mHealth Market to 2025
No of Pages: 150 Published: Aug 2018 Single User PDF: US$ 4550
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mHealth Market to 2025
Introduction
In our study, we have segmented the mhealth market by services, devices and end user. Based on services, the market is classified as remote monitoring services, diagnosis services, treatment services, health support services, fitness & wellness services and others. In 2016, the remote monitoring services segment held the largest share of the market, by services. On the basis of the devices segment the market is segmented into insulin pump, BP monitor, glucose monitor, personal pulse oximeters and others. Based on end user, the market is categorized into mobile operators, devices vendors, health providers and others. The mhealth market is estimated to account for US$ 246,820.4 Mn by the end of 2025, escalating at a CAGR of 31.3% during the forecast period from 2018 to 2025, rising from US$ 22,722.1 Mn in 2017.
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mHealth Market to 2025
The growth of the mhealth market can be attributed to the increasing adoption of the wearable devices such with improved technology are considered as reliable tools for advanced health monitoring systems such as smart watch and fitness tracker. The devices include the features such as user-friendly, self-effacing and connected, wireless data transmission, real-time feedback, and alerting mechanisms. Due to owing these factors and with the improved technology, the mobile health and their innovative applications are help to drive the market in the forecast period. However, the policies and regulations for mHealth expected to hinder the growth of the global mhealth market. The increasing advancements such as open source hardware, personal medical devices, and mobile phone apps are creating more opportunities for custom-made medical devices and personalized care. They bring new challenges in balancing the need for regulation with the need to innovate flexibly and efficiently for ensuring safety and performance of the medical device. To accelerate adoption of mobile health services and to ensure that they fulfil their promise, it is important to put in place supportive policies and regulations. Regulators in the U.S. and Europe are introductory to recognize and respond to these regulatory issues related to systems and interfaces.
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mHealth Market to 2025 Companies Mentioned 1. LifeWatch 2. KONINKLIJKE PHILIPS N.V. 3. Medtronic 4. Boston Scientific Corporation 5. athenahealth, Inc. 6. Honeywell Life Care Solutions 7. Cisco Systems, Inc. 8. OMRON Corporation 9. Masimo 10. AgaMatrix, Inc
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mHealth Market to 2025
On the basis of services, the market is segmented into remote monitoring services, diagnosis services, treatment services, health support services, fitness & wellness services and others. The remote monitoring services expected to hold the largest share in the forecast period. The remote monitoring services act as a primary and secondary support function which is used to provide secure & real-time monitoring and also helps to deliver a superior enduser experience. Additionally, the services include the web based transactions such as customer logins, purchase and cart order fulfillment, filling of web forms, and other user interactions to the users. Among the devices, the demand for the mhealth is significantly high for insulin pumps, followed by BP monitor. Diabetes is rapidly becoming a major health widespread in most regions of the world. The insulin pumps are portable devices that are used to check the sugar level in diabetic patients. For the diagnosis of the diabetes, diabetes self-management products has been developed in the market, aimed at help to improve the lives of people with diabetes. Additionally, increased in technological advancements in the products and devices can be another factor which likely to drive the growth of the mhealth market during the forecast period.
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