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What are the Growth Drivers of mhealth Market? LifeWatch, KONINKLIJKE PHILIPS N.V., Medtronic, Boston Scientific Corporation, athenahealth, Inc., Honeywell Life Care Solutions, Cisco Systems, Inc., OMRON Corporation, Masimo, AgaMatrix, Inc.

03-25-2020 06:31 PM CET | Health & Medicine

Press release from: Market Study Report LLC

mHealth Market

mHealth Market

Market Study Report Provides A Detailed Overview Of Mhealth Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Mhealth Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report.

In our study, we have segmented the mhealth market by services, devices and end user. Based on services, the market is classified as remote monitoring services, diagnosis services, treatment services, health support services, fitness & wellness services and others. In 2016, the remote monitoring services segment held the largest share of the market, by services. On the basis of the devices segment the market is segmented into insulin pump, BP monitor, glucose monitor, personal pulse oximeters and others. Based on end user, the market is categorized into mobile operators, devices vendors, health providers and others. The mhealth market is estimated to account for US$ 246,820.4 Mn by the end of 2025, escalating at a CAGR of 31.3% during the forecast period from 2018 to 2025, rising from US$ 22,722.1 Mn in 2017.

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The growth of the mhealth market can be attributed to the increasing adoption of the wearable devices such with improved technology are considered as reliable tools for advanced health monitoring systems such as smart watch and fitness tracker. The devices include the features such as user-friendly, self-effacing and connected, wireless data transmission, real-time feedback, and alerting mechanisms. Due to owing these factors and with the improved technology, the mobile health and their innovative applications are help to drive the market in the forecast period. However, the policies and regulations for mHealth expected to hinder the growth of the global mhealth market.

The increasing advancements such as open source hardware, personal medical devices, and mobile phone apps are creating more opportunities for custom-made medical devices and personalized care. They bring new challenges in balancing the need for regulation with the need to innovate flexibly and efficiently for ensuring safety and performance of the medical device. To accelerate adoption of mobile health services and to ensure that they fulfil their promise, it is important to put in place supportive policies and regulations. Regulators in the U.S. and Europe are introductory to recognize and respond to these regulatory issues related to systems and interfaces. For instance, the NHS (National Health Service) in England, adopted the IEC 80001 standard for the management of risks in networks integrated with medical devices. However, these policy related and regulatory barriers must be overcome before these solutions can fulfil their promise.

On the basis of services, the market is segmented into remote monitoring services, diagnosis services, treatment services, health support services, fitness & wellness services and others. The remote monitoring services expected to hold the largest share in the forecast period. The remote monitoring services act as a primary and secondary support function which is used to provide secure & real-time monitoring and also helps to deliver a superior end-user experience. Additionally, the services include the web based transactions such as customer logins, purchase and cart order fulfillment, filling of web forms, and other user interactions to the users.

Among the devices, the demand for the mhealth is significantly high for insulin pumps, followed by BP monitor. Diabetes is rapidly becoming a major health widespread in most regions of the world. The insulin pumps are portable devices that are used to check the sugar level in diabetic patients. For the diagnosis of the diabetes, diabetes self-management products has been developed in the market, aimed at help to improve the lives of people with diabetes. Additionally, increased in technological advancements in the products and devices can be another factor which likely to drive the growth of the mhealth market during the forecast period.

The market for mhealth consists of well-recognized organizations as well as emerging companies namely; LifeWatch, KONINKLIJKE PHILIPS N.V., Medtronic, Boston Scientific Corporation, athenahealth, Inc., Honeywell Life Care Solutions, Cisco Systems, Inc., OMRON Corporation, Masimo, AgaMatrix, Inc. and among others.

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The Table of Contents

GLOBAL MHEALTH MARKET - INTRODUCTION 16
1.1 SCOPE OF THE STUDY 16

1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 16

GLOBAL MHEALTH MARKET - KEY TAKEAWAYS 18
GLOBAL MHEALTH MARKET - MARKET LANDSCAPE 21
3.1 OVERVIEW 21

3.2 MARKET SEGMENTATION 21

3.2.1 Global mHealth Market - By Services 22

3.2.2 Global mHealth Market - By Devices 22

3.2.3 Global mHealth Market - By End User 23

3.2.4 Global mHealth Market - By Geography 23

3.3 PEST ANALYSIS 24

3.3.1 North America - PEST Analysis 24

3.3.2 Europe - PEST Analysis 26

3.3.3 Asia Pacific - PEST Analysis 28

3.3.4 Middle East & Africa - PEST Analysis 30

3.3.5 South & Central America - PEST Analysis 32

More Details on this report: https://www.marketstudyreport.com/reports/mhealth-market-to-2025-global-analysis-and-forecasts?utm_source=openpr.com&utm_medium=ADS

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