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mHealth Market Highlights, Business Overview, Global trends and Forecast to

Mar 17th 2020 at 2:28 AM

mHealth Market – Overview:

Mobile health (mHealth) is an emerging sector in the healthcare sector deemed to provide advice to patients through their mobile applications. The large penetration of smartphones, tablets, and other mobile devices due to the ease offered in making calls and other advantages has given mHealth applications a wide area to flourish. The global mHealth applications market report by Market Research Future (MRFR) has been compiled through painstaking analysis of customer needs and latest technological offerings by physicians and hospitals.

The wave of modernization in the healthcare sector has led to the penetration of the concept of mHealth greatly. Reports that gauge the healthcare IT industry has been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is forecasted to achieve a 36.5% CAGR in the upcoming forecast period.

The robust growth pace in the wearable health device sector has increased the expansion of the mHealth market globally. Moreover, increased usage of smartphones is also playing a key role in the growth of the market. Also, patients are increasingly involved and aware of their treatments which is expected to further influence the mHealth Market Highlights in the forecast period.

Competitive Analysis:

The escalated turnaround in the market is likely to set off new openings for the development of the market. The enhancement in different domestic economies is projected to encourage the progress of the market in the impending period. The ease in accessing key planned opportunities important to consequent stabilization of inflation is projected to generate a promising option for development in the approaching years. In the approaching years, the control exerted by fairly high-income level nations around the world and the likely gains observed towards a few of the currencies around the world is projected to strengthen the fruition of the market in the forecast period. A significant climb in the number of backers in the market is expected to craft an advantageous state of affairs for the evolution of the market in the projected period. The advancement of the market is projected to capture amplified impetus in the coming years chiefly due to the incidence of contributory government plans.

Major Players:

· Alivecor

· Apple

· Athenahealth INC

· AT&T

· Biotelemetry INC

· Agamatrix

· GE Healthcare

· Jawbone INC

· Johnson & Johnson

· Google INC

· Laboratory Corporation of America Holdings

· Philips Healthcare

Segmental Analysis:

· The segmental evaluation of the mHealth market is carried out on the basis of therapeutics, applications, and region.

· On the basis of therapeutics, the mHealth market has been segmented into respiratory, mental and neurological disorders, diabetes, fitness & lifestyle therapeutics and others.

· Based on the application the mHealth market is segmented into diagnosis & treatment, monitoring applications, healthcare management, education and awareness, wellness & prevention and remote data collection.

· On the basis of regions, the mHealth market is segmented into Asia Pacific, Europe, the Americas and the rest of the world.

Detailed Regional Analysis:

The regional assessment of the mHealth market includes regions such as Asia Pacific, Europe, the Americas and the rest of the world. With reference to the analysis, the Americas region is the principal market for the mHealth market. The big size of the regional market can be accredited to the mounting digital developments in medical technology. The Asia Pacific region is identified as the next major region for the global mHealth market. The European region in the mHealth market is anticipated to develop at a stable pace. Although mHealth grew out of developed nations, the field has changed in favor of the emergent countries, stemming from the speedy increase of the mobile phone penetration in low-income nations. Moreover, in a number of developing countries, more people have access to the internet and are also using it more frequently. However, the African region remains a dark continent for the global mhealth market owing to its poor socio-economic conditions.

Industry Updates:

Tandem Diabetes Care recently got approval for its Control-IQ Technology by the U.S. FDA to be used in insulin pumps. The algorithm allows automated insulin delivery while connected to an insulin pump and continuous glucose monitor. The approval was sanctioned due to the controller’s ability to deliver precise doses to type 1 diabetes patients without any external help.

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