The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!
This market research report presents a comprehensive analysis of the global telecare devices market by product segments including wearable devices, furniture sensory devices, and environmental sensory devices. Additionally, the report also provides an analysis of the market’s growth prospects in the Americas, APAC, and EMEA.
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
According to the tele healthcare market research report, the rising availability of healthcare mobile applications will have a positive impact on the telecare devices market growth during the next few years. With the rising digitization of the healthcare sector coupled with the integration of IoT, there has been a significant rise in the development of healthcare mobile applications in the recent years. As a result, telecare devices such as pendants, bed sensors, sensory mats and others have gained prominence in the global healthcare devices market as they provide crucial data through the integrated mobile applications for monitoring purposes. Moreover, telecare device manufacturers such as Tynetec, Chubb, and Chiptech also offer telecare devices with in-house software solutions, in turn, increasing the demand for telecare devices in the forthcoming years. Technavio’s market research analysts have predicted that the telecare devices market will grow at a CAGR of around 9% by 2022.
Vendors in the telecare equipment market are focusing on introducing these devices for smart-living housing solutions. Various end-users residing in housing communities equipped with smart living solutions use telecare devices to alert the family members in case of any uncertain activity. In addition, with the integration of telecare devices with IoT, the accuracy of detecting disturbances in health conditions of the users is improved. Consequently, vendors including Tynetec, Tunstall, and Phillips have already started implementing these smart connectivity solutions to offer upgraded telecare products to the end-users. According to our global tele healthcare industry analysis, such an increasing adoption of smart-living housing solutions will be one of the major trends driving the telecare devices market value during the next few years.
With the presence of a considerable number of telecare device manufacturers, this market appears to be moderately fragmented. These companies are highly focusing on integrating artificial intelligence with healthcare to gain an advantage over the other players, in turn, increasing the level of competition. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies, this market research report on the telecare devices market will help clients identify new growth opportunities and design unique growth strategies.
This research report provides an analysis of various companies in this market including –
The wearable devices were the largest product segment of this market during 2017. According to this telecare equipment market research report, the segment will continue dominating the telecare devices market share throughout the forecast period.
Techavio’s analysts have estimated the Americas accounted for the largest share in telecare devices market during 2017. With rapid advancements in the healthcare sector of the developed economies such as the US, this region will account for the maximum growth of this market during the next few years as well.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Get lifetime access to our Technavio Insights
This report is available in English.
Did you know?
Want to customize this report?
This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
Technavio's SUBSCRIPTION platform
Register for a free trial today and gain instant access to 17,000+ market research reports.
START YOUR FREE TRIAL