M-Health Device Market moving toward 2023 With New Procedures

There is a growing acceptance of wearable devices pertaining to medical applications is further propelling the demand of mHealth devices across the ecosystem. These devices enable various e-health data content and services to users, by using wireless technologies. The global mHealth device market has been identified as one of the fastest growing industries, owing to the changing dynamics of the legal and regulatory framework and the intense competitive rivalry among a plethora of public companies.

The Global M-Health Device Market is expected to grow with CAGR of 35.03% during the period 2017 to 2023.

The devices include Original Equipment Manufacturers (OEMs) (sensors, semiconductors & smartphones, and Personal Digital Asstaints manufacturers) along with manufacturers of medical devices, health and fitness devices, and other devices. However, this report focuses specifically on the end product providers (medical devices, Health & fitness devices, and others). These devices are deployed for monitoring, diagnosis, and treatment applications that augment the chances of better healthcare and fitness systems. These devices work as a guiding framework to record the data by the patient and send it to the healthcare providers for feedback.

The mHealth devices market report presents detailed analysis of the entire mHealth ecosystem and provides extensive insights of the different mHealth devices. The report also focuses on different applications in which mHealth devices are being used. Further, all of the above mentioned report coverage parameters are discussed across different regions like North Americas, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global mHealth device market is expected to grow at an estimated CAGR of 35.03% from 2017 to 2023.

Global M-health device Market Players:

In the coming years, it is expected that the global M-health device market will advance with higher growth rate as compared to previous years. Its ease of access by both patients and physicians has fuelled the growth of the market for M-health device market.

The major participants of this market are Allscripts, Apple Inc., GE Healthcare, Athenahealth, Cerner, Koninklijke and Medtronics and others.

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Segmentation:

Global M-Health Device Market has been segmented on the basis of types which comprises of medical devices, health and fitness devices and other devices. On the basis of application which comprises of monitoring application, treatment and diagnostics, education and awareness, healthcare management, wellness and prevention and others.

Regional Analysis:

The global market for M-health device is growing steadily. The market for M-health device is growing with the CAGR of 35.03% during the forecast period from 2017-2023. North America accounts for largest market share in 2016 and is expected to reach USD 16,443.4 million by 2023. This is attributed to the factors such as the increasing adoption of smartphones, PDAs and wearable devices among others. Europe is the second largest market which is growing at a CAGR of 35.38% from 2017-2023.  Asia-Pacific region is the fastest growing market for M-health device, which is expected to grow at a CAGR of 35.71 % during the forecast period from 2017 to 2023. The reason attributed to this rise is the increasing demand of mobile apps for cardiovascular diseases and monitoring and diagnosis devices that help patients and healthcare workers in prevention and post-acute care of severe health conditions.

TABLE OF CONTENTS

1 REPORT PROLOGUE

2 INTRODUCTION

2.1 SCOPE OF STUDY

2.2 RESEARCH OBJECTIVE

2.3 ASSUMPTIONS & LIMITATIONS

2.3.1 ASSUMPTIONS

2.3.2 LIMITATIONS

2.4 MARKET STRUCTURE

3   RESEARCH METHODOLOGY

3.1 PRIMARY RESEARCH

3.2 SECONDARY RESEARCH

4   MARKET DYNAMICS

4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 PATIENTS INVOLVEMENT IN PERSONAL HEALTHCARE

4.2.2 INTRODUCTION OF CONNECTED HEALTHCARE SOLUTIONS IN THE M-HEALTH MARKET

4.2.3 BENEFITS OF COST EFFECTIVENESS AND PATIENTS’ CONVENIENCE

4.2.4 INCREASE IN LIFESTYLE DISEASE

4.3 RESTRAINTS

4.3.1 INCREASING PRIVACY AND CYBERCRIMES

4.3.2 LACK OF AWARENESS ABOUT THE POSSIBLE APPLICATIONS OF M-HEALTH

4.3.3 RELUCTANCE TO SHARE INFORMATION REGARDING THE HEALTH

4.4 OPPORTUNITIES

4.4.1 COMPANIES ADOPTING PARTNERSHIP STRATEGY

4.4.2 INTRODUCTION OF MHEALTH IN DEVELOPING ECONOMIES

4.5 CHALLENGES

4.5.1 STRINGENT REGULATIONS AND STANDARDS

4.5.2 LOW RATE OF LITERACY AND LANGUAGE BARRIERS IN LOW- AND MIDDLE-INCOME COUNTRIES (LMICS)

…Continued

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Posted by Vivian Dsena on Thursday December 07 2017, 8:47 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0