Europe
Digital Health Monitoring Market, By Product Type (Devices (Blood Pressure
Monitors, Blood Glucose Monitors, ECG, Oximeters, Peak Flow Monitors, Multi
Parameter Monitors, Sleep Apnea Monitors, Neurological Monitors, Others),
Software (Healthcare Apps, Chronic Disease Apps, Personal Health Apps, Others),
Services (Remote Monitoring, Consultancy Services, Treatment Services, Fitness
and Wellness Services, Others), By Country (Germany, France, U.K., Spain,
Italy, Russia, Belgium, Turkey, Switzerland, Netherlands) – Industry Trends and
Forecast to 2024
Europe digital
health monitoring devices market is expected to grow at a CAGR of 35.8% from
2017 to 2024. The new market report contains data for historic years 2015, the
base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Digital
health products are shifting the continuous monitoring market from healthcare
professionals to consumers hence creating an entirely new market scope. The
digital health monitoring market is helping the healthcare monitoring from
diagnosis to predictive approach. Consumers get control of the device and the
continuous data management, provided with miniaturization, portability, its
wireless component, noninvasive body sensors, and integration with the
smartphone, decreasing the physician vists for regular checkups. The big issue
of this market is no reimbursement so for the manufacturers it’s a concern that
who will the payer in this market, hence somewhat restraining the market
growth. However with cheaper and more effective technologies coming in the
market the constraint with reimbursements will be controlled.
Some of the major companies operating
in this market are:
·
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
·
Withings
·
BioTelemetry Inc.
·
athenahealth, Inc.
·
AgaMatrix, Inc.
·
iHealth Lab, Inc.
·
AT&T
·
Qualcomm
·
Cerner Corporation
·
Diversinet
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The
Europe
digital health monitoring devices market is segmented based on product
types into 3, namely digital health devices, digital health software and
digital health services. The digital health devices market includes mobile
devices and is further segmented into blood glucose monitors, ECG monitors,
blood pressure monitors, oximeters, peak flow monitors, neurological monitors,
sleep apnea monitors, multi parameter monitors, and others. Blood glucose
monitors is expected to grow at the highest CAGR due to the increasing
prevalence and risk of diabetes in the global market.
The
digital health software market includes mobile apps for healthcare and is
segmented into healthcare apps, chronic disease apps, personal health apps and
others. Some of the major inclusions in this segment are weight loss apps,
fitness tracking apps, aware and alert apps, diabetes maintenance apps,
pregnancy apps, blood pressure monitoring apps, PHR apps among others. The
digital health services market includes remote monitoring, diagnosis and
consultation services, fitness and wellness services, prevention services and
others. The software and services market is propelled by the acceptance of
android and ios phones in developing markets.
Based
on geography the market is segmented into:
·
Germany
·
France
·
U.K.
·
Spain
·
Italy
·
Russia
·
Belgium
·
Turkey
·
Switzerland
·
Netherlands
·
Rest
of Europe.
U.K.
is the costliest as it spends maximum share of its GDP In healthcare as
compared to other European countries. U.K. is expected to be the highest
growing market for healthcare IT in Europe. While Germany is the dominant
market in terms of value due to its largest spending in EU union on healthcare.
France is one of the other nations that is doing extremely well in Healthcare
IT acceptance.
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