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Mobile health (mhealth) is a term used for medicine and public health with the help of mobile devices. The term is commonly used for mobile communication devices such as wearable devices, personal digital assistant, tablets, computers, and mobile phones for health information, services and data collection. The global mobile health device market is expected to have a CAGR of 35% in the forecast period 2016-2023. The increasing penetration of smart phones and wearable devices, rising chronic diseases are some of the factors contributing to the demand of remote monitoring and increasing demand of mobile health solution or services in various applications are some of the major factors which drive the growth of global mobile health device market. However, strict regulatory norms for healthcare product are limiting the market growth and measuring outcome and effectiveness of mobile health service are some of the major challenges which hinder the growth of global mobile health device market.
Source: OBRC Analysis.
The report on global mobile health device market is segmented into type and application.
Type is further segmented into:
Application is further segmented into:
The revenue for the above application segments is specific to global mobile health device market. However, the total revenue of these applications in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up type segment.
Global mobile health device market report is geographically segmented into:
The North American mobile health device market holds the largest market share. US and Canada are some of the major countries of the North America which helps to drive the mobile health device market in North America due to increasing lifestyle diseases (High blood pressure, Heart disease, Arteriosclerosis, Type II diabetes, obesity) and increasing geriatric population in economically developed countries (US, Canada). In addition to this the Asia pacific mobile health device market is expected to grow with highest CAGR in the forecast period 2016-2023. India, China, Japan are some of the major countries of the Asia pacific which drive the mobile health device market in Asia pacific due to increasing cases of chronic diseases such as respiratory diseases, arthritis, asthma, diabetes, cancer and lack of infrastructure for healthcare delivery as well as managing communicable diseases such as Malaria, Typhoid, Hepatitis, Jaundice, Leptospirosis, Diarrheal Diseases and many more has fueled the Asia pacific mobile health service market. In addition to this, India, Vietnam and Indonesia are some of the major countries which handle burden of non-communicable diseases such as diabetes, asthma, chronic respiratory diseases, cancers, heart attacks in relation to communicable diseases such as dropletsor fecal/oral transmission (hepatitis A), sexual intercourse (HIV, gonorrhea) and staphylococcus.
Global mobile health device market report covers segmentation analysis of type and application. On the basis of type the global mobile health device market is segmented into medical device, healthcare and fitness devices and other devices such as mobile telemedicine/tele-care devices and home care devices. On the basis of application, the global mobile health device market is segmented into monitoring application, diagnosis and treatment, education and awareness, healthcare management, wellness and prevention, other application. The monitoring application is expected to have the highest CAGR in the global mobile health device market in the forecast period 2016-2023.
The major market players of the global mobile health device market are:
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the global mobile health device market.
For example: In April 2017 Medtronic plc launched a Garmin wearable device data, a remote patient monitoring platform device. Medtronic was the first to adopt and help launch the new Garmin Health software development kit (SDK) by syncing Garmin vívofit series activity tracker data into the MCMS.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in global mobile health device market.
Key reason to buy the report:
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global Mobile health device market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the Mobile health device market, with giving extensive SCOT analysis of key companies.
Key findings of the global mobile health device market
The North American mobile health device market held the largest market share in 2016 due to increasing lifestyle diseases and increasing aging population in economically developed countries.
Asia pacific mobile health device market is expected to grow with highest CAGR in the forecast period 2016-2023 due to increasing cases of chronic diseases and lack of infrastructure for healthcare delivery as well as managing communicable diseases has increased the market of mobile health device in this region.