The Global M-Health Device Market is expanding pervasively, mainly due to the augmenting uptake of these devices through the advanced healthcare facilities. M-health is a most disruptive trend ever occurred in the healthcare sector that has entirely changed the paradigm of medical practices, providing surgical expertise even to the most critical locations such as the battlefields.
Moreover, the market penetration of smart mobile devices such as phones, computers, tablet or PDAs and wearable devices like smartwatches alongside the proliferation of the Internet escalates the market on the global platform.
Acknowledging the exponential growth, the market perceives currently, Market Research Future (MRFR), in its recently published market forecast asserts that the global m-health device market will reach USD 4757.2 MN by 2023, registering a massive 35.03% CAGR during the assessment period 2017-2023. The market proliferation of portable and smart devices like tablets and smartphones is the key driving force, pushing up the market growth.
Global M-Health Device Market – Competitive Analysis
M-health device market is witnessing a fierce competition. Well-established players adorn the mHealth Application market as highly competitive. The key strategies traced from the analysis of recent developments of the key players include M&A, partnership, collaboration, and expansion.
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Some of the key players in this market are:
- Apple Inc.
- GE Healthcare
- Athena health
Industry/Innovation/ Related News:
October 05, 2018 – Researchers at the University of California (US) presented their study of a mHealth platform that they have developed at the recent IEEE Healthcom 2018 conference. The new mHealth platform can predict a consumer’s blood pressure from wearable data and offer health and wellness advice to keep those readings healthy.
This research shows that using wireless wearables and other m-health devices to collect and analyze personal data can help transition patients from reactive to continuous care where patients and doctors access to this type of system enabling themselves to manage their symptoms continually.
Global M Health Device Market – Segments
Global M-Health Device Market has been segmented on the basis of Type (Medical Devices, Health and Fitness Devices and Other Devices), by Application (Monitoring application, Treatment and Diagnostics, Education and Awareness, Healthcare Management, Wellness and Prevention and Others)
Global M Health Device Market – Regional Analysis
The Global M-Health Devices Market is growing rapidly. The market for M-Health Devices growing with the CAGR of 35.03% during the forecast period from 2017-2023. This growth is due to the cost effectiveness of these devices and easy storage and transfer of patient data. North America accounts for largest market share in 2016 and is expected to reach US$ 16,443.4 million in 2023 due to establishment of healthcare system and technological advancement.
In North America, US accounts for the highest market share followed by Canada. Europe is second largest market. In Europe has largest market followed by France and Italy. This is due to increase in efficiency of healthcare workers and healthcare system.
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Asia-Pacific region is the fastest growing market for m-health devices, which is expected to grow at a CAGR of 35.71% during the forecast period from 2016 to 2023 is due to the emergence of high-quality and better healthcare infrastructure and institutions in this region.
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