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Overview of the telecare devices market

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.

Companies covered

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 –

• Ascom
• Climax Technology
• Legrand
• NXT ID
• Phillips
• Tunstall

Segmentation by product and analysis of the telecare devices market

• Wearable devices
• Furniture sensory devices
• Environmental sensory devices

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.

Segmentation by geography and analysis of the telecare devices market

• Americas
• APAC
• EMEA

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.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global telecare devices market?
• What are the key market trends impacting the growth of the global telecare devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global telecare devices market?
• What are the market opportunities and threats faced by the vendors in the global telecare devices market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global telecare devices market?

Technavio also offers customization on reports based on specific client requirement.