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Global MHealth Market To Exhibit Rapid 40% CAGR From 2015 To 2020

Press Release   •   Feb 07, 2017 14:39 IST

MarketResearchReports.biz has recently made an announcement regarding the addition of a new research report to its comprehensive collection of research studies. The research report, titled “The MHealth (Mobile Healthcare) Ecosystem: 2015 - 2030 - Opportunities, Challenges, Strategies, and Forecasts”, provides an in-depth analysis of the global mHealth market including the market overview, product segmentation, market drivers and restraints, opportunities and challenges, and the competitive landscape of the market. The research report has included infographics, charts, and tables to present historical data and forecast figures. It also comprises valued inputs and recommendations from professionals and industry experts to guide the existing and new players in designing their business strategies.

According to the research report, there are approximately 7 bn mobile network subscriptions across the globe. Integration of the mobile communications sector is growing at a very fast pace in a varied range of industries, among which healthcare is considered as one of the most important segments of the market. The global mHealth market is estimated to account for approximately US$18 bn in 2016. This market is expected to exhibit a remarkable 40% CAGR between 2015 and 2020.

The majority of the mobile operators have created a position for themselves as reputed brands and are emphasizing on the potential opportunities to provide services beyond mobile connectivity. Many mobile operators are already providing either branded or co-branded end-to-end mHealth facilities to their customers. mHealth is the use of mobile communications devices and technology to improve access to healthcare information, enhance the delivery of emergency and routine health services, and offer diagnostic services.

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Moreover, mHealth has created huge opportunities for the pharmaceutical industry across the globe, extending from research and development activities to safeguarding the supply chain and in the fight against the counterfeit drugs. Major mobile network operators around the world are considering the global mHealth market a lucrative market for the monetization of their connectivity services and adopt healthcare-centric wearables. Some of the key mHealth applications are healthcare and fitness, remote consultation, diagnostic services, pharmaceutical applications, M2M, sensor and monitoring applications, wearable technology, and healthcare management.

By geography, the global mHealth market has been segmented into Asia Pacific, North America, Latin and Central America, Eastern Europe, Western Europe, and the Middle East and Africa. The research report has presented the market share, revenues, and forecast figures for every geographical segment in the forecast period. The research report further analyzes the competitive landscape of the mHealth market. The detailed analysis includes company overview, financial overview, business strategies, mergers and acquisitions, and recent developments. Some of the prominent players operating in the global mHealth market are InteraXon, O–Synce, iRhythm, Imec, GOQii, Dreamtrap Commercials, Asics, e–Cycle, AT&T, DorsaVi (ASX), Alivecor, Proteus Digital Health, Sotera Wireless, Pharmica Consulting, Instabeat, Voxiva, and Novartis.

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