A report by Transparency Market Research, titled, “Behavioral Therapy Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023,” prognosticates this market to showcase a steady growth in forthcoming years due to a burgeoning preference for efficient healthcare and associated treatments occurring all over the globe.
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The healthcare industry is rapidly evolving, wherein a large focus is being imparted on providing effective treatments at a decent price. This is one of the most important factors driving the global real-time E-healthcare market. Owing to effective tracking of changes in health of a patient, as well as easier accessibility of health records by referring to real-time devices monitoring the health of a patient, the global real-time E-healthcare system market is anticipated to largely grow in the next few years.
Rising awareness among consumers about new methods available that can provide enhanced treatment and relief also is powering the global real-time E-healthcare market. Rising number of geriatric population in numerous regions around the world has pushed for better and fast treatment procedures, consequently augmenting the global E-healthcare system market.
However, high costs needed for installing necessary systems, devices, and equipment associated with real-time measurement of healthcare parameters poses as a crucial restraint to the market. A poor reach of these machines in underdeveloped and remote regions is also expected to hamper the market’s growth substantially. Risk of data breach and computational errors also are key hindering factors affecting the market’s growth.
Furthermore, lack of awareness about E-healthcare facilities and an unwilling attitude among many communities to embrace the use of automated healthcare systems is also significantly harming the growth prospects experienced by the global real-time E-healthcare market. Nevertheless, prolonged research and innovation carried out by key players in the market is expected to offset some of these restraints in future.
Geography-wise, the global real-time E-healthcare systems are mainly spread across Europe, Asia Pacific, North America, and Rest of the World. Of these, North America currently holds maximum market share in terms of sale of systems as well as their extensive utilization, compared to other regions. Large per capita income received by masses residing in this region also makes it easier to access the real time healthcare systems, consequently making North America hold the topmost position in the market. However, the forthcoming years are expected to showcase a substantial growth in Asia Pacific, mainly due to a brisk rise in diseases and other ailments that require using E-healthcare systems.
The global real-time E-healthcare market exists as a platform characterized with a highly intense competitive landscape. Mergers & acquisitions, collaborations, and expansion of portfolios are three prime strategies implemented by most players in the market. Misfit Wearables, Medtronic, GE Healthcare, Jawbone, Fitbit, Cerner Corporation, DexCom, and Garmin, are some of the main players operating in the global real-time E-healthcare system market.