mHealth Market To Branch Out And Reach USD 102.43 Billion By 2022

Some of the key players in global mHealth market are Athenahealth, Inc., AT&T, Inc., Cisco Systems, Inc., BioTelemetry, Inc., Johnson & Johnson, Sanofi S.A., Apple, Inc., Philips N.V., LifeWatch AG, AirStrip Technologies Inc., Cerner Corporation, Nike Inc., Omron Healthcare, and Medtronic, Inc. These players are claimed to power the development of global mHealth Market.

As per analysts at Zion Market Research, the global mHealth market was capitalized at USD 11.47 Billion in 2014 and is likely to cross USD 102.43 Billion by end of 2022, developing at a CAGR of at 32.5% from 2016 to 2022.

Various Mergers And Acquisitions By Market Players Set To Boost The Global mHealth Market

Rising awareness among the users about healthcare is one of the major factors that are responsible for the development of the global mHealth market, as per the analysts at Zion Market Research. In addition to this, various mergers and acquisitions by market players is also set to boost the global mHealth market. For example, in July 2017, Cisco purchased, Observable Networks, the network security startup. In addition, in June 2017, Actelion was obtained by Johnson & Johnson, thereby boosting the mHealth market.

On the basis of device, the mHealth market has been divided into multi-parameter trackers, pulse oximeters, sleep & apnea monitor, blood glucose meters, neurological monitoring device, wearable fitness sensor device, blood pressure monitors, heart rate meters, cardiac monitors, ECG monitors, and peak flow meters. The blood pressure monitors segment surfaced as the primary division in mHealth market and added up for more than 20% share of total income created in 2014. Mobile blood pressure monitors segment are turning out to popular in the mHealth market in the years to come. In addition to this, blood glucose meter was the second biggest division in the mHealth market and is likely to develop at a CAGR of 33.3 % in the years to come.

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North America To Continue It Dominance In mHealth Market In The Forecast Period

The mHealth market has been classified based of various services such as monitoring services, treatment service, diagnosis service, wellness services, healthcare system strengthening services, prevention services, and other services. North America ruled the mHealth with more than 30% share for the year 2014 in terms of income followed by Asia Pacific and Europe owing to development of monitoring services segment. By therapeutics, the mHealth market can be divided into diabetes, neurology, respiratory, cardiovascular, and others. Monitoring services segment added up for more than 34% share of the total mHealth market in 2014. The diagnosis & consultation service segment was the second biggest division in global mHealth market. Diagnosis services permits healthcare professionals to link distantly with patients. Diagnosis services include IVR-based services and mobile telemedicine services in addition to call center services.

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Hiren Samani

Hiren Samani

Hiren is an energetic travel aficionado and a gizmo freak. He prefers to write when engaged in finding out how science works on every possible action or occurrences. Hiren is passionate about the work research he does and has succinct knowledge about the same, which makes him an efficient contributor of our team.

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