A
research study titled, mHealth Market by Product - Global Industry Analysis and
Forecast to 2025” published by Crystal Market Research, states that
the mHealth market is projected to be around $217 billion by 2025.
The
outlook towards healthcare has drastically changed in recent times. The use of
mobile and wireless technology has enabled the transformation of health
services delivery across the globe; the most crucial contribution being the
elimination of the geographic distance or boundaries between the patients and
the healthcare providers. The proliferation of mobile devices and electronic
health systems is creating wonders in the healthcare industry. With the advent
of mobile technology based products and services, diagnosis and treatment
decisions are becoming more patient centric. These products provide key
information and early warnings about an illness. mHealth is a medical practice
enabled and supported by different mobile devices such as mobile phones, tablets,
computers, patient monitoring devices, personal digital assistants, and other
wireless devices. Lately, mHealth has become a necessity rather than an option.
mHealth applications are being widely used by doctors in their daily practice.
They assist doctors to consult, diagnose, treat, and monitor their patients.
Doctors can provide optimal treatment to their patients as mHealth enables them
to lookup patient’s information instantly and take informed decisions.
Get Free Sample of this Report@:https://www.crystalmarketresearch.com/report-sample/HC0659
Rapid
increase in penetration of smartphones, rising utilization of mHealth mobile
apps by people, high adoption of wireless technology enabled medical devices by
the healthcare industry, and increased emphasis on patient-centric healthcare
service delivery are some of factors contributing to the market growth.
According to the data revealed by the National Center for Biotechnology
Information (NCBI), as of 2015, two-third of the overall U.S. population and
82% of U.S. citizens in the age group 18 to 49 years owned an app enabled
mobile-phone. With rising penetration of high speed internet connectivity in
low and middle income countries and availability of affordable smartphones, the
global mHealth market is set to witness robust growth in next five years.
However, concerns related to data security and resistance by traditional
healthcare providers in developing countries can hamper the growth of the
global mHealth market.
The
major players have been developing highly sophisticated products to outperform
their competitors in the global mHealth market. In June 2014, Apple, Inc.
launched Health kit, a health data tracking platform which collects data from
different fitness and health apps and makes it available to Apple users through
its Health app. In September 2016, Nike Inc. and Apple Inc. collaborated
together to launch the Apple Watch Nike+, a combination of Apple Watch Series 2
and Nike sports bands along with integration with the Nike+ Run Club app. This
device is exclusively designed for runners to assist them in scheduling,
monitoring, and enhancing their running routines. Some of the key players
operating in the global mHealth market are, Fitbit, Inc., Dexcom, Inc.,
AliphComdba Jawbone, Dexcom, Inc., Nike, Inc., iHealth Labs Inc., AT&T
Corp, AgaMatrix, Inc., AliveCor, Inc., Life Watch AG (acquired by BioTelemetry,
Inc.), athenahealth, Inc., Apple, Inc., Cerner Corporation, Medtronic
plc, Koninklijke Philips N.V, Omron Healthcare, Inc.
Rapid
innovations will characterize the future growth of the mHealth market. With
more and more companies launching innovative products, the competition in the
market is and will be fierce over the coming years. Emerging markets propose
lucrative growth opportunities for mHealth providers. For instance, in January
2016, the Government of India launched Kilkari, a mobile health service under
the Digital India program. This platform delivers weekly audio messages to the
expecting mothers giving them helpful insights about child care, pregnancy, and
child birth.
Browse
full research report with TOC on “MHealth Market by Product and by Service -
Global Industry Analysis and Forecast to 2025” at:
Key
Findings of the Research Study:
- Vital signs
monitoring segment held the largest share of mHealth market in 2016 owing
to the associated convenience of these devices for the patients in
monitoring their vital health parameters personally eliminating the need
to visit a physician.
- In
the mHealth apps segment, the healthcare apps sub-segment accounted for a
majority market-share in 2016 as such consumer-centric apps are being
rapidly adopted around the world for regularly monitoring heath
status by consumers.
- North
America held the largest share of the global mHealth market in 2016 owing
to factors such as rapid adoption of mHealth devices and mobile apps by
the population, presence of robust internet connectivity in the region
along with extensive penetration of smart mobile devices such as tablets
and smartphones.
- Asia-Pacific
mHealth market is expected to grow with the highest CAGR throughout the
forecast period owing to increasing demand for mHealth solutions such as
wearable health devices in the region along with favorable government initiative
to promote adoption of mHealth solutions.
About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
Contact Us:
304
South Jones Blvd, Suite 1896,
Las
Vegas NV 89107,
United
States
Toll Free:
+ 1-888-213-4282
Email:
sales@crystalmarketresearch.com
Website:
www.crystalmarketresearch.com
No comments:
Post a Comment