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Mobile Health Market 2017-2022 / Growth, Trends, Forecast And Key Players are Cardionet, Inc., Ihealth Lab, Inc., Medtronic, Inc., Philips Healthcare And Qualcomm Life

01-16-2020 02:05 PM CET | Health & Medicine

Press release from: Kenneth Research

Mobile Health Market 2017-2022 / Growth, Trends, Forecast

The Global Mobile Health market is projected to reach USD X billion in 2022, up from about USD X billion in 2017, growing at a CAGR of X% during the forecast period 2017-2022.The major driver for this market has been identified as the growing penetration of mobile devices such as smartphones and tablets. The market has flourished because of the need to provide a cost-effective and efficient healthcare system globally.

The need arose due to rising incidences of chronic diseases and increasing healthcare costs. And this need has been taken care of by the use of mApps, connected mobile devices, and wearables by patients. In the near future, innovation in the mHealth market will be led by theevolution of smart devices, better wireless coverage and enhanced remote monitoring. With rising awareness and favourable regulatory impositions, the market is expected to yield significant revenues in the future.

Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10065021

MARKET DYNAMICS
MARKET DRIVERS:
Affordability of smartphones and their widespread penetration.
Integration of wireless technologies and other technological innovations.
Low cost and higher convenience associated with the use of mobile devices.
Rising incidences of chronic diseases and other lifestyle diseases.

MARKET RESTRAINTS:
Stringent regulations by administrations such as the FDA and EU.
Lack of skilled personnel and thus improper guidance for patients.
Risk of data thefts and other data privacy issues.
Lack of accuracy due to technology in its beta state.

MARKET SEGMENTATION:
The global mobile health market can be segmented on the basis of:

1. Equipment/Connected Medical Devices:Blood Glucose Meters, BP Monitors, Pulse Oximeters, Neurological Monitoring, Cardiac Monitors, Apnea & Sleep Monitor, Wearable fitness sensor device and Heart Rate Meters, Others. Blood pressure Monitors Market has up to date accounted for the largest share of the global connected medical devices market. But, with a worldwide increase in diabetes cases, the Blood Glucose Meters market is the fastest growing segment during the forecast period.

2. mHealth Services:Prevention Services, Treatment Services, Diagnosis Service,Monitoring Services, Wellness Services,Strengthening Solutions, Healthcare Systems. The Monitoring Services Segment has held the highest market share till 2017 although the fitness and wellness service is the fastest growing segment during the forecast period. This is due to the increasing awareness of the benefits of maintaining healthy lifestyles.

3. mHealth Apps:General Health and Fitness Apps, Chronic Care Management Apps, Women's Health Apps, Personal Health Record, Medication Management, and others. General health and fitness apps segment held the highest market share till 2017 but is expected to be overshadowed by the chronic care management apps segment during the forecast period.

GEOGRAPHICAL ANALYSIS:
On the basis of geography, the global mobile health market can be segmented into North America, Europe, Asia-Pacific and Rest of the World.

North America: It is the market leader in terms of value up until the forecast period and is expected to continue its dominance in the forecast period. High per capita income, existing infrastructure for said market, rising healthcare issues and favorable government rulings, all work in favor for high growth of mHealth market in this region in the forecast period.

Read More:https://www.kennethresearch.com/report-details/global-mobile-health-market/10065021

Europe: Expected to grow at a slightly higher growth rate than North America, Europe is presently 2nd behind North America in terms of value in the mHealth market.

Asia-Pacific: This region is expected to offer considerable growth opportunities for market players in the forecast period. Improving facilities for internet connectivity, smartphone availability, and network expansion partnered with rising healthcare problems is sure to set the market growth on an upward curve.

KEY PLAYERS:
Cardionet, Inc.
Ihealth Lab, Inc.
Medtronic, Inc.
Philips Healthcare
Qualcomm Life

Contact Us
David
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

David
sales@kennethresearch.com
Kenneth Research

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