Global M-Health Device Market Information, by Type (Medical Devices, Health and Fitness Devices and Other Devices), by Application (Monitoring application, Treatment and Diagnostics, Education and Awareness, Healthcare Management, Wellness and Prevention and Others) - Forecast to 2023
Market Synopsis of Global M-Health Device Market:
Market Scenario:
Mobile Health refers to the use of mobile communications, such as personal digital assistant (PDAs), laptops, and mobile phones among others, for health services and information. M-Health is a process of enabling various e-health data content and services to users, by using wireless technologies such as WiMax, Bluetooth, GSM/GPRS/3G, and WiFi among others. These data contents and services are accessed by the health providers, consumers (patients), and other related users through devices such as mobile phones, smart phones, PDAs, laptops, and tablet PCs (personal computers).
The market for M-Health Devices expected to reach US$ 4757.2 million by 2023 and is expected to grow at a CAGR of 35.03% during the forecast period 2017-2023.
Key Players for Global M-Health Device Market:
Some of the key players in this market are: Allscripts, Apple Inc., GE Healthcare, Athenahealth, Cerner, Koninklijke and Medtronics.
Segments:
Global M-Health Device Market has been segmented on the basis of Type (Medical Devices, Health and Fitness Devices and Other Devices), by Application (Monitoring application, Treatment and Diagnostics, Education and Awareness, Healthcare Management, Wellness and Prevention and Others)
Regional Analysis of Global M Health Device Market:
The global market for M-Health Devices is growing rapidly. The market for M-Health Devices growing with the CAGR of 35.03% during the forecast period from 2017-2023. This growth is due to the cost effectiveness of these devices and easy storage and transfer of patient data. North America accounts for largest market share in 2016 and is expected to reach US$ 16,443.4 million in 2023 due to establishment of healthcare system and technological advancement. In North America, US accounts for the highest market share followed by Canada. Europe is second largest market. In Europe has largest market followed by France and Italy. This is due to increase in efficiency of healthcare workers and healthcare system.
Asia-Pacific region is the fastest growing market for m-health devices, which is expected to grow at a CAGR of 35.71% during the forecast period from 2016 to 2023 is due to the emergence of high-quality and better healthcare infrastructure and institutions in this region.
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)
5 Market Factor Analysis
5.1 VALUE CHAIN OF THE M-HEALTH DEVICE MARKET
5.1.1 DEVICE MANUFACTURERS
5.1.2 APP DEVELOPERS
5.1.3 NETWORK PROVIDERS/ MOBILE OPERATORS
5.1.4 HEALTHCARE PROVIDERS AND PHARMACEUTICALS
5.1.5 PATIENTS
5.2 PORTER FIVE FORCES ANALYSIS
5.2.1 BARGAINING POWER OF BUYER
5.2.2 BARGAINING POWER OF SUPPLIER
5.2.3 THREAT FROM SUBSTITUTE
5.2.4 THREAT FROM A NEW ENTRANT
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
