(PharmaNewsWire.Com, April 18, 2017 ) According to the report Global Mobile Health Market, published by Market Data Forecast, the global market is projected to reach USD 62.83 Billion by 2021, at a CAGR of 35.65% from 2016 to 2021.
The Global Mobile Health's market was worth USD 13.68 Billion and is expected to reach USD 62.83 Billion by 2021 at a CAGR of 35.65%. Mobile health is defined as use of smartphones and other communication technologies to educate user about healthcare. Because of growing health consciousness among people mobile health market is growing at a significant rate.
The main driving factors of the market are the need to reduce healthcare expenditure, rising incidence of life threatening diseases, increase in middle aged population, prevalent use of smart phones globally, technological advances like 3G and 4G, and growing consciousness of personal healthcare management among people. Most of the mobile health market revolves around developing world than in developed world. Because of new innovations, this market is increasing significantly this is the opportunity for new players to enter the market.
Global health market is segmented based on Connected Devices, Product applications and product services. On the basis on Connected devices, mobile health is segmented as Blood Pressure Monitor, Glucose Meter, and Pulse Oximeter. Based on product applications, mobile health is segmented in to Weight Loss, Women's Health, health and fitness, Chronic care management, Personal Health Record, and Medication. Based on product services, Mobile Health is segmented in to Remote Monitoring, fitness and wellness, Consultation, and Prevention.
Major players in this market are Cardionet.inc, I health lab.inc, Medtronic.inc, Philips healthcare, QUALCOMM life, Samsung electronics co ltd, Vodafone.
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