London, 21 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Mobile Health and Fitness Sensor Market 2014-2018, which is projected to grow at a CAGR of 40.29 percent during the forecast period of 2013-2018.
Mobile health and fitness sensors are used in health and fitness devices to measure various body parameters such as heartbeat, blood sugar level, temperature, and so on. Rapid and continued development in sensing technology can be of huge assistance in regular patient monitoring.
“The entire market dynamics is expected to change with the entry of big players such as Apple, Google, Microsoft, and Amazon. These big players are expected to account for a huge chunk of the revenue with their smart watches and other smart devices,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Health Awareness
- Increased Incidence of Lifestyle-related Diseases
- Increased Average Life Expectancy
- Growing Levels of Obesity
- Affordable Care Act in the US
- Increased Share of Aging Population
- High Costs of Healthcare System
Key Market Trends
- Rapid Growth of Combo Sensors
- Growth in Implantable Sensor Technology
- Shift in Business Model
- Decrease in the Size of Sensors
- Integration of Sensors into Consumer-end Devices and Accessories
- Entry of Big Players
Key Market Vendors
- Abbott Laboratories
- Acute Technology Inc.
- Bayer HealthCare AG
- F. Hoffmann-La Roche Ltd.
- GE Healthcare
- Honeywell International Inc.
- LifeScan Inc.
- Medtronic Inc.
- OMRON Corp.
- RF Technologies Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
