Press release
Mobile Health Market to Boom US$ 249.3 Billion Value by 2025 at a CAGR of 33.5% | Global Key Players – Medtronic, Cardionet, Ihealth Lab, BioTelemetry, OMRON, Apple, Qualcomm
Mobile Health Market
Global Mobile Health Market Overview:
The Global Mobile Health Market to reach USD 249.3 Billion by 2025. The Global Mobile Health Market valued approximately USD 24.7 Billion in 2017 is anticipated to grow with a healthy growth rate of more than 33.5% over the forecast period 2018-2025.
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The Key factors driving the growth of the Mobile Health Market are growing use of smartphones and tablets along with the growing focus on personalized medicines. According to the Consumer Technology Association’s in June 2018, the association has conducted a study on consumer technology ownership. The study reveals that Smartphone penetration stood about 87% of homes in the United States. Similarly, as per the report published by the Wireless Smartphone Strategies (WSS) Services, Smartphone penetration rate of population rate reached to 44% in 2017 from 39% in 2016 globally. As mobile devices offer various advantages for healthcare professionals to support improved patient outcomes and better clinical decision-making. Furthermore, increasing demand of point of care treatment and diagnosis is expected to create lucrative growth prospects for the market. However, data security and privacy concerns are expected to hinder the market growth during the forecast period.
The Global Mobile Health Market is segmented based on Devices, Services, Application and Region. The Device segment is classified into blood glucose meters, pulse oximetry, BP monitors, apnea and sleep monitors, neurological monitoring devices, wearable fitness sensor device & heart rate meters and others. The Service segment is bifurcated into monitoring services, diagnosis services, prevention, treatment, wellness and healthcare system strengthening solutions and monitoring services of which monitoring services is anticipated to grow at a high CAGR owing to the growing need for management of chronic diseases along with post-acute care management. The Application segment is classified into cardiovascular diseases, respiratory diseases, diabetes, neurological diseases and others.
As per the regional analysis, the APAC is expected to emerge as the fastest growing region in terms of market share headed by Japan, China and others. The growth of APAC region is witnessed owing to the high penetration of mobile healthcare platforms coupled with rising prevalence of chronic diseases.
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Major Key Players:
1 Medtronic Inc
2 Cardionet Inc
3 Ihealth Lab Inc
4 Philips Healthcare
5 BioTelemetry Inc.
6 LifeWatch AG
7 OMRON Corporation
8 Apple Inc
9 Qualcomm and More.................
Market segment by Regions/Countries, this report covers
1 North America
2 Europe
3 Asia Pacific
4 Latin America
5 Rest of the World
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This study answers to the below key questions:
1 What will the market size be in 2025 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Mobile Health Market.
Major Points in Table of Contents:
Global Mobile Health Market Report 2019
1 Global Mobile health Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Mobile health Market Dynamics
5 Global Mobile health Market, By Device
6 Global Mobile health Market, By Services
7 Global Mobile health Market, By Application
8 Global Mobile health Market, by Regional Analysis
9 Competitive Intelligence
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