U.S. Mhealth Device Market is Projected to Reach $53.25 Billion by 2028 | Registering a CAGR of 19.6%

Allied Market Research published a report on U.S. Mhealth Device Market by Device Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2028. The global U.S. Mhealth device industry size was valued at $12.11 billion in 2019, and is projected to reach $53.25 billion by 2028, registering a CAGR of 19.6%.

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The U.S. mhealth device market is witnessing significant growth, owing to changing lifestyle of the people and increase in use of the smartphone and other mhealth devices. According to CXOs of the top companies in the market, the factor that fuels the growth of the global mhealth device market includes the profound impact of the use of smartphones and tablets in the healthcare sector.

Furthermore, experts of key companies believe that mhealth has the potential to make healthcare innovative, accessible, and affordable. However, it requires a strong wireless network and robust IT infrastructure to handle several devices at the same time. Healthcare firms and service providers are expected to leverage the technologies in the most effective way.

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The key reason behind the growth of mhealth devices can be attributed to factors such as surge in adoption of smartphones and tablets and the development of new and advanced technologically featured products. These smartphones are widely being used for the patient's data collection, ongoing condition monitoring, proper communication with healthcare service providers, access to healthcare information, and others.

Competitive Analysis:

The company profile section of the U.S. Mhealth Device Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.

Some of the major key players of the global U.S. Mhealth Device Market include,

• Ascom Holding AG
• Kaiser Permanente
• Honeywell International Inc.
• General Electric Company
• Zebra Technologies Corp
• Vivify Health, Inc.
• Cybernet Manufacturing, Inc.
• Medtronic Plc
• NETSCOUT Systems, Inc.
• Boston Scientific Corporation
• Masimo, Agamatrix Inc.
• Athenahealth Inc.
• Omron Corporation
• Koninklijke Philips NV
• HCHB.

Report Overview:
https://www.alliedmarketresearch.com/us-mhealth-device-market-A11325

Market players are striving to gain maximum opportunities from growing mhealth device market by planning their strategies meticulously. Strategic partnership, collaboration, and product launches are some of the prominent strategies adopted by key market players in the U.S. mhealth device market. For instance, Philips acquired BioTelemetry, Inc., a leading U.S.-based provider of remote cardiac diagnostics and monitoring, to strong fit with Philips cardiac care portfolio.

Market players are expanding their businesses to new industry verticals with enhancements to its performance partner program giving channel partner sales representatives of Honeywell Safety and Productivity Solutions like mobile computers, barcode scanners, printers, and other solutions, and provide representatives with the chance to receive rewards by selling products.

Key Findings of the Study

• By device type, the mobile computers segment generated the highest revenue in the U.S. mhealth device market.

• By application, the diagnosis & treatment generated the highest revenue in the U.S. mhealth device market.

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