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mHealth Market By Component (Hardware, mhealth Apps, Services and Others), By Application ( Diagnostic Treatment, Remote Monitoring, Remote Data Collection and Others), By End-User (Mobile Operators, Healthcare Providers, Application Players and Others)

08-13-2018 01:41 PM CET | Health & Medicine

Press release from: Garner Insights

mHealth Market By Component (Hardware, mhealth Apps, Services

Market Synopsis
mHealth stands for mobile health which is sub segment of eHealth. mhealth makes use of mobiles phones and other wireless technology such as personal digital assistance. mHealth segment consist of a complex and wide range of services, software products, devices, regulatory webs, market participants and end-user.  PDA comprises of portable devices like smart watch for data collection and information about healthcare services. mhelath deals with medicinal practices acting in favour or public health care which evaluates and delivers preventive measures to educate customers.  It is also used for disease surveillance, epidemic outbreak tracking, treatment support and chronic disease management.  mhelath is applicable in broader aspect ranging from generating individual’s biological and physiological health data and delivery of the information to the medical professional to real time monitoring of the patient by provision of direct care. 

Increasing penetration of smartphones, tablets and other mobile platforms and growing connectivity between devices majorly drives the growth of mhealth market. Robust adoption of high speed 3G & 4G LTE networks empowers uninterrupted healthcare services along with cost containment and convenience provision further boost the market growth. Furthermore, mHealth apps for the management of chronic diseases and surging focus on patient-centric healthcare delivery fuel the market growth. Moreover, affordability of smartphones, integration of wireless technology with portable healthcare devices, technological innovation and government supportive activities propels the mHealth market growth. However, lower adoption of new technology across developing countries, resistance from traditional healthcare providers, less guidance from physicians in app selection and uncertainty in government regulation might constrain the growth of the market.

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Segmentation
The global mhelath market is segmented on the basis of component, application, end-user and region.  
Based on component the market is broadly categorized into hardware, mhealth apps, services and others.  Hardware segment further divided into blood pressure monitors, blood glucose meters, multi-parameter trackers, pulse oximeters, peak flowmeters and others. mhealth apps is bifurcated into general health & fitness apps, chronic care management app, personal health record apps and others. Services are sub-segmented into treatment services, diagnosis & consultation services, fitness & wellness services and others. 
Application wise the market is segmented into diagnostic treatment, remote monitoring, remote data collection and others. Diagnostic & treatment segment further spilt into neurology, diabetes, cardiovascular, respiratory and others. 
Depending upon end-user the market is segmented into mobile operators, healthcare providers, application players and others. 

Regional Analysis
The global mhealth market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America mhelath market growth is majorly driven by increased expenditure on healthcare, early adoption of inventive technologies and increasing funding by private and public organizations. Government supportive activities and various policies launched by European Commission mhealth initiatives drive the growth of the market. In addition, EU funding programmes for research and innovation aim at creating incentive that strength the development of innovative mhealth solutions either by creating apps or other mobile health tools. Factors such as penetrating smartphone technology need for accessible healthcare tools and growing rural population in Asia-Pacific boost the market growth in the region. Moreover, increasing prevalence of chronic disease, rising expenditure per capta and development in healthcare infrastructure is expected to drive the market further.

Recently in October 2013, The Ministry of Health and Family Welfare, government of India launched official application National Health Portal.  This is intended to plug in healthcare gaps through effective use information technology. The project aims to provide healthcare related information predominantly to semi-literate or illiterate population of the India and to serve as single point of access for consolidated health information. The mhealth market in Latin America is becoming promising market owing to significant growth opportunities, increasing government initiatives. Upsurge in mobile industry and rising e-commerce sector offers favourable circumstances for mhelath industry to improve the quality and availability of healthcare in the Middle East & Africa.

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Key Players
The major key players in the market include Medtronic plc., AliveCor, Inc., OMRON Corporation, Apple, Inc., AirStrip Technologies, Inc., BioTelemetry Inc., Jawbone, Nike Inc., LifeWatch AG, Koninklijke Philips N.V., Withings, AgaMatrix, Inc., Cisco Systems, Inc., athenahealth, Inc., and iHealth Lab, Inc.

Mhelath solutions being new market have huge scope in the future to flourish. Mhealth market is very much fragmented in nature owing to presence of large number of companies. To consolidate their position in the market many companies are implementing strategies like new product launch and merger or acquisition. 

In December 2014, the San Francisco based Cellscope company launched new product called OtoScope. It is device that attaches to a cell phone camera, and allows parent to peer into their children’s inner ear. The device enables parents to send superior quality images to trained personnel who then determine if the child is suffering from an ear infection. 

About Us:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.

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Kevin Thomas
Contact No: +1 513 549 5911 (US)
+44 203 318 2846 (UK)
Email: sales@garnerinsights.com

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