We are monitoring the impact of COVID-19 on Digital Health Monitoring Market Get in touch with us for detailed analysis Know More
Pulished Date February, 2021
ID: 11020
Share on
Share on

Global Digital Health Monitoring Market Size, Share, Trends, Growth and COVID-19 Analysis Report – Segmented By Product and Region – Industry Forecast (2020 to 2025)

Pulished: February, 2021
ID: 11020
Pages: 190

Digital Health Monitoring Market Size (2020 to 2025)

The global digital health monitoring market size is forecasted to be growing at a CAGR of 27.2% CAGR between 2020 to 2025.

Digital health monitoring devices play an important role in monitoring people suffering from long-term diseases like cancer and others. These devices are successfully developed using the internet or smartphone-enabled applications, which are mainly useful in decision making and symptom management.

MARKET DRIVERS:

The adoption of telemedicine and fitness-related applications is likely to flourish the growth rate of the global digital health monitoring market. In 2019, the number of smartphone users using health and fitness applications was 68.7 million where it is estimated that the number of users will increase by 27.2% in 2021, particularly in the US. It is anticipated that the number of health and fitness app users will be around 84 million through 2022.

Also, rising COVID 19 cases everywhere and prevalence to adopt digital healthcare services to stay safe bolstered the market demand. Increasing incidences of infectious diseases worldwide is certainly a major factor for the market to grow tremendously. Growing expenditure on healthcare and rising awareness even in remote areas are merely leveraging the demand of the digital health monitoring market. The rapid adoption of the latest technologies in the healthcare domain is elevating the market’s growth. The increasing production rate of smartphones and the introduction of various health and fitness applications are accelerating the growth rate of the market.

Digital health monitoring services are efficient in helping caregivers, healthcare professionals, and patients, which is a dominant factor for growing tremendously. Also, the growing cost of the advanced treatment procedures is anticipated to propel the market's demand. The government's launch of reimbursement policies in favor of the common people is escalating the growth rate of the digital health monitoring market.

MARKET RESTRAINTS:

However, the lack of skilled people in utilizing digital devices, especially in rural areas, is likely to impede the demand of the market. Also, reluctance to adopt innovative technologies in undeveloped countries limits the growth rate of the digital health monitoring market. Also, rising concern towards privacy is restraining the growth rate of the global digital health monitoring market.

COVID 19 impact on the digital health monitoring market:

COVID-19 is a deadly disease that disrupted every sector in an unprecedented way. COVID 19 outbreak is a boom for the digital health monitoring market. The market shares were increased abruptly during the pandemic. Due to lockdown restrictions and a ban on flights across the world, there is a huge demand for the adoption of digital healthcare services. These devices helped healthcare professionals and caregivers during these tough times in various ways. The world is fighting against the COVID 19, where top companies are thriving hard to increase their supply chains. There is an increase in the demand for fitness applications to maintain a healthy diet to stay safe. The digital health monitoring market is expected to have a significant growth rate in the coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Product and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities and COVID-19 impact

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This market research report on the global digital health monitoring market has been segmented and sub-segmented into the following categories.

Digital Health Monitoring Market - By Product:

  • Digital Healthcare Devices
    • Blood Glucose Monitors
    • Blood Pressure Monitors
    • Ecg Monitors
    • Neurological Monitors
    • Oximeters
    • Peak Flow Monitors
    • Multi-Parameter Monitors
    • Sleep Apnea Monitors
    • Others
  • Digital Health Software
    • Chronic Disease Apps
    • Healthcare Apps
    • Personal Health Apps
    • Others
  • Digital Health Service
    • Remote Patient Monitoring
    • Fitness and Wellness Services
    • Diagnosis and Consultation Services
    • Prevention Services
    • Others

Based on the product, the digital healthcare devices segment is currently leading with the dominant shares of the market owing to the recent COVID-19 boom and Y-O-Y growth in chronic diseases. Growing awareness over the benefits of these devices to monitor the heart rate and blood pressure are further leveraging the demand of this segment.

The digital healthcare software segment is forecasted to hike at a significant rate during the forecast period. The easy availability of the internet of things in the developed and developing countries is a key driving factor for the market to grow. Increasing investments in the development of healthcare services online are escalating the growth rate of this segment. mHealth and telehealth are some of the digital healthcare technologies estimated to have significant growth rates in the coming years. The rising number of COVID-19 patients across the world is lavishing the demand for the use of these services, which is boosting up the growth rate of these segments.

The digital health service segment is estimated to witness lucrative growth opportunities during the forecast period. The remote patient monitoring segment is to have the highest growth rate in the foreseen years.

Digital Health Monitoring Market - By Region:

  • North America
    • The United States
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia
    • New Zealand
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America
  • The Middle East and Africa

Geographically, the North American market held the leading share in the global digital health monitoring market in 2019 due to increasing incidences of chronic diseases. Rising disposable income and increasing funds from private and public organizations are leveling up the market demand in this region. The U.S. market is holding with the highest shares of the digital health monitoring market. Adoption of the latest technologies and launch of innovative products in favor of the end-users are likely to fuel the demand of the market to the extent.

The European market is next in leading the significant shares of the market with the constant economic growth. Rising awareness through digital platforms and the launch of various health applications in smartphones bolstered the demand of the market in this region. UK and Germany are the major countries contributing the largest shares for the market.

The Asia Pacific market is estimated to have the highest CAGR in the coming years with the rising geriatric population. Rising R&D activities in the healthcare domain are elevating the growth rate of the market in this region.

NOTABLE PLAYERS IN THIS MARKET:

Medtronic, Inc., Apple, Inc., Sanofi, Mobisante, Inc., AirStrip Technologies, Inc., AliveCor, Inc., LifeWatch AG, Nike Inc., Koninklijke Philips N.V., Johnson & Johnson, Jawbone, Omron Corporation are some of the dominating companies leading the global digital health monitoring market.

RECENT MARKET DEVELOPMENTS:

  • In April 2020, Phillips launched a national portal to exchange data of the COVID 19 patients in the Netherlands. This launch is estimated to increase the product portfolio of the company.
  • In June 2019, Allscripts acquired ZappRx, which is a digital health start-up company. This acquisition strengthened the company’s position in the market and also expanded its customer-based revenue eventually.
  • In September 2018, Google and Amazon collaborated and invested in Aiva health to connect the patients and caregivers. Aiva Health is a start-up healthcare company that provides voice-powered healthcare assistance for seniors.
  1. Introduction
    1. Digital Health Monitoring Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Digital Health Monitoring Market Drivers
    2. Digital Health Monitoring Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Digital Health Monitoring Market Segmentation
    1. By Product
      1. Digital Healthcare Devices
        1. Blood Glucose Monitors
        2. Blood Pressure Monitors
        3. Ecg Monitors
        4. Neurological Monitors
        5. Oximeters
        6. Peak Flow Monitors
        7. Multi Parameter Monitors
        8. Sleep Apnea Monitors
        9. Others
      2. Digital Health Software
        1. Chronic Disease Apps
        2. Healthcare Apps
        3. Personal Health Apps
        4. Others
      3. Digital Health Service
        1. Remote Patient Monitoring
        2. Fitness and Wellness Services
        3. Diagnosis and Consultation Services
        4. Prevention Services
        5. Others
      4. Y-o-Y Growth Analysis, By Product
      5. Digital Health Monitoring Market Attractiveness Analysis, By Product
      6. Digital Health Monitoring Market Share Analysis, By Product
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Product
      4. Digital Health Monitoring Market Attractiveness Analysis 
        1. By Geographical Area
        2. By Product
      5.      Digital Health Monitoring Market Share Analysis              
        1. By Geographical Area
        2. By Product
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Digital Health Monitoring Market Leaders' Analysis
    1. Medtronic, Inc.
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Apple, Inc.
    3. Sanofi
    4. Mobisante, Inc.
    5. AirStrip Technologies, Inc.
    6. AliveCor, Inc.
    7. LifeWatch AG
    8. Nike Inc.
    9. Koninklijke Philips N.V.
    10. Johnson & Johnson
    11. Jawbone
    12. Omron Corporation
  9. Competitive Landscape
    1. Digital Health Monitoring Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Digital Health Monitoring Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the areas that are still untapped.
  • The segment-level analysis in terms of product along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, essential financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations with a strong financial foothold in the market.

Digital Health Monitoring Market

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample