M-health devices, also known as mobile health devices, are generally used for the communication of information and to avail various healthcare services. Mobile Health (M-Health) Market is also a process of enabling these services and different data contents to users using wireless technologies like Bluetooth, WiMax, GSM/GPRS/3G, and WiFi. These data contents and services are accessible to various healthcare providers, consumers (patients), and other relevant users of these devices. These devices include smartphones, PDAs, mobile phones, laptops, and tablet PCs (personal computers).
Market Research Future (MRFR) has recently analyzed the global m-health device market, revealing that the market is expected to upscale at a whopping CAGR of 35.03% during the forecast period of 2017-2023. M-health is regarded as one of the most disruptive trends occurring in the healthcare sector to recognize medical practices. On the other hand, it provides surgical expertise into the most critical locations such as battlefields. These advantages of m-health devices are pushing sizeable growth to the global market.
They are also encouraging various healthcare facilities to adopt m-health applications and implement them to provide augmented services. This is fueling the augmentation of the global m-health device market. Apart from that, penetration of smartphones is propelling growth of the m-health device market.
Key Players
Some of the prominent players in the m-health device market include Apple Inc., Allscripts, GE Healthcare, Cerner, Athenahealth, Medtronics, and Koninklijke
Market Segmentation
The global mHealth device market is segmented by type and application.
- By Type, it is segmented into health and fitness devices, medical devices, and others. Medical devices had touched a valuation of USD 4,752.5 million in 2016. This can be attributed to the use of mHealth for capturing vital data of patients and reporting it in times of emergencies. The segment is expected to enjoy a respectable growth rate during the forecast period. On the other hand, health and fitness devices can experience a massive growth rate due to adoption of wearables and download of health applications due to changing tendencies of patients regarding health.
- By Application, it is segmented into wellness & prevention, diagnosis & treatment, education & awareness, healthcare management, monitoring applications, and others. Monitoring applications can garner massive revenue for the global mHealth device market due to patients in remote locations taking advantage of technology to keep in constant touch with their doctors.
Detailed Regional Analysis
The global m-health devices market is studied for various regional segments such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
North America fetched the largest share in the global m-health device market at the beginning of the forecast period. North America’s m-health device market is expected to garner a revenue valuation of USD 16,443.4 million by 2023. This growth can be attributed to the establishment of healthcare systems and technological advancements. The US is expected to lead the country-specific m-health device market in the region, followed by Canada.
Europe is anticipated to follow North America and capture the second-largest share in the global m-health device market. The regional market is expected to upscale at a substantial rate owing to favorable government initiatives and support. Further, economic growth is fostering the market to a great extent, proliferating the healthcare sector in the region with mounting healthcare expenditure. Germany is expected to spearhead the country-specific m-health device market in Europe, which is followed by France and Italy. This can be attributed to the rise in the efficacy of the personnel in the healthcare sector as well as the system.
Asia Pacific is regarded as the region witnessing fastest growth during the assessment period. The m-health device market in the APAC region is expected to ascend at 35.71% CAGR over the forecast period. This can be accredited to the emergence of high-quality services in the healthcare sector. Apart from that, accelerating developments in the healthcare infrastructure is also contributing to the upward trajectory witnessed by the m-health device market in the region.
Industry Update
July 2019: Researchers from the Washington University School of Medicine have launched a five-year study to study how patients with a rare form of early-onset Alzheimer’s disease can be provided with better home care management using an mhealth platform on a mobile phone. Linkt app will be used by the participants on for this study.
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