ResearchAndMarkets.com has completed the report “Mobile health monitoring, diagnostic devices and services – the trajectory of the global market and analytics”. The document, which includes the forecast of the said market development for the period till 2027, takes into account the impact of the crisis related to COVID-19. Analysts have attempted to assess how the pandemic has already impacted production and purchasing, and how it will impact in the short term.
The global market for mobile health monitoring, diagnostic devices and services is estimated to be $23.1 billion in 2020. However, in the coming years, it will grow rapidly and already by 2027 will reach 250.5 billion dollars. Thus, the average annual growth rate in the period from 2020 to 2027 will be 40.6%.
Moreover, say, the indicator for cardiac monitors is projected at 41.8% per year. In absolute terms, this segment will reach 46.1 billion dollars by 2027. And this is not the fastest growing segment. Thus, sales of devices for diabetes patients will grow by an average of 46.9% per year.