RPM) platform operated by Envolve People Care Inc., a Centene Corporation subsidiary, in July 2020. This acquisition adds chronic remote patient monitoring solutions to BioTelemetry’s current portfolio of acute care connected health products and services, with a focus on diabetes, hypertension, and chronic heart failure.
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Key Pointers Covered in Psychedelic Drugs Market Industry Trends and Forecast to 2029
Market Size
Market Standards and Changes
Market Trials in Different Regions
Market Requirements in Different Regions
Market Shares in Different Regions
Recent Developments for Market Competitors
Recent Market Value for Different Regions
Sales Data for Market Competitors
Key Vendors and Disruptors Study
Supply Chain Competitiveness
Value Chain Analysis
Detailed Table of Content Available @ https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-health-monitoring-devices-market&AC
The Digital Health Monitoring Market Report gives answers to the following questions:
- What market segments are covered in the Digital Health Monitoring Market report?
- Who are the major players operating in the Digital Health Monitoring Market?
- What is the future market value for Digital Health Monitoring Market?
- What is the growth rate of the Digital Health Monitoring Market?
- What are the major countries covered in the Market?
- Which are the major market drivers for Digital Health Monitoring Market?
- What are the upstream raw materials and manufacturing equipment of Digital Health Monitoring along with the manufacturing process of Digital Health Monitoring?
- Economic impact on the Digital Health Monitoring industry and development trend of the Digital Health Monitoring industry.
- What are the market opportunities, market risk, and market overview of the Digital Health Monitoring market?
Research Methodology: Global Digital Health Monitoring Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by the 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, 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.
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