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Apple, Google and Other Big Players Entering the Global Mobile Health and Fitness Sensor Market
The Global Mobile Health and Fitness Sensor Market 2014-2018 is projected to grow at a CAGR of 40.29 percent from 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 dynamic is expected to change as big players like Apple, Google, Microsoft, and Amazon enter the market. Devices like smartwatches and fitness bands from these giants will account for a huge chunk of revenue,” 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.
If you are interested in more information on this topic and our upcoming research on the Global Mobile Health and Fitness Sensor Market 2014-2018 (http://www.technavio.com/
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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