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Mobile Healthcare Devices Market Value Chain and Forecast 2016-2026
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Mobile healthcare devices monitor consumers mainly for smoking, weight (loss/gain), healthy diet, regular exercise, physical activity, blood glucose, heart rate, blood pressure, cholesterol levels and body temperature.
Mobile Healthcare Devices Market: Drivers and Restraints
Mobile healthcare devices market has boosted the demand for user-friendly and self-monitoring devices in recent years, increasing prevalence of conditions such as heart problems, diabetes, hypertension, and respiratory disease and associated morbidity and mortality rates. Healthcare applications based on nutrition, lifestyle, personal healthcare record (PHR), well-being and personal guidance systems provide health information and medication reminders via a single text or through online medicines. Mobile healthcare devices have created a positive impact on healthcare devices which include blood pressure & cardiac monitors, ECG monitors, multiparameter trackers, glucose trackers, neurological monitoring devices, pulse oximeters, sleep apnea devices to name a few. Mobile healthcare devices aid in minimizing costs by avoiding unnecessary hospitalizations.
Penetration of 3G and 4G mobile networks provide healthcare services which is expected to drive the growth of the global mobile healthcare devices market. Misuse of data, uncertainty by the government regulations, low guidance from physicians in selection of healthcare apps and technology infancy concerns could restrain market growth during the forecast period.
Mobile Healthcare Devices Market : Regional Outlook
Geographically, the mobile healthcare devices marketis segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America has a major share in terms of value and volume owing to large number of manufacturers and growing awareness about the upcoming devices. Majority of U.S. consumers have concluded that mobile healthcare devices are helping them to improve the quality of their lives by monitoring their daily activities. APEJ and Latin American are anticipated to present immense growth opportunities for market players during the forecast period.
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In APEJ, electronics and medical device industries with their improved efficiency of the healthcare delivery system as well as healthcare workforce are expected to drive growth in the region through 2026. Mobile healthcare device market is largely driven by the vital signs monitoring devices and In Vitro Diagnostics (IVDs).
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