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Market Research Report

Frictionless Remote Monitoring Device Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 09:40 AM, 14th September, 2017 REP-ID-492 Category: Healthcare

Frictionless Remote Monitoring Device Market Overview

Frictionless remote monitoring devices are perfect solution for continuous health monitoring. These frictionless remote monitoring devices are used for monitoring glucose level, heart rate monitoring, step counting, calories consumed. The major components of frictionless remote monitoring device include biosensors, GPS system, recorder and mobile phones. Further, examples of frictionless monitoring devices include needle free glucose monitoring devices, health tracker wearable devices and biosensors. Frictionless remote monitoring devices are highly used by diabetic patients as they have to continuously monitor their health.

Market Size & Forecast

Global frictionless remote monitoring devices market is envisioned to grow at a robust pace during the forecast period. Rising prevalence of smart health wearable devices amongst the consumers in order to monitor their health is a major factor predicated to foster the growth of global market.

Frictionless Remote Monitoring Device

Furthermore, growing number of diabetic patients coupled with growing chronic diseases is likely to fuel the growth of global frictionless monitoring devices market during the forecast period. Geographically, global frictionless remote monitoring devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is the leading market in frictionless remote monitoring devices market. Further, the North America region is expected to maintain its leading position during the forecast period owing to factors such as high adoption rate of advanced technologies coupled with increasing technological advancements in healthcare sector.

Asia Pacific region is projected to witness a remarkable growth during the forecast period. This growth in Asia Pacific region can be attributed to rising number of patients suffering from diabetes and growing awareness amongst the consumers regarding health care. Moreover, India, China and Japan are anticipated to contribute significantly in the growth of Asia Pacific frictionless remote monitoring devices market.

Additionally, Europe region is the second leading market of frictionless remote monitoring devices and is expected to witness satisfactory growth during period. High expenditure on health care and better healthcare infrastructure are some major factors which are anticipated to foster the growth of frictionless remote monitoring devices market in this region.

Market Segmentation

Our-in depth analysis of the global frictionless remote monitoring devices market includes the following segments:

By Product

  • Glucose Monitoring Devices
    • Needle free Health Monitoring Device
    • Continuous Glucose Monitoring
    • Glucose Tattoo Sensor
  • Heart Rate Monitoring Devices
    • Smart Necklace
    • Smart Rings
    • Chest Strap Heart Rate Monitors
    • Wireless Heart Rate Monitoring Headphones
  • Fitness Tracking Devices
    • Smart Watches
    • Smart Bands
    • Smart Shoes
    • Smart Clothes
  • Blood Pressure Monitoring Devices
    • Smart Watch
    • Smart Bands
    • Other

By Application

  • Diabetes
  • High Blood Pressure
  • Calories
  • Fitness
    • Step Counting
    • Calories Consumed
    • Floors Climbed
    • Miles Cycled
  • Heart rate
    • Blood Pressure

By Distribution Channel

  • Online Stores
  • Offline Stores

By Region

Global frictionless remote monitoring device market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Frictionless Remote Monitoring Device Market

Growth Drivers & Challenges

Global frictionless monitoring devices market is primarily driven by growing health care awareness amongst the consumers coupled with rising prevalence of chronic diseases across the globe.  

Further, frictionless remote monitoring devices are perfect solution for those situations where continuous monitoring of health is a major concern. Rising adoption of frictionless monitoring devices amongst diabetic patients is also a major factor which is likely to drive the growth of global market in near future.

Furthermore, growing popularity of smart wearable devices and their high implementation in health care devices is predicted to drive the growth of global market. Factors such as rising disposable income of the consumers, increasing spending on healthcare, growing awareness towards fitness & wellness are also important factors which are likely to foster the growth of market.

Additionally, rapid technological advancement is a major factor anticipated to boost the demand for frictionless remote monitoring devices in near future. Besides this, frictionless remote monitoring devices have wide range of ability such as ability to measure overall active minutes, activity types, active heart rate, sleep duration, calories burned, resting heart rates, distance travel and steps counting. Such abilities of frictionless remote monitoring devices are expected to positively impact the growth of global frictionless remote monitoring devices market in near future.

However, lack of technological maturity and high initial cost are some major challenges to the growth of global market. Additionally, usage restriction of wearable technology in commercial places is also a major factor which is likely to hamper the growth of frictionless remote monitoring devices market in near future.

Key Players

  • FitBitt
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Apple
  • Xiamoi
  • Biotricity Inc.
  • Alphabet
  • Abbott Laboratories
  • LG Electronics
  • iHealth Lab Inc.
  • Dexicom
  • Philips Healthcare

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global frictionless remote monitoring device market is segmented as follows:

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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