Market Outlook
M-Health or mobile health refers to the medicine and public health practice supported by mobile communication devices, such as mobile phones, computers, tablet or PDAs, along with the wearable devices like smartwatches, which can be used for health services, information, and data collection.M-health devices are used to collect commutative clinical health data using mobile devices, real-time monitoring of patient’s vital signs,and provision of care via mobile telemedicine.
Key Players
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.
Some of the eminent leaders of the market include Apple Inc., Allscripts, GE Healthcare, Cerner, Athenahealth, Medtronics, and Koninklijke.
Segmentation
MRFR has segmented its analysis into three key dynamics for the convenience of understanding.
By Types : Medical Devices, Health and Fitness Devices among others.
By Applications : Monitoring application, Treatment and Diagnostics, Education and Awareness, Healthcare Management, Wellness and Prevention among others.
By Regions : North America, Europe, APAC and Rest-of-the-World.
Regional Analysis
Globally, The North American region accounted for the leading market for m-health device, in 2016. North America is one of the pioneers of mHealth and is expected to reach USD 16,443.4 MN in 2023. Factors such as favorable government policies and the fastest adoption of m-health devices along with the increased incentives drive the market growth in the region.
Europe accounts for the second-largest market for the m-health device which is expected to grow at a considerable CAGR. Favorable governmental support and initiatives, extensively drive the market growth in the region. Undoubtedly, the resurging economy is fostering the market growth radiantly, proliferating the healthcare sector in the region with the increasing healthcare expenses.
The Asia Pacific region is estimated to grow at 35.71% CAGR during the forecast period, emerging as a promising market for m-health devices. Factors such as the huge development opportunities along with the constantly developing healthcare infrastructure in the region are propelling the market growth.
Besides the augmenting adoption of m-health devices in an increasing number of healthcare facilities along with the emergence of high-quality and better healthcare infrastructure and institutions impacts the market growth positively. Countries such as China, Japan, and India, account for the wide adoption of these m-health devices which, in turn, drives the market growth in the region.
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TABLE OF CONTENTS
1… Report Prologue
2… Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3… Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4… Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
5… Market Factor Analysis
5.1 Value/Supply Chain Analysis
5.2 Porter’s 5 Forces Analysis
5.3 Demand & Supply: Gap Analysis
…continued