The 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.
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.
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 11 countries, Germany, France, U.K., Spain, Italy, Russia, Belgium, Turkey, Switzerland, Netherlands and 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.
The players in this Europe digital health monitoring devices market are using mergers, acquisition and development of technology as penetration strategies. The report also includes new developments, future technological advancements, recent strategically decisions, expansions and product launches. The key players in the digital health 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, and Cisco, Inc. among others.