mHealth Solutions Market worth 59.15 Billion USD by 2020
The report â€œmHealth Solutions Market Connected Devices (Blood Pressure Monitor, Glucose Meter, Pulse Oximeter) Apps (Weight Loss, Womens Health, Personal Health Record, & Medication) Services (Remote Monitoring, Consultation, Prevention) - Global Forecast to 2020â€?, The global mHealth solutions market is expected to witness exponential growth in the coming years. This market is poised to reach USD 59.15 Billion by 2020, growing at a CAGR of 33.4% during the forecast period http://www.marketsandmarkets.com/Market-Reports/mhealth-apps-and-solutions-market-1232.html
Growth in this market is mainly attributed to the increasing penetration of smartphones, tablets, and other mobile platforms; increasing utilization of connected medical devices and mHealth apps in the management of chronic diseases to reduce the rising healthcare cost; robust penetration of 3G and 4G networks to provide uninterrupted healthcare services; and rising focus on patient-centric healthcare delivery. However, risk of data theft, stringent regulations by the FDA and EU, low guidance from physicians in selecting apps, and resistance from traditional healthcare providers in emerging countries are some of the key factors that are expected to restrain the overall market growth to a certain extent during the forecast period. In this report, the mHealth solutions market is segmented by product and services into connected medical devices, mHealth applications, and mHealth services. The connected medical devices segment comprises blood glucose meters, ECG monitors, blood pressure monitors, pulse oximeters, peak flow meters, neurological monitoring devices, sleep apnea monitors, multiparameter trackers, and others. Blood pressure monitors accounted for the largest share of the global connected medical devices market in 2014. mHealth apps (comprising healthcare apps for patients and medical apps for healthcare professionals) accounted for a share of 18.8% of the mHealth solutions market in 2014. The healthcare apps market is segmented into chronic care management apps, general health and fitness apps, womenâ€™s health apps, personal health record (PHR), medication management, and others. The general healthcare and fitness apps segment (comprising fitness and nutrition apps, health tracking tools, and weight-loss apps) dominated the healthcare apps market with the largest share of 33.7% in 2014. The chronic care management apps segments, consisting of mental health and behavioral disorders management apps, diabetes management apps, blood pressure & ECG management apps, cancer management apps, and others, is expected to be the fastest-growing segment during the forecast period. On the basis of mHealth services, the market is segmented into remote monitoring, diagnostic and consultation, treatment, fitness and wellness, prevention, and healthcare system strengthening services. In 2014, the remote monitoring services segment dominated the mHealth services market with a share of 63.7%. However, fitness and wellness service is the fastest-growing segment, growing at a CAGR of 48.1% during the forecast period. The high growth of this segment is mainly due to the increasing awareness on the benefits of maintaining healthy lifestyles.
About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“ GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&Mâ€™s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: MarketsandMarkets 701 Pike Street Suite 2175, Seattle, WA 98101, United States Telephone No : 1-888-600-6441 Email: firstname.lastname@example.org