The Global Mobile Health market was worth USD 13.68 Billion in 2016 and is expected to reach USD 62.83 Billion by 2021 at a CAGR of 35.65 %.
Hyderabad, India -- (SBWIRE) -- 03/14/2018 -- Market Data Forecast has announced the addition of the "Mobile Health Market by Connected Devices (Blood Pressure Monitor, Glucose Meter, Pulse Oximeter) by applications (Weight Loss, Women's Health, health and fitness, Chronic care management, Personal Health Record and Medication) by services (Remote Monitoring, fitness and wellness, Consultation, Prevention) and by region - Global Industry analysis, size, share, growth, trends, and forecasts (2016-2021)" report to their offering.
Mobile Health aims to use the latest technology to manage health care with a negligible use of resources. Mobile health includes real-time monitoring of patients, communication with specialists, and telecare devices. With the advent and penetration of wireless technology, the mobile health market is definitely on the rise.
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Mobile Health Market: Drivers and Challenges
Some of the key factors that are fuelling the mobile health market are growth in the number of patients, rising demand for efficient health care, Increase in Geriatric population the advent of technologies like 3G & 4G and increasing awareness among people regarding health care.
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Major challenges which the market needs to overcome are resistance towards new technologies in growing economies and strict regulations of government regarding trials of new health care technology.
Some of the major manufacturers of the global mobile health market are Cardionet.inc, I health
lab.inc, Medtronic.inc, Philips healthcare, QUALCOMM life, Samsung electronics co ltd, Vodafone.
By geography, the Global mobile healthcare market can be analyzed under various regions namely North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. North America commanded the major market share while Asia-Pacific and Latin America are expected to witness a high CAGR during the forecast period.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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