Here’s what you need to know:
1. The market is projected to reach $21.71 billion by 2022, increasing at a compound annual growth rate of 36.5 percent.
2. The majority of the market is attributed to the monitoring application segment, which holds 61.8 percent of global market shares.
3. The Americans hold 34 percent of the market, which is the largest market share of any region. The Asia-Pacific region is the second largest market; Europe’s market is expected to grow in the coming years.
4. Key market vendors include Apple, athenahealth, Biotelemetry, GE Healthcare and Google, among others.
5. Market drivers include patient involvement in personal healthcare, integration of smartphones into the healthcare industry and changes in legal and regulatory direction.
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