GLOBAL INDUSTRY INSIGHT:
Mobile Healthcare (mHealth) Market Size, Share, Development, Growth
and Demand Forecast to 2020
Global
Mobile
Healthcare
(mHealth)
Market
Size,
Share,
Development, Growth and Demand Forecast to 2020
The global mobile healthcare (mhealth) market is growing significantly due to rising revelation to smart-phone with
technologies such as 3G and 4G networks in the industry. The expanding coverage of mobile networks and
increasing active subscribers are expected to support the growth of the mobile healthcare market. Massive
unexplored market in mhealth industry of developing economies are creating ample opportunities for the mhealth
market to grow at a considerable rate in the coming years.
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Global
Mobile
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In addition, inappropriate patient doctor ratio in the developing countries is also expected to fuel the growth of the
mobile healthcare market. The advanced research and development facilities and new applications and solutions
developments by the companies are further supporting increase in demand of the mobile healthcare (mhealth)
industry.
On the basis of type of devices of mobile healthcare (mhealth), the market can be categorized as blood glucose
meters, pulse oximeters, neurological monitoring, blood pressure monitors, cardiac monitors, wearable fitness
sensor devices and heart rate meter, sleep monitors and others. Blood pressure monitors lead the mhealth
market, by type of devices, due to increasing prevalence of hypertension and increasing affordability of mobile
compatible devices; while, blood glucose meters are expected to grow with the fastest rate in the coming years
due to increasing prevalence of diabetes.
On the basis of therapeutic, the market can be categorized as neurology, diabetes, cardiovascular, respiratory
and others. Moreover, on the basis of stakeholders, the market can be categorized as application players,
healthcare providers, mobile operators, and device vendors. The mobile healthcare (mhealth) market can be
segmented on the basis of services as monitoring services, wellness services, prevention services, diagnosis
services, healthcare system strengthening solution, treatment services and others.
Some of the factors driving the growth of mobile healthcare (mhealth) market are rising government initiatives,
increasing prevalence of lifestyle associated diseases such as diabetes, and obesity, technological advancement,
and increasing affordability of smart-phones. In addition, increasing prevalence of chronic diseases, rising
healthcare expenditure, rising need for constant monitoring of geriatric population, and rising government
initiatives are also some of the factors supporting the growth of global mobile healthcare (mhealth) market.
However, limited reimbursements, and uncertainty in government regulations are some of the factors restraining
the growth of the mobile healthcare (mhealth) market to some extent. Moreover, lack of data security and low
adoption due to lack of accuracy are some of the other factors inhibiting the growth of the global mobile
healthcare market.
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Global
Mobile
Healthcare
(mHealth)
Market
Size,
Share,
Development, Growth and Demand Forecast to 2020
Geographically, North America will be the leading mobile healthcare (mhealth) market in the coming years due to
increasing geriatric population, favorable reimbursement policies, and increasing lifestyle associated diseases.
Asia-Pacific is the fastest growing region in the global mobile healthcare (mhealth) market. The major reasons for
the fastest growth of the market in the region are increasing healthcare expenditure, large pool of patients and
increasing prevalence of lifestyle associated diseases in the region. Moreover, the mobile healthcare (mhealth)
market is growing due to increasing awareness among geriatric population in the emerging countries, such as
India and China, of Asia-Pacific region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices
Some of the companies operating in the mobile healthcare (mhealth) market are Philips Healthcare, Bayer
Healthcare, LifeWatch, Omron Healthcare, Inc., Johnson & Johnson, Boston Scientific, Sanofi, AT&T, Inc.,
Cardionet, Inc., and Masimo Corporation.
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