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mhealth Market is Growing Due to Growing Need for Remote Patient Monitoring Services

Vijay K. Mishra
Aug 12, 2017
The global mhealth market is growing at a significant rate, due to increasing healthcare cost, increasing demand for patient centric healthcare model, and increasing prevalence of chronic and lifestyle associated diseases. In addition, the growing demand for mhealth technologies, increasing access of mobile platforms, tablets and smartphones, increasing utilization of connected medical devices and mhealth applications, and growing need for remote patient monitoring services are also driving the growth of the global mhealth market.

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Mobile health (mHealth) is the use of mobile information and communication technologies for improving healthcare. It helps to tackle major challenges faced by the healthcare industry such as regulatory changes, continuous remote monitoring at home, increasing demand for quality healthcare, increasing error occurrence and integration with existing IT systems.

Factors, such as lack of data security and privacy, and insufficient memory, computational, and energy limitations are inhibiting the growth of the global market. The increasing number of collaborations and partnerships, growing number of product launches and approvals, and increasing demand for cloud technology in healthcare are the key trends observed in the global mhealth market.

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Geographically, North America dominated the global market of mhealth in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, CAGR of 40.5%, during the forecast period.

Some of the key companies operating in the global mhealth market include LifeWatch AG, Cisco Systems Inc., Cerner Corporation, OMRON Corporation, AT&T Inc., athenahealth Inc., Airstrip Technologies Inc., AliveCor Inc., AgaMatrix Inc., iHealth Labs Inc., Koninklijke Philips N.V., BioTelemetry Inc., Medtronic PLC, Withings SAS, and Johnson & Johnson.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/healthcare-it

GLOBAL MHEALTH MARKET SEGMENTATION

By Product and Service
* mHealth Connected Medical Device
o mHealth blood pressure monitor
o mHealth blood glucose monitor
o mHealth ECG monitor
o mHealth pulse oximeter
o mHealth multi-parameter tracker
o mHealth sleep apnea

* mHealth Application
o General health and fitness application
o Chronic care management application
o Medication management application
o Women health application
o Personal health record application
o Medical reference application
o Diagnostic application
o Alert and awareness application
o Continuous medical education application

* mHealth Service
o Remote monitoring service
o Diagnostic and consultation service
o Treatment service
o Healthcare system strengthening service
o Prevention service
o Fitness and wellness service

By Stakeholder
* Mobile Operator
* Device Vendor
* Healthcare Provider
* Application/Content Player

By Geography
* North America
o U.S.
o Rest of North America
* Europe
o U.K.
o Germany
o France
o Rest of Europe
* Asia-Pacific
o Japan
o China
o India
o Rest of Asia
* Rest of the World (RoW)
About the Author
About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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