Mhealth Device Market in US: Technological Trends and Opportunities - 2028

U.S. Mhealth Device Market Analysis Report by Device Type (Smartphone, Tablets, IoT Devices, Mobile Broadband and Mobile Computers), Application (Diagnosis & Treatment, Real Time Tracking, and Data Collection): Global Opportunity Analysis and Industry Forecast, 2021-2028

U.S. Mhealth device market 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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Mhealth is one of the types of the electronic health. It is defined as the public health practice assisted by the use of mobile computers. The mobile computers include smartphones, tablets, IoT devices, mobile broadband, and mobile computers. Further, mobile computers include devices such as blood glucose monitor, blood pressure monitor, heart rate monitor, sleep monitor, insulin pumps, and pulse oxymeter. These devices collect and store the patient-related information, which is used in diagnosis and treatment of various diseases. The major applications of the mhealth devices are diagnosis & treatment, real-time tracking, and data collection.

Factors such as change in lifestyle of the people, high adoption of smartphone and tablet in the healthcare sector, and development of the new and advanced devices drive the mhealth device market growth.

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Consumers prefer devices that are portable and easy to carry and possess features such as easy connectivity with the internet, data sharing among the connected devices, i.e., from patient to healthcare professionals, which in turn drives the growth of the mhealth devices market revenue. In addition, increase in demand in diagnosis and treatment in the COVID like situation further contributes to the market growth.

The market players such as MASIMO, Philips, and Medtronic are focusing their investment on technologically advanced and cost-effective products. For instance, MASIMO, in June 2020, launched Masimo Sleep, designed to help consumers better understand the quality of their sleep. It uses lightweight sensor, while sleep app collects the user's data using clinically proven Masimo SET pulse oximetry to track changes in key vital signs during sleep. Medtronic launched InPen integrated with real-time Guardian Connect CGM data. It is the first and only FDA-cleared smart insulin pen on the market for people on multiple daily injections (MDI).

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The key market players extensively profiled in the U.S. mhealth device market report 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, and HCHB. These players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the industry.

Research Methodology:
The global U.S. mhealth device market was thoroughly researched through a comprehensive approach combining primary and secondary research methodologies. Secondary research provided a broad overview of goods and services, whereas primary research delved deeper into the various factors driving the market. To obtain comprehensive insights into the industry, a meticulous search was undertaken utilizing various sources such as press releases, specialized business periodicals, and government websites. This meticulous research methodology has provided a unique and extensive insight into the global linear lighting market.

The Report Provides:
⦁ Assessment of market share at both regional and country levels.
⦁ Analysis of market share for key industry players.
⦁ Strategic recommendations tailored for new entrants.
⦁ Forecasts for all mentioned segments and regional markets over the next decade.
⦁ Exploration of market trends, including drivers, challenges, opportunities, threats, investment opportunities, and recommendations.
⦁ Strategic recommendations specifically focused on the primary business segment within the market forecast.
⦁ Overview of major general trends through competitive landscaping.
⦁ Company profiling with detailed insights into strategy, financials, and recent developments.
⦁ Mapping of the latest technological progress and supply chain trends.

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