mHealth Solutions Market Worth USD 59.15 Billion by 2020

1
mHealth Solutions Market worth USD 59.15 Billion
by 2020 According to a new market research report
"mHealth Solutions Market Connected Devices
(Blood Pressure Monitor, Glucose Meter,
Pulse
Oximeter) Apps (Weight Loss, Womens Record,
Medication) Services (Remote Prevention) -
Global Forecast to
Health, Personal Health Monitoring,
Consultation, 2020", published by
MarketsandMarkets, 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. Browse 274 market data tables with 50
figures across 332 pages and in- depth TOC on
"mHealth Solutions Market" http//www.marketsandma
rkets.com/Market-Reports/mhealth-apps-and-
solutions-market-1232.html Early buyers will
receive 10 customization on this report.
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
2
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, women'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
3
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. North America
represented the largest regional market in 2014,
followed by Europe, Asia-Pacific, Latin America,
and the Middle East and Africa. Asian countries
(particularly China and India) and Latin American
countries (particularly Brazil) are expected to
offer significant growth opportunities for
market players in the forecast period. This is
majorly 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 robust
penetration of 3G and 4G networks to provide
uninterrupted healthcare services and rising
focus on patient-centric healthcare. Major
players in the Mhealth Solutions Market include
Medtronic, Inc. (U.S.), Apple, Inc. (U.S.),
Sanofi (France), Mobisante, Inc. (U.S.),
AirStrip Technologies, Inc. (U.S.), AliveCor,
Inc. (U.S.), LifeWatch AG (Switzerland), Nike
Inc. (U.S.), Koninklijke Philips N.V.
(Netherlands), Johnson Johnson (U.S.), Jawbone
(U.S.), Omron Corporation (Japan), Withings
(France), BioTelemetry Inc. (U.S.), athenahealth,
Inc. (U.S.), AgaMatrix, Inc. (U.S.), iHealth
Lab, Inc. (U.S.), ATT (U.S.), Qualcomm (U.S.),
Cerner Corporation (U.S.), Diversinet (Canada),
and Cisco, Inc. (U.S.). About MarketsandMarkets M
arketsandMarkets is a global market research and
consulting company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the
world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. MM
covers thirteen industry verticals, including
advanced materials, automotives and
transportation, banking and financial
services, biotechnology, chemicals, consumer
4
goods, energy and power, food and beverages,
industrial automation, medical devices,
pharmaceuticals, semiconductor and electronics,
and telecommunications and IT. We at
MarketsandMarkets are inspired to help our
clients grow by providing apt business insight
with our huge market intelligence
repository. Contact Mr. Rohan Markets and
Markets UNIT no 802, Tower no. 7, SEZ Magarpatta
city, Hadapsar Pune, Maharashtra 411013, India
1-888-600-6441 Email sales_at_marketsandmarkets.com