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(February 13, 2018)
With the growing popularity of wearable devices, medical applications is further propelling the demand of mHealth solutions across the ecosystem. In Mobile Health (mHealth) services, mobile communications such as personal digital assistant (PDAs), laptops, and mobile phones among others, are used for providing health information and services. mHealth enables various electronic health (e-health) data content and services to users, by using wireless technologies such as WiMax, Bluetooth, GSM/GPRS/3G, and WiFi among others. These data contents and services are accessed by the health providers, consumers (patients) and other related users through devices such as mobile phones, smart phones, PDAs, laptops and tablet PCs (personal computers).
Agamatrix, INC, Alivecor, INC, Apple, INC, Athenahealth INC, AT&T, INC, Biotelemetry INC. (CARDIONET), GE Healthcare, Google INC, Jawbone INC, Johnson & Johnson, Laboratory Corporation of America Holdings, Philips Healthcare and others are some of the prominent players at the forefront of competition in the Global Mobile Health Market and are profiled in MRFR Analysis.
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Mobile Health refers to using mobile communications, such as personal digital assistant (PDAs), laptops, and mobile phones for health services and related information. .The most common market drivers in the mHealth market are: patient’s involvement in personal healthcare, penetration of smartphones and wearable devices into healthcare industry, integration of wireless technologies with portable healthcare devices, benefits of Cost effectiveness and Patients’convenience and Increase in lifestyle diseases. However, literacy rate is not significant in certain low and middle income countries; the literacy rate is very low and people are not aware about recent technological developments. To ensure widespread usage of mHealth solutions, these applications should be developed taking into consideration both language and cultural barriers as they create a certain level of hindrance in the development of mHealth global market.
The global market for Mobile Health is expected to grow at a CAGR of 36.5% during the forecast period 2017-2022. According to a recent study report published by the Market Research Future, the global Mobile Health market is expected to gain eminence over the forecast period. The market is forecasted to demonstrate a steady growth by 2022, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017 – 2022).
The market for Mobile Health is characterised by the presence of several well-established and small players, the global market of Mobile Health appears to be highly competitive and fragmented. Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The new companies are striving hard to file patents and get approvals from regulatory bodies in this growing market and launch innovative products, while established companies are busy in acquiring companies and entering into partnership with other ecosystem players.
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Study Objectives of the Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the mHealth market
- To provide insights about factors affecting the market growth
- To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide forecast revenue of the market segments and sub-segments with respect to the main geography and various regions globally.
- To provide regional level analysis of the market with respect to the current market size and future prospective
- To provide regional level analysis of the market for segments by therapeutics, by application and its sub-segments.
- To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global mHealth market.
For instance, in March 2015, Alivecor, Inc. launched its third generation Alivecor Heart Monitor in the UK and Ireland to support monitoring of heart related issues in order to help patients in emergency response. Also in January, 2015, Qualcomm Life, Inc., a subsidiary of Qualcomm declared that Novartis will use its 2net platform that will deploy medical devices to collect patient data.
While in 2015, AgaMatrix added Health Insurance Portability and Accountability Act (HIPAA)-compliant cloud support to the AgaMatrix Diabetes Manager App, making it easier than ever to back up data and view it across multiple devices.
Moreover, in January 2015, Alivecor, Inc. announced today that the U.S. Food and Drug Administration (FDA) has granted the company clearance for two new algorithms giving users instant feedback on their Electrocardiogram (ECG) recordings and expanding its automated interpretation service offerings.
Furthermore, in December 2014, Alivecor, Inc. and Omron Healthcare, Inc. collaborated to change the way lifesaving products are brought to the market. They will be working together to make remote patient monitoring products more accessible through online and retail channels for people with heart conditions who are working to manage their heart health at home.
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The report for mHealth market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
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