Press release
North America mHealth Market Growing at a rapid pace in the foreseeable future
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According to the United Nation Department of Economic and Social Affairs (UNDESA), world population aging 2017 report, in North America, the population of people aged 60 years or above was approximately 78.4 million in 2017, and the number is estimated to reach 122.8 billion by 2050. This rise in the aging population and increasing chronic diseases lead to the increasing requirement of patient centric mobile applications, thereby driving the growth of the market in the region.
The major players in the mHealth industry are acquiring related business unit of the other companies for introducing new digital health solutions. For instance, in July 2017, BioTelemetry Inc., acquired LifeWatch AG, a healthcare technology and solutions company, specialized in advanced digital health systems and wireless remote diagnostics patient monitoring services. The acquisition was aimed at strengthening BioTelemetry’s market position in remote cardiac monitoring and diagnostic services.
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Some of the other key players in the mHealth market are Medtronic plc, Cerner Corporation, OMRON Corporation, Koninklijke Philips N.V., Johnson & Johnson, AT&T Inc., athenahealth Inc., Cisco Systems Inc., and AliveCor Inc.
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