Mobile Health Market Expected to Grow at Outstanding 36.5 % CAGR by 2022 | MarketResearchFuture.com
Market Research Future has published a report on the global Mobile Health Market which provides relevant insights and a deeper understanding of the trends influencing growth. The report also surveys the competitive landscape and identifies key market players and the strategies they use.
Pune, India – May 1, 2018 /MarketersMedia/ —
Mobile Health Market Insights:
One of the fastest growing markets, Mobile Health (mHealth) is expected to grow explosively during the forecast period. The key driving factor responsible for this astounding growth is the worldwide increasing adoption of digital devices.
MRFR’s report projects a global market evaluation of 21.71 billion by 2023 and 36.5% CAGR during the forecast period. Key growth factors driving the market include the development of the healthcare sector by leaps and bounds in the past few years as well as the rapidly increasing availability of personal health devices that can be worn easily and connected to a smartphone or tablet. Personal digital devices such as smartphones and tablets are used on a wide scale globally and there are a variety of applications that can help patients manage their health with relative ease, thus facilitating rapid growth of the mHealth market. The integration of wireless technologies with portable devices, cost effectiveness and ease of use are other factors that have been identified as growth facilitators for this market.
Developing government regulations and a lack of technological awareness in the geriatric population are expected to restrain growth. However, despite market restraints the scope is expected to overshadow constraints and a significant growth in the global market is expected during the forecast period of 2017 to 2023.
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Mobile Health Market Segmentation
In MRFR’s report, the global mHealth market is segmented on the basis of ecosystem, therapeutics and application type.
On the basis of ecosystem the market is segmented into medical devices, mobile health apps & content solution and healthcare & pharmaceuticals.
On the basis of therapeutics the market is segmented into diabetes, respiratory, mental & neurological disorders and fitness & lifestyle.
On the basis of application the market is segmented into monitoring applications, diagnosis & treatment, education & awareness, healthcare management, wellness & prevention and remote data collection. Of these, monitoring applications hold the largest share of 61.8%.
Mobile Health Market Regional Analysis
MRFR’s report further analyzes the market based on region including the Americas, Europe, Asia Pacific (APAC) and the Rest of the World (ROW).
The Americas lead the market as the region includes developed countries such as Canada and the U.S. These countries have a well-developed healthcare sector and a strong adoption of the latest digital technology which has helped facilitate growth in the region. There is also a strong presence of key market players in this region.
Asia Pacific is projected to be the fastest growing regional market segment during the forecast period. In rapidly developing countries such as China and India there is a growing awareness of diseases and other health related issues which, is a major market driver. The region is also seeing a high penetration of the mobile platform as well as digital devices and countries such as Japan are embracing modern digital technology with ease.
Europe, due to similar growth patterns as North America is also expected to grow significantly during the forecast period.
Over all, the global market is expected grow across all regions with the exception of underdeveloped nation in Africa where there is a low penetration of mobile platforms and digital devices.
Mobile Health Market Key Players
Eminent players that contribute significantly to the competitive landscape of this market include Agamatrix Inc., Alivecor Inc., Apple Inc., Athenahealth Inc., GE Healthcare, Jawbone Inc., Google Inc., AT&T Inc., Biotelemetry Inc., Johnson & Johnson, Philips Healthcare, Laboratory Corporation of America Holdings and others.
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Latest Mobile Health Industry News
Sutter Health has been seeing success with the enterprise version of Google glasses. The recent adoption of the technology is reportedly already making a positive difference. The devices are embedded with Augmedix’s mHealth technology which helps reduce administrative tasks so that physicians can spend more time caring for patients. One of the most popular uses for these glasses is the translation of patient appointments into medical records, this allows for more accurate records and a low margin for human error.
Major TOC For Mobile Health Market Research Report- Global Forecast To 2022:
1 REPORT SCOPE
1.1 SCOPE OF THE STUDY
1.1.1 MOBILE HEALTH (MHEALTH): REPORT COVERAGE
1.1.2 XX RESEARCH METHODOLOGY
1.1.3 RESEARCH METHODOLOGY FOR THE GLOBAL MARKET STUDY
1.1.3.1 Geographical Analysis
1.1.3.2 Demand Side & Supply Side Analysis
1.1.3.3 Data Synthesis & Bridging
1.1.4 GLOBAL MOBILE HEALTH (MHEALTH): RESEARCH METHODOLOGY
1.1.5 KEY DATA POINT SOURCES
1.1.5.1 Data Points Taken From Secondary Sources
1.1.5.2 Data Points Taken From Primary Sources
1.1.6 REPORT DESCRIPTION
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 MARKET DYNAMICS
3.2.1 MARKET DRIVERS
3.2.1.1 Patients Involvement In Personal Healthcare
3.2.1.2 Proliferation Of Smartphones And Wearable Devices Into Healthcare
3.2.1.3 Integration Of Wireless Technologies With Portable Healthcare Devices
3.2.1.4 Introduction Of Connected Healthcare Solutions In The MHealth Market
3.2.1.5 Benefits Of Cost Effectiveness And Patients’ Convenience
3.2.1.6 Increase In Lifestyle Disease
3.2.2 MARKET CHALLENGES
3.2.2.1 Low Rate Of Literacy And Language Barriers In Low- And Middle-Income Countries (LMICs)
3.2.2.2 Invasion Of Privacy
3.2.2.2.1 Security Breach Cases
3.2.2.2.2 Potential Risk Of Hardware Or Software Failure
3.2.2.2.3 Stringent Regulations And Standards
3.2.2.2.4 Lack Of Awareness About The Possible Applications Of MHealth
TOC Continued…!
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