E-health Devices Market Size, Industry Share & Trends | 2032

Report Description

E-health Devices Market Outlook 2032

The global E-health devices market size was USD 17.6 Billion in 2023 and is projected to reach USD 34.8 Billion by 2032, expanding at a CAGR of 7.9% during 2024–2032. The market growth is attributed to the growing demand for e-health devices for remote monitoring and personalized care management.

Rising demand for remote healthcare solutions is resulting in high use of e-health devices, which is projected to further boost the market in the coming years. These devices are expanding their applications beyond traditional medical settings, encompassing a wide range of sectors, such as fitness, wellness, and chronic disease management. E-health devices offer users the ability to monitor their health metrics, track wellness goals, and manage chronic conditions from the comfort of their homes. Furthermore, rising prevalence of chronic diseases propels the demand for consumer-friendly e-health monitoring solutions.

• As per the report published on December 18, 2023, approximately six out of 10 adults in the US are currently living with a chronic disease, such as cancer, heart disease, or diabetes.

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Impact of Artificial Intelligence (AI) in E-health Devices Market

The use of artificial intelligence is likely to boost the E-health devices market. AI-driven predictive analytics enable early identification of health risks and personalized interventions to prevent disease progression and optimize treatment outcomes. Furthermore, AI-powered remote monitoring devices continuously analyze biometric data and alert healthcare providers to deviations from baseline values.

E-health Devices Market Dynamics

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Major Drivers

Increasing adoption of wearable health monitoring devices is anticipated to drive the market. These devices offer real-time health monitoring and tracking of vital signs, such as heart rate, blood pressure, and activity levels. They empower individuals to take proactive measures toward their health. Furthermore, growing geriatric population suffering from various diseases further boosts the market.

• According to the report published by the WHO, the global population of individuals aged 60 years and older was 1.4 billion in 2020. Furthermore, it is projected to double by 2050, reaching 2.1 billion.

Existing Restraints

Stringent regulatory requirements are expected to hinder the market during the forecast period. Regulatory bodies, such as the FDA in the US and the European Medicines Agency (EMA) in Europe, impose strict guidelines and standards for the manufacturing and commercialization of medical devices. Compliance with these regulations involves extensive testing, documentation, and approval processes, which increases time-to-market and development costs for E-health device manufacturers. Furthermore, limited interoperability and integration with existing healthcare systems hampers the market.

Emerging Opportunities

Growing adoption of telemedicine and telehealth services is expected to create immense opportunities for the players competing in the market. Manufacturers are focusing on developing advanced e-health devices compatible with conducting virtual examinations and assessments. Additionally, growing acceptance and reimbursement of telemedicine services by healthcare settings and regulatory authorities further boost the demand for e-health devices.

Scope of the E-health Devices Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Regional Outlook

In terms of region, the global E-health devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2023, due to the presence of regulatory bodies that support the adoption and integration of E-health devices into clinical practice. Moreover, increasing prevalence of chronic diseases and the growing demand for remote patient monitoring and telemedicine services further propels the market in this region.

The market in Asia Pacific is projected to grow at a significant pace in the years to come, owing to the increasing adoption of digital health technologies and expanding access to healthcare services. Furthermore, increasing penetration of smartphones, internet connectivity, and mobile health apps in the region facilitates remote monitoring, health education, and disease management, further fueling the adoption of E-health devices.

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E-health Devices Market Segment Insights

Device Type Segment Analysis

Based on device type, the E-health devices market is divided into blood pressure meters, fever meters, glucose meter, and care phone/service alarms. The glucose meter segment held a major share of the market in 2023, due to the growing demand for self-monitoring devices among diabetic patients. Glucose meters enable individuals to monitor their blood sugar levels conveniently at home or on the go, facilitating timely adjustments to medication, diet, and lifestyle. Furthermore, increasing prevalence of diabetes globally further boosts the market.

• According to a report published by the WHO on April 5, 2023, the number of people with diabetes rose from 108 million in 1980 to 422 million in 2014.

The blood pressure monitoring devices segment is expected to expand at a significant growth rate in the coming years, owing to the rising prevalence of hypertension, and cardiovascular diseases. For instance, according to the report published by the WHO on June 11, 2021, approximately 17.9 million individuals died from cardiovascular diseases (CVDs) in 2019, accounting for 32% of all global deaths. Among these deaths, 85% were caused by heart attacks and strokes. Moreover, the availability of affordable and user-friendly blood pressure monitoring devices and the proliferation of telehealth services and remote patient monitoring programs are expected to fuel their adoption among consumers and healthcare providers.

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