A new report titled "Mhealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 – 2020,” by allied market research is published reportsandintelligence.com
Get the full access of the report at http://www.reportsandintelligence.com/mobile-health-market
The study observed that the global Mhealth market was valued at $6.7 billion in 2012 and is estimated to reach $8.3 billion by the end of 2013. With growing per capita healthcare expenditure both in developed and advanced developing countries, the mobile healthcare market is further projected to reach $58.8 billion by 2020, at a CAGR of 32.3% from 2013 to 2020.
At present, mobile penetration is rapidly increasing in developing markets such as Asia-Pacific, Latin America and Africa. It is already more than 100% in developed markets. Also, the adoption of mobile devices is likely to witness an upsurge in most sectors especially in healthcare systems due to easy access to Smartphones along with 3G and 4G networks. Furthermore, shift is observed from hospital-care to personal-care as Mobile Healthcare systems are providing excellent support and care to patients, irrespective of their locations. Further to add, healthcare providers are able to serve patients effectively and at a lower cost due to the advent of new generation of connected medical device. Mobile medical devices provides adequate and systematic recording of biomedical signals such as respiratory parameters, glucose analysis, electrocardiogram (ECG) recordings and blood pressure measurements irrespective of the location. Portability, automation, ease of use and customization are major factors that mobile health market players use to differentiate their product and services. Also, their product and service has proved to be an optimal solution for monitoring and diagnosis of chronic conditions. Thus, just like healthcare access, mobile access is expected to become ubiquitous part of healthcare system over next few years worldwide.
On contrary, ubiquitous access of smart mobile devices globally has enabled diagnostic and monitoring devices to render seamless healthcare services. Thus, this market is expected to grow at a significant pace in the next seven years. This projection is backed by the fact such as due to technological advancement integration of wireless technology with the portable healthcare devices is feasible, increasing incidences of lifestyle diseases, cost and convenience factors, government initiatives, affordability of smartphones.
However, weak reimbursement policies, lower adoption due to lack of accuracy and technology infancy and uncertainty in the government regulations is expected to hinder the growth rate. Moreover, untapped markets in developing economies provide a lot of growth opportunities for this market due to increase in adoption of mhealth services to control the spread of communicable as well as non-communicable diseases. Such challenges can be very well taken by adoption of mhealth devices and services as they work irrespective of location and skilled professionals. The only mandatory requirement is the mobile access and a smartphone.
This report segments the global mobile health (mhealth) market as below:
Global Mobile Health Market - by Equipment
Blood Glucose Meters
Apnea & Sleep Monitor
Wearable fitness sensor device and Heart Rate Meters
Global Mobile Health Market - by Service
Wellness Services Market
Prevention Services Market
Treatment Services Market
Diagnosis Service Market
Monitoring Services Market
Healthcare Systems Strengthening Solutions Market
Other Services and Applications Market
Global Mobile Health Market – By Stakeholders
Global Mobile Health Market - By Therapeutic Segment
Global Mobile Health - By Geography
Mhealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 – 2020,"
Published: 14 Nov 2013
Price: US$ 4,515.00