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Sensor Devices for Mobile Health Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Mobile health, also known as mHealth, is medical care provided using mobile devices. Sensor is a type of device that detects and responds to inputs from physical environment. Advances in telecommunication and sensor manufacturing have brought new technologies and applications in mobile health care. The primary reason to use sensors in mHealth is to improve the quality of and provide easy access to health care services. Integration of sensor device into electronics enables health care providers to gather medical data, provide home care, and other preventive digital health programs. Mobile-based health care solutions can also decrease service cost.

The global sensor devices for mobile health care market is expected to witness robust growth during the forecast period owing to maturation of technology leading to miniaturization of sensor devices. Major factors propelling the market are low cost of sensors, integration of sensors into consumer devices, surging geriatric population, rise in awareness about health and fitness, increase in remote patient monitoring, and prevalence of chronic and lifestyle diseases. Surge in penetration rate of mobile and smartphone and reimbursement policies are the other factors likely to drive the global market from 2017 to 2025. Regulatory issues, privacy and security concerns, lack of clarity in health communication, and standard protocols are projected to restrain the global sensor devices for mobile health care market during the forecast period.

The global sensor devices for mobile health care market can be segmented base on product type, application, and region. In terms of product type, the global market can be divided into microphone sensors, camera sensors, accelerometer sensors & geolocation facilities, and others. Based on application, the global sensor devices for mobile health care market can be segmented into health and wellness monitoring, safety monitoring, home rehabilitation, early diagnosis of disorders, efficacy assessment (clinical trials), and others. The health and wellness segment is expected to witness high growth owing to rise in awareness about fitness and health and prevalence of chronic disease.

Geographically, the sensor devices for mobile health care market can be segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the global market in terms of value and volume, followed by Europe. Growth of the market in North America is attributed to rapid innovation of technology, rise in enthusiasm in individuals about gathering quantified data about their health, and prevalence of unhealthy lifestyle.

The sensor devices for health care market in Asia Pacific is expected to experience fastest growth rate owing to improving technology, rise in geriatric population, health awareness initiatives undertaken by governments, change in lifestyle, and rise in awareness about health and fitness. China is expected to be the fastest growing market due to factors such as low cost, easy availability of the devices, and growing population.

The massive potential of the world’s smallest sensor device integrated into consumer devices is the future of the global market. Hence, to maintain a significant position in the global sensor devices for mobile health care market, the key players are adopting various strategies such developing a technologically advanced and highly efficient product, mergers and acquisitions, and geographical expansion to enter into untapped market.  Key players operating in the global market are Apple, Inc., Fitbit, Inc., Koninklijke Philips N.V., Samsung, and Medtronic MiniMed.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

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