The global mHealth market has been examined as a swiftly growing market and expected to grow at a tremendous rate. Globally, market for mHealth is a high growth market. The growth of the market is majorly driven by proliferation of smartphones and wearable devices into healthcare. The mHealth market is based on the information communications technologies (ICT) network that complements services such as medical and health informatics.
These mobile applications help consumers in storing their medical records to improve coordination among healthcare providers. mHealth devices create a platform that enables the providers and patients to contact one another quickly using SMS, calls, or Internet-based video links. For example, Apple launched the Apple Watch that contains health and fitness app and also measures heart rate; resulting in providing mHealth benefits to consumers.
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Global M-Health Market Players:
- Agamatrix, INC,
- Alivecor, INC,
- Apple, INC,
- Athenahealth INC,
- AT&T, INC,
- Biotelemetry, INC. (CARDIONET),
- GE Healthcare,
- Google INC,
- Jawbone INC,
- Johnson & Johnson,
- Laboratory Corporation of America Holdings,
- Philips Healthcare
Market Research Analysis:
mHealth has an important quotient in the growth of healthcare market. In the coming years, it is expected that the mHealth market will advance with higher growth rate as compared to previous years. The current challenge for the market is low rate of literacy and language barriers in low- and middle-income countries (LMICs). This mainly attributes to the slow adoption rate of new technology by the healthcare industry Such instances mainly occur in cases of older generation professionals who do not want to adopt or are having difficulty in adopting new technologies. Hence, this factor hinders the growth of the overall mHealth market.
Test the market data and market information presented through more than 79 market data tables and figures spread over 301 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global mHealth Market Research Report – Forecast to 2022”
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- The mHealth global market is expected to reach $ 21.71Billion by 2022.
- Americas holds the largest market share of 34% of mHealth market globally.
- Europe market is expected to grow at a CAGR of 35.65%.
- Monitoring application segment hold 61.8% market share of global mHealth market by application.
The global mHealth market is one of the fastest growing industries, owing to the changing dynamics of the legal and regulatory workflow and the intense competitive rivalry among large number of public companies. Mobile health (mHealth) is also one of the most modernized trends in the healthcare industry that has shown tremendous progress in the last few years. This trend is observed due to the increasing growth of personal health devices, which can be easily worn or used with a smartphone or tablet. The various factors that influence the growth of mHealth market are patient’s involvement in personal healthcare, implementation of smartphones and wearable devices into healthcare industry, integration of wireless technologies with healthcare devices that are portable, benefits of Cost effectiveness and patients’ convenience and Increase in lifestyle diseases. Globally the market for mHealth is expected to grow at 36.5% CAGR (2016-2022).
LIST OF TABLES
TABLE 1 EADING COMPANIES IN THE MHEALTH MARKET
TABLE 2 SECURITY BREACHMENT CASES/ DEVELOPMENTS (2011-2015)
TABLE 3 M-HEALTH INDUSTRY: KEY PARTNERSHIPS
TABLE 4 VALUE CHAIN: KEY PARTICIPANTS OFECOSYSTEM
TABLE 5 CONSORTIUMS IN MHEALTH MARKET
TABLE 6 ALLIANCE/ASSOCIATIONS IN MHEALTH MARKET
TABLE 7 REGULATORY BODIES IN MHEALTH MARKET
TABLE 8 MHEALTH MARKET CERTIFICATIONS
TABLE 9 FACTORS IMPACTING THE BUYER’S BARGAINING POWER
TABLE 10 FACTORS IMPACTING THE SUPPLIER’S BARGAINING POWER
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