July 13, 2017
Wellesley, Mass., July 13, 2017 – Self-monitoring is a new trend in personal health where individuals use electronic devices and software technologies to collect, process and display a wide range of personal data to help them monitor and manage their personal health. Although the market is in a relatively early stage, a new report from BCC Research entitled, Health Self-Monitoring: Technologies and Global Markets, finds the global market for health self-monitoring technologies is projected to exceed $20.7 billion in 2017 and approach $71.9 billion by 2022, with a compound annual growth rate (CAGR) of 28.3% between 2017 and 2022.
Self-Monitoring Apps Have Broad Appeal:
The new research from BCC analyzes the market for mobile digital technologies that generate health-related data for personal consumption including wristbands, smartwatches, self-monitoring applications, smartphones as well as health self-monitoring platforms developed by Google, Samsung, Apple and Microsoft. While self-tracking technologies have many applications including fitness, wellness and prevention; fertility and reproductive health; chronic disease management; post-acute care and rehabilitation; aging at home; and mental health, developers of such devices and software need to factor in evolving regulatory approvals, consumer privacy, and liability issues as they create new tools and technologies. Additional key industry players in this report include Fitbit, Garmin, Lumo Body Tech, Mayo Clinic, Ovia Health, and STBL Medical Research as well as profiles of more than 50 additional companies.
“The growing use of self-tracking, facilitated by recent advances in technology, has generated a large and diverse market for mobile digital technologies and applications,” said Andrew McWilliams, report analyst. “Our research found that the demand for health self-monitoring technologies will be shaped by a complex market environment that includes demographic and socioeconomic trends, increasing chronic illness, technology developments, accelerating health costs, regulatory reforms, and changes in the structure of the healthcare industry. In the future, new advancements will expand the range of physiological variables that can be self-monitored and enhance the usefulness of the data collected.”
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Health Self-monitoring: Technologies and Global Markets( HLC185B )
Publish Date: Jul 2017
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