The Europe Mobile Health Market to grow at a CAGR of 34.29% by 2021

As per the syndicated report published by Market Data Forecast Europe Mobile Health Market which is estimated to be USD 3.56 billion in 2016 is poised to reach USD 15.53 billion by 2021, at a CAGR of 34.29% from 2016 to 2021. It can attributed to the factors such as spreading awareness at hospitals and health clinics towards mobile health procedures, Development in the technology, Increasing demand of electronic devices such as tablets, PC, smartphones, etc. and Improving healthcare infrastructure in developing markets. However certain challenges like stringent government laws, improper facilities and lack in skilled personnel must be dealt with to attain the full potential.

To give a brief idea, Mobile health refers to the performance of medical care procedures over mobile phones by the usage of wireless technology. As mobile phones have become the fastest means of communication the advancements in healthcare infrastructure utilizes social media for its faster process.

Mobile health has several merits which include less cost, it’s easy to access and it can be anonymously used. The Mobile health is necessary because Efficiency increases, Enhancement of quality, Evidence must be provided, Empowering consumers, Encouragement to patients, Education with better understanding, Enabling easy accessible information, Establishment of better facilities, Ethics involvement and Equity in the field of healthcare. Internationally, most of the industrialized nations are spending a huge part of their GDP on healthcare necessities.

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Europe Mobile Health Market is segmented based on connected devices, services and application as mentioned below for attaining a more granular perspective of the market. In the report each sub-segment is provided with Market Size Estimations and Y-o-Y Forecasts.

Based on Connected Devices:
• Blood Pressure Monitor
• Glucose Meter
• Pulse Oximeter

Based on Services:
• Remote Monitoring
• Consultation
• Prevention

Based on Application:
• Weight Loss
• Women's Health
• Personal Health Record
• Medication
• Others

Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). However, remote monitoring services possess the major chunk in the market which leads to higher CAGR.

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I health lab.inc, Philips healthcare, Cardionet.inc, QUALCOMM life, Samsung electronics co ltd, Medtronic.inc and Vodafone are the major players operating in the Europe Mobile Health Market. Therefore, there is establishment of new players which leads to increase in competition among the players in the market.

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The Europe Mobile Health market report offers wide-range of scope:

• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries

• Know more about key areas of industry growth via detailed Segment-level analysis on basis of connected devices market, applications market and services along with market size forecasts and y-o-y estimations

• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics

• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics

• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview

• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market

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