iCrowdNewswire Feb 24, 2021 2:06 AM ET
Wiseguyreports.Com Adds “Health Self-monitoring: Technologies and Global Markets” To Its Research Database
Self-health monitoring is the latest trend in personal health where an individual can monitor and manage his/her health using a wide range of electronic devices with software technologies to collect and process personal data. The increasing popularity of self-health tracking owing to the advancements in technology is one of the major contributing factors of the Health Self-monitoring market. Some of the devices that can be used for health self-monitoring include Mobile self-health monitoring applications, Wristbands, smartwatches and other wearable devices, smartphones or mobile hub devices that work in sync with peripheral devices, software platforms for self-monitoring like Apple, Google Fit, HealthKit etc.
The global market for health self-monitoring technologies was evaluated at $16.7 billion in 2016 and is expected to grow at a CAGR of 28.3% during the forecast period from $20.7 billion in 2017 to reach $71.9 billion by 2022. The Peripherals or wearables segment is expected to reach $20.3 billion in 2017 and $70.9 billion by 2022, growing at a CAGR of 28.4% during the forecast period. The Software applications segment is expected to reach $373 million in 2017 and $1.0 billion by 2022, growing at a CAGR of 22.0% during the forecast period.
Relatively early generation of health self-monitoring tools enable the users to track and record their daily health activity details such as number of steps walked, floors climbed, daily water consumption and sleep patterns. The report covers in detail Self-tracking’s usability by target groups, such as seniors, Vendor business models, Structural impacts on the healthcare industry, Major health self-monitoring platforms, Health self-monitoring hubs, Peripherals, Software, Company profiles and Patent analysis.
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The market for Health Self-Monitoring Technologies is segmented by Type, Application or End User, Manufacturers and Regions. In terms of types, the market is split into Electronic devices and Software.
With respect to applications, the market is classified into Younger than 20 years old, 20-30 Years Old, 30-45 Years Old, 45-60 Years Old and Older than 60. The key manufacturers dominating the market include Fitbit, Garmin, Lumo Body Tech, Mayo Clinic, Ovia Health, Google, Samsung, Apple and Microsoft.
Geographically, the market spans across key regions like North America, Europe, China and Japan.
The report provides a country-wise analysis of the regions the Health Self-Monitoring market spans across. These include:
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
Asia-Pacific (China, Japan India, Rest of APAC)
South America (Brazil and Rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
The US dominates the health self-monitoring market accounting for 45% of the sales based on an estimation in 2016. This number however has declined since 2013 due to more rapid growth-rates in non-us markets. The latter markets are predicted to account for an approximate two-thirds of the wearable self-monitoring devices global market by 2022.
Facilitated by recent technological advancements and absence of specific sales numbers, it can be assumed that Apple, Google and others believe that self-health tracking mechanisms will enhance the ecosystem value such that it there are exciting returns on investments.
Profiles of major players in the industry
Asustek Computer Inc.
Basis Science Inc.
Epic Systems Corp.
Fitbug Holdings Plc.
Huawei Technologies Co. Ltd.
Ihealth Lab Inc.
Impact Sports Technologies
Lg Electronics Inc.
Lumo Bodytech Inc.
Mayo Clinic Co.
Misfit Wearables Corp.
Motorola Mobility Llc
New Balance Athletic Shoe Inc.
Nonin Medical Inc.
Pebble Technology Corp.
Polar Electro Oy
Ralph Lauren Corp.
Razer Usa Ltd.
Samsung Electronics Co. Ltd.
Seiko Epson Corp.
Skechers Usa Inc.
Stbl Medical Research Ag
Vancive Medical Technologies
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