Sarasota, FL -- (SBWIRE) -- 07/24/2018 -- Zion Market Research has published a new report titled "mHealth Market by Devices, by Stakeholder, by Service, by Therapeutics, and by Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2022". According to the report, the global mHealth market was valued at USD 11.47 billion in 2014 and is expected to reach USD 102.43 billion by 2022, growing at a CAGR of at 32.5% between 2016 and 2022.

mHealth uses mobile and communication technologies in order to provide effective, safe, and affordable healthcare services through mobile such as mobile phones, PDA, tablet computers and wireless devices. mHealth technology captures real-time health information and helps in monitoring and diagnosis of diseases in remote locations. mHealth is an attractive solution that leverages the ability of mobile devices to address the prevalent problem of access to health care and rising costs.

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mHealth technology is used to provide effective, safe, and affordable healthcare services via different mobile devices, such as mobile phones, PDA, tablet computers and wireless devices. mHealth apps offer patient consultations, health instructions, and many more healthcare services in the easiest way.

The mHealth market is expected to witness strong growth within the forecast period. The global mHealth market is mainly driven by growing aging population and ubiquitous smartphones access. With increasing health awareness among people, growing chronic diseases such as diabetes, and increasing healthcare expenditure, the demand for mHealth is anticipated to witness outstanding growth over the forecast period. Cost efficacy of health care services, easily available on the mobile app and time efficiency are the key factor to fuel the mHealth monitoring and diagnostics devices market. However, some issues related to security and data safety may hamper the market. Nonetheless, increasing healthcare IT is expected to open up new growth opportunities in the years to come.

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The mHealth market has been segmented on the basis of different applications such as chronic care management apps, medical apps, women's health apps, and medication management, personal health record (PHR) apps, healthcare and fitness apps and others. Chronic care management apps include blood pressure & ECG monitoring apps, cancer management apps, diabetes management apps, mental health and behavioral disorder management apps and others. Healthcare and fitness apps are anticipated to show witness fastest growth in the years to come.

North America, Europe, Asia-Pacific and Rest of World are key regional markets for mHealth. The mHealth market dominated by North America, leading the overall market with over 30% share of total revenue generated in 2014. In terms of revenue, North America was followed by Europe and Asia-Pacific. Asia Pacific is also expected to grow at a rapid pace within the forecast period. Increasing health awareness among end-users in emerging economies such as India and China is fuelling the growth of mHealth market in the region. Latin America, and the Middle East & Africa hold significant market share in global mHealth market.

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Some of the major participants in global mHealth monitoring and diagnostic medical devices market include AT&T, Inc. (U.S.), Athenahealth, Inc. (U.S.), BioTelemetry, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Sanofi S.A. (France), Johnson & Johnson (U.S.), Philips N.V. (Netherlands), Apple, Inc. (U.S.), AirStrip Technologies Inc. (U.S.), LifeWatch AG (Switzerland), Nike Inc. (U.S.) Cerner Corporation (U.S.), Medtronic, Inc. (U.S.) and Omron Healthcare (Japan).