Consumer medical devices revenue is forecasted to grow 4% in 2013
Market researcher IHS has forecasted the total worldwide market for consumer medical devices to grow by 4% to reach US dollar 8.2 billion by the end of 2013, compared to revenue of US dollars 7.9 billion in 2012. The top three products are hearing aids, blood glucose meter and blood pressure monitors, as per IHS.
IHS has listed growth forecast in the below table.
“One important reason for the consistent rise in revenue over the years of consumer medical devices is that the worldwide population of those aged 65 and above will continue to grow over time, making up an increasingly larger percentage,” said Roeen Roashan, analyst for consumer medical devices and digital health. “As a result, health monitoring will increase. And while evident in all regions, the phenomenon will be particularly apparent in Europe and Asia.” The fast-growing products according to IHS include activity monitors, body composition analyzers and heart-rate monitors. Region wise IHS finds Asia-Pacific is fast-growing, the Americas and the collective Europe-Middle East-Africa (EMEA) regions are also prominent centers of market activity. Among countries, Denmark and the U.K. have been especially successful in implementing telehealth, or the remote monitoring of health conditions via monitors...
“One important reason for the consistent rise in revenue over the years of consumer medical devices is that the worldwide population of those aged 65 and above will continue to grow over time, making up an increasingly larger percentage,” said Roeen Roashan, analyst for consumer medical devices and digital health. “As a result, health monitoring will increase. And while evident in all regions, the phenomenon will be particularly apparent in Europe and Asia.” The fast-growing products according to IHS include activity monitors, body composition analyzers and heart-rate monitors. Region wise IHS finds Asia-Pacific is fast-growing, the Americas and the collective Europe-Middle East-Africa (EMEA) regions are also prominent centers of market activity. Among countries, Denmark and the U.K. have been especially successful in implementing telehealth, or the remote monitoring of health conditions via monitors...
You've read this far — sign in to keep reading