IndustryARC™

mHealth Market: blood glucose meters to have the fastest growth for health mobile application

Press Release   •   Nov 21, 2016 15:21 EST

Summary:

The rise in use of smart phones, there has been growth in use of m health applications which are used for tracking, monitoring and alerting and other applications. With increasing demand for introduction of technology in healthcare industry for more efficient system and time efficient management, many companies are investing for mHealth apps. There is high scope for the mHealth Market in various regions across the globe during 2014-2020.

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Topics Covered in this report:

Scope and Regional Forecast of the mHealth Market:

As per WHO records, in 2012 around 3.1 million deaths occurred due to COPD which accounted for 5.6% of global death toll and 6.7 million due to CVD stroke i.e. 11.9% of global toll. Thus, there is high necessity of monitoring of the patients which is driving the demand for the mHealth Market. Globally it accounted for around $10.5 billion in 2014 and anticipated to grow at a CAGR of 33.5% during 2015-2020.

In the mHealth Market, North America is the largest region for the health mobile applications due to advanced hospital set up and infrastructure, whereas Asia Pacific is anticipated to have the fastest growth during 2014-2020.

In the mHealth Market, BP monitors dominated the largest share but blood glucose meters are expected to have fastest growth for devices. The monitoring services occupy the largest share as well as poised to have the fastest growth among services.

Based on the stakeholders in the mHealth Market, mobile operators have the largest market share and mobile application developers are anticipated to register the highest growth in CAGR during 2015-2020.

The mHealth Market is a high potential market with many applications of mobile medical apps for patients for telemedicine purposes and tracking applications in healthcare industry in various regions across the globe. This market has huge growth scope owing to the increasing investment for mobile technology in healthcare by mhealth providers, growing adoption of mobile healthcare apps for mobile health tracking and huge scope of applications of mobile health technology in healthcare industry in various regions across the globe during 2014-2020.

Segmentation and Key Players of the mHealth Market:

The mHealth Market is segmented into various categories by device, by service, by stakeholder, by application and by geography as follows:

By device: Blood glucose meter, BP monitors, Pulse oximetry, Neurological monitoring, Cardiac monitors, Apnea and sleep monitors, Wearable fitness sensor device and Heart Rate Meters and others

By service: Prevention, Diagnostic services, Monitoring services, Treatment and Wellness and healthcare system strengthening solutions

By stakeholder: Mobile operators, Device vendors, Healthcare Providers and Application/ Content Players

By application: Cardiovascular, Diabetes, Respiratory and Neurology

By geography: North America, South America, Europe, Asia Pacific and ROW

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The key players in the mHealth Market are as follows:

  • Boston Scientific Corporation
  • Johnson & Johnson Inc.
  • Sanofi
  • Phillips
  • Omron

Companies are investing for development of mhealth technology with increasing utilization of mobile healthcare apps by patients in healthcare sector in various regions across the globe during 2014-2020.

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