Global mHealth Market Expected to Grow at 34% CAGR During 2016 - 2022: by P&S Market Research

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P&S Market Research

14 Mar, 2016, 14:30 GMT

NEW YORK, March 14, 2016 /PRNewswire/ --

The global mHealth market was valued at $13,674.3 million in 2015, and it is expected to grow at a CAGR of 34.0% during 2016 - 2022. Among the various products and services, the mHealth application segment is expected to witness the fastest growth, at a CAGR of 40.1%, during the forecast period. 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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The information and data in the publication "Global mHealth Market Size, Share, Development, Growth and Demand Forecast to 2022" represent the research and analysis of data from various primary and secondary sources. The bottom-top approach has been used to calculate the global market size by product and service, and stakeholder. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with authorities from leading companies of the concerned domain, to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online, and offline research.

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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.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/medical-devices

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.

GLOBAL MHEALTH MARKET SEGMENTATION 

By Product and Service 

  • mHealth Connected Medical Device
    • mHealth blood pressure monitor
    • mHealth blood glucose monitor
    • mHealth ECG monitor
    • mHealth pulse oximeter
    • mHealth multi-parameter tracker
    • mHealth sleep apnea
  • mHealth Application
    • General health and fitness application
    • Chronic care management application
    • Medication management application
    • Women health application
    • Personal health record application
    • Medical reference application
    • Diagnostic application
    • Alert and awareness application
    • Continuous medical education application
  • mHealth Service
    • Remote monitoring service
    • Diagnostic and consultation service
    • Treatment service
    • Healthcare system strengthening service
    • Prevention service
    • Fitness and wellness service

By Stakeholder 

  • Mobile Operator
  • Device Vendor
  • Healthcare Provider
  • Application/Content Player

By Geography 

About P&S Market Research 

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