Health Self-Monitoring: Technologies and Global Markets

Report Highlights

The global market for selected health self-monitoring technologies reached $1.1 billion and nearly $3.2 billion in 2013 and 2014, respectively. This market is forecast to grow at a compound annual growth rate (CAGR) of 42.9% to reach $18.8 billion in 2019.

Report Includes

• Overview the global markets and technologies for health self-monitoring.
• Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
• Identify and describe existing health self-monitoring technologies, as well as technologies that are under development.
• Analyze the major drivers and constraints that will influence the future development of the self-monitoring market.
• Project the market for major health self-monitoring technology platforms, devices, and software.
• Describe and evaluate different vendors’ business models.
• Assess the potential impact of self-monitoring on the way medicine is practiced.

Report Scope

BCC Research has published studies of several related topics, including wearable computing (IFT071A), telemedicine (HLC014E), patient monitoring (HLC038D), smart textiles (AVM050B) and healthcare IT (HLC048D). The present study complements, rather than duplicates, these studies.

For example, the wearable computing study (IFT071A) discusses the likelihood that “activity monitoring applications” for sports and fitness will expand to other health and wellness markets but does not discuss these health and wellness application in much detail. IFT071A also discusses “wearable healthcare devices and safety monitors,” but the latter are intended more for third-party (e.g., caregiver) monitoring rather than self-monitoring. The same is true of the patient monitoring technologies analyzed in HLC038D, HLC014E and AVM050B.

The present report focuses specifically on technologies that enable the individual to monitor his or her own health. Third-party monitoring technologies thus are specifically excluded, except to the extent that the individual being monitored has direct access to the data, in a form useful for self-monitoring. Apps that extract data from an individual’s EHR and format and display those data on the individual’s self-monitoring device are covered in the report, but not EHRs per se. The latter are covered in BCC Research report HLC048D.

Additional, unique topics covered in this report include:

• Self-tracking’s usability by target groups such as seniors.
• Vendor business models (e.g., many self-tracking apps are free. How are vendors going to make money in this market?).
• Structural impacts on the healthcare industry.

The study format includes these major elements:

• Executive summary.
• Overview (definitions, enabling technologies, market segmentation).
• Market environment (demographic, economic, epidemiological, legal/ regulator, healthcare industry).
• Major health self-monitoring platforms.
• Health self-monitoring hubs.
• Peripherals.
• Software.
• Company profiles.
• Patent analysis.

Analyst Credentials

Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.