Global mHealth market is projected to attain a size of $132.2 billion by 2023

Friday, October 12, 2018 Medical Gadgets
Email Print This Page Comment bookmark
Font : A-A+

LONDON, Oct. 11, 2018 /PRNewswire/ -- mHealth Market by Offering (Connected Devices [Blood Pressure Monitors, Blood Glucose Monitors, ECG Monitors, Multiparameter Monitors, Pulse Oximeters, Sleep Apnea Monitors], Services [Preventive, Diagnosis & Consulting, Treatment, Healthcare System Strengthening, Fitness & Wellness, Remote Monitoring], mHealth Apps (Healthcare Apps [General Health & Fitness {Health Tracking, Obesity & Weight Management, Fitness & Nutrition}, Chronic Care Management Apps {Mental Health & Behavioral Disorder, Diabetes Management, Blood Pressure & ECG Management, Cancer Management}, Medication Management Apps, Women Health Apps {Pregnancy, Fertility, Breastfeeding}, Personal Health Record Apps, Medical Apps {Medical Reference, Diagnostic, Alert & Awareness, Continuing Medical Education}]), by Stakeholder (Mobile Operators, Device Vendors, Application/Content Players, Healthcare Providers), by Geography (U.S., Canada, Germany, U.K., Italy, France, Spain, Japan, China, India, Australia, Brazil, Mexico, Saudi Arabia, South Africa) - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

Download the full report: https://www.reportbuyer.com/product/5586802 Global mHealth market is projected to attain a size of $132.2 billion by 2023, according to P&S Market Research. The market is mainly
driven by increasing penetration of smartphones, tablets and other mobile platform; increasing utilization of connected medical devices and mHealth application; and increasing healthcare cost. In addition to this growing geriatric population, rising demand for patient monitoring services and rising focus on patient-centric healthcare service also support the growth of the market. Insights into market segments Based on the offering, the mHealth market has been categorized into connected devices, services, and mHealth apps. The market for mHealth apps is projected to witness fastest growth, at CAGR 38.9% during the forecast period. This is attributed to rising number of smart phone users and increasing mobile health application downloads. The connected devices category is further bifurcated into blood pressure monitors, blood glucose monitors, ECG monitors, multiparameter monitors, pulse oximeters, sleep apnea monitors, and others. Among these, blood pressure monitors held the largest share of 28.7% in the mHealth connected devices market in 2017. This is attributed to the increasing prevalence of chronic diseases and easy mobility of these devices. Based on the stakeholder, the mHealth market has been categorized into mobile operators, device vendors, application/content players and healthcare providers. During the forecast period, the fastest growth in this market is expected from the application/content player category reporting CAGR of 37.4%. North America to dominate the global mHealth market throughout the analysis period Geographically, during the historical period, North America held the largest share in the mHealth market, with 37.8% in 2017. This leading position of the regional market is mainly due to the increasing healthcare spending, growing geriatric population, rising prevalence of chronic and lifestyle associated disease and improving consumer accessibility to connected medical devices. Increasing aging population with chronic diseases further add to the demand of remote monitoring devices and different mobile health applications. According to the United Nation Department of Economic and Social Affairs (UNDESA), world population aging 2017 report, in North America, the population of people aged 60 years or above was approximately 78.4 million in 2017, and the number is estimated to reach 122.8 billion by 2050. This rise in the aging population and increasing chronic diseases lead to the increasing requirement of patient centric mobile applications, thereby driving the growth of the market in the region. Market players are introducing new digital health application through acquisitions The major players in the mHealth industry are acquiring related business unit of the other companies for introducing new digital health solutions. For instance, in July 2017, BioTelemetry Inc., acquired LifeWatch AG, a healthcare technology and solutions company, specialized in advanced digital health systems and wireless remote diagnostics patient monitoring services. The acquisition was aimed at strengthening BioTelemetry's market position in remote cardiac monitoring and diagnostic services. Some of the other key players in the mHealth market are Medtronic plc, Koninklijke Philips N.V., OMRON Corporation, Johnson & Johnson, athenahealth Inc., Cisco Systems Inc., iHealth Labs Inc., AliveCor Inc., AgaMatrix Inc., and AirStrip Technologies Inc.Download the full report: https://www.reportbuyer.com/product/5586802 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: sarah@reportbuyer.com Tel: +1 (718) 213 4904 Website: www.reportbuyer.com

Cision View original content:http://www.prnewswire.com/news-releases/global-mhealth-market-is-projected-to-attain-a-size-of-132-2-billion-by-2023--300729779.html

SOURCE ReportBuyer



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store