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Health Self-Monitoring Market Size Is Estimated To Grow At CAGR of 30.7 %, 2022-2028 | Latest Industry Coverage by Douglas Insights

Douglas Insights
Douglas Insights

North America is forecasted to dominate the worldwide health self-monitoring market in the forecasted period, followed by Europe, Asia, the Middle East, and Africa.

Isle Of Man, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Douglas Insights, one of the world's first comparison engines, has expanded and upgraded to include the health self-monitoring market's opportunities, trends, driving forces, forecasts, and restraints. Through the comprehensive study provided by Douglas Insights, organisations, industry professionals, market researchers, and analysts can obtain in-depth data analyses, market insights, and research data. The study provides a variety of private and public assessments on the parameters of publisher rating, table of contents, release date, and price, which is extremely useful for both data analysts and market researchers.

Patients can use self-monitoring and simple-to-use medical devices to monitor vital parameters such as blood pressure, sugar levels, and heart and pulse rates. These devices are inexpensive and eliminate the need for the patient to visit clinics or hospitals for routine checkups.

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Market Drivers

Cardiovascular diseases, diabetes, and other chronic illnesses have been on the rise in the last decade or so, and increased health awareness among the general public has resulted in an increase in global demand for self-monitoring devices. Because these self-monitoring devices are convenient and dependable, and can be easily used by people of all ages, they are proving to be extremely beneficial in lowering the patient's chances of contracting diseases, as well as assisting in early diagnosis and keeping a record of the patient's physical health.

Furthermore, advances in technology and the features of self-care devices, combined with an increase in people's incomes, have resulted in an increase in demand for these health self-monitoring devices. Other factors that will aid market growth include improved and expanded availability of wireless data transmission networks. Wearable self-monitoring devices, such as smartwatches and sensor implants, have improved patient health monitoring. The market for self-monitoring devices is massive. The manufacturers place a premium on producing high-quality goods. The increased expenditure in the healthcare industry, as well as the worsening condition of contagious diseases, will propel the growth of self-monitoring devices in the forecasted timeframe and will be the major drivers.

The growing elderly population around the world has fueled the demand for self-monitoring devices. The fact that the older generation is currently suffering from chronic diseases and requires constant health monitoring has boosted sales of self-monitoring devices. The COVID-19 pandemic has also played a significant role in the rise in demand for these devices, as governments imposed strict regulations on people leaving their homes and visiting hospitals for routine checkups and health monitoring. These restrictions have fueled the growth of the health self-monitoring device market and aided in the penetration of emerging markets.

Market growth will be hampered by factors such as stiff competition, high taxes, and effective pricing. Taxes and duties can raise costs and thus have a negative impact on market growth.

The global market for health self-monitoring has a large presence of leading players, as well as a large market of small regional players. According to one report, hypertension and diabetes affect one-third of the world's population. To reduce the fatality rate from these and other diseases, it is critical that patients keep self-monitoring devices at home and avoid disease transmission. These devices will go a long way toward helping you monitor and manage your health by utilising this technology.

North America is forecasted to dominate the worldwide health self-monitoring market in the forecasted period, followed by Europe, Asia, the Middle East, and Africa.

Key players

There are a few key players in the Health Self-Monitoring Market. Some of these players include ALPHABET INC., APPLE INC., ASUSTEK COMPUTER INC., BEURER GMBH, CITYZEN SCIENCES, GARMIN LTD., HEXOSKIN, HTC CORP., HUAWEI TECHNOLOGIES CO. LTD., IHEALTH LAB INC., LG ELECTRONICS INC., MEDIATEK INC., MOTOROLA MOBILITY LLC, NEUROSKY INC., OVIA HEALTH, POLAR ELECTRO OY, RAZER USA LTD., SAMSUNG ELECTRONICS CO. LTD., SONY CORP., VALENCELL INC., XIAOMI INC.

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Health Self-Monitoring Market Report Coverage

Report Attributes

Details

Market Size in 2021

$48.7BN

Market Size Projection in 2028

$XX BN

CAGR (2021-2028)

 30.7%

Largest Market

North America

Growth Drivers

Growing Cardiovascular Diseases, Diabetes And Other Chronic Illnesses, Advancement In Technology And The Features Of Self-Care Devices, The Improved And Increased Availability Of Wireless Data Transmission Networks

Segmentation

By Type (Software, Electronic devices) By Application (Young 20, 20-30 Year Old, 30-45 Year Old, 45-60 Year Old, Old 60) By Companies (Ovia Health, Google, Samsung, Apple, Fitbit, Garmin, Lumo Body Tech, Mayo Clinic, Microsoft)

Regional Analysis

North America (US, Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.K, Germany, Italy, France, Spain, Russia and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN and Rest of Asia Pacific), ME (GCC Countries, Israel, and Rest of Middle East) & Africa (South Africa, North Africa and Central Africa)

Key Companies Covered

Alphabet Inc., Apple Inc., Garmin Ltd., Samsung Electronics Co. Ltd., and Motorola Mobility LLC.

Segmentations

By Type

  • Software

  • Electronic devices

By Application

  • Young 20,

  • 20-30 Year Old,

  • 30-45 Year Old,

  • 45-60 Year Old,

  • Old 60

By Companies

  • Ovia Health,

  • Google,

  • Samsung,

  • Apple,

  • Fitbit,

  • Garmin,

  • Lumo Body Tech,

  • Mayo Clinic,

  • Microsoft

Key questions answered in this report

  • COVID 19 impact analysis on global Health Self-Monitoring industry.

  • What are the current market trends and dynamics in the Health Self-Monitoring market and valuable opportunities for emerging players?

  • What is driving Health Self-Monitoring market?

  • What are the key challenges to market growth?

  • Which segment accounts for the fastest CAGR during the forecast period?

  • Which product type segment holds a larger mark et share and why?

  • Are low and middle-income economies investing in the Health Self-Monitoring market?

  • Key growth pockets on the basis of regions, types, applications, and end-users

  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Unique data points of this report

  • Statistics on Health Self-Monitoring and spending worldwide

  • Recent trends across different regions in terms of adoption of Health Self-Monitoring across industries

  • Notable developments going on in the industry

  • Attractive investment proposition for segments as well as geography

  • Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)

Table of Content:

Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
What's New in This Report
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Custom Research
Related Research Reports


Chapter 2 Summary and Highlights
Highlights of the Market for Health Self-Monitoring


Chapter 3 Market Overview
Definitions
Digital vs. Analog Monitoring Technologies
Mobile vs. Portable Monitoring Technologies
Self-testing vs. Self-monitoring
Health vs. Sports and Fitness Monitoring
Classification of Home Monitoring Technologies
Enabling Technologies
Smartphones
Enhanced Data Processing Capabilities
Sensors
Geospatial Tracking
Smart Textiles for Wearable Sensors
Networking Technologies
Cloud Services
Market Segments
Technologies
Applications
Purchasers/Payers
Market Summary


Chapter 4 Market Dynamics
Health Self-monitoring Market Drivers
Rapid Growth of the World's Elder Population
Increasing Incidence of Chronic Lifestyle Diseases
Technological Advancements and Innovation
Health Self-monitoring Market Restraints
Legal/Regulatory Issues
Privacy
Liability
Health Self-monitoring Market Opportunities
Demand for Home Care Monitoring
Increasing Health and Fitness Awareness


Chapter 5 Impact of COVID-19 Pandemic
Introduction
Outbreak
Impact of COVID-19 on Health Self-monitoring


Chapter 6 Health Self-monitoring Platforms
Major Platforms
Apple HealthKit
Google Fit
Samsung Digital Health Initiative
Competitive Assessment
Features
Operating Systems
Healthcare Partners
Third-Party Apps and Peripherals
Other Platforms and Developments


Chapter 7 Health Self-monitoring Peripherals
Types of Peripherals
Functions
Form Factors
Compatible Mobile Device or Computer Operating Systems
Compatible Self-monitoring Platforms
Operating Systems
Market

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