What's driving the mHealth Market Size? | Key Players are Medtronic, Johnson & Johnson, athenahealth, Cisco, iHealth Labs, AliveCor Inc., AgaMatrix, AirStrip

The global mHealth market is being driven by the increasing penetration of tablets and smartphones, and growing adoption of connected healthcare devices and mHealth apps. Rising geriatric population prone to chronic diseases, increasing focus on patent-centric healthcare, and growing demand for remote patient monitoring are also helping in this regard. Generating a revenue of $23.0 billion in 2017 as per a P&S Intelligence study, the market is predicted to advance through the forecast period 2018–2023 at a CAGR of 33.5%!

Download free report sample at: https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market/report-sample

mHealth refers to the collection of medical data and delivery of healthcare services via mobile phones and tablets. On the basis of offering, the mHealth market can be divided into mHealth apps, connected devices, and services. Among these, the connected devices category led the market in 2017 with 57.2% share, due to a growing demand for remote patient monitoring solutions. In places, where people’s houses and healthcare centers are distant, these collect patients’ medical data and send it to medical practitioners via the internet, thus allowing for real-time disease management and improved patient outcomes.

Among the several types of connected devices available are blood pressure monitors, blood glucose monitors, multiparameter monitors, echocardiography (ECG) monitors, sleep apnea monitors, pulse oximeters, and others. In 2017, blood pressure monitors held the largest revenue share (28.7%) in the mHealth market owing to an increased prevalence of chronic disease and the easy mobility of such devices. While blood pressure monitors will still be the market leader during the forecast period, blood glucose monitors will witness the highest CAGR (31.9%) due to the increasing number of diabetes patients.

Browse full report at: https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market

Further, by monitoring patients’ condition, such apps also help in medical adherence, which is crucial to managing chronic issues. This feature, coupled with their easy availability and cost-effectiveness, is increasing their demand in high-income countries as well as low and middle-income countries. This gives mHealth market players a lucrative growth potential, as they could benefit by launching advanced chronic disease management apps. This is supported by the study finding that during the forecast period, mHealth apps category within the offering segment will advance with the greatest CAGR (38.9%).

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.

Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=mobile-healthcare-market

Some of the key players in the mHealth market:
1- Medtronic
2- Johnson & Johnson
3- athenahealth
4- Cisco
5- iHealth Labs
6- AliveCor Inc.
7- AgaMatrix
8- AirStrip

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.