mHealth Market size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023

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mHealth Market size forecast to grow at 30 CAGR
from 2016 to 2023 to surpass USD 60 billion by
2023
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of mHealth Market

• North America mHealth market accumulated around
  30 of the overall industry share in 2014. The
  spur in the region can be attributed to
  flourishing number of live health and pilot
  projects in the U.S. and Canada. Increasing
  number of health and wellness apps coupled with
  rising smartphones adoption among the population
  is expected to drive the region over the forecast
  period.
• Asia Pacific mHealth market size is anticipated
  to witness significant growth due to increasing
  rural population. In addition, lack of medical
  practitioners in the region is likely to open new
  avenues for profit generation. Developed
  countries such as Japan, Singapore, South Korea
  and Australia are anticipated to furnish numerous
  growth opportunities owing to rising per user
  expenditure.

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Application Analysis of mHealth Market

• Increasing implementation of mobile and wireless
  technologies helps to generate data base on
  individuals daily environment, biology as well
  as physiology. Growing proliferation of chronic
  diseases namely diabetes, cancer and heart
  ailments is expected to fuel the industry demand
  over the forecast period. Advent on technology
  such as 3G and 4G LTE network services aids in
  high speed data transfers and video calling
  features which further facilitates swift
  telemedicine service delivery.
• One way data application facilitates the flow of
  information from physician or healthcare
  practitioner to patients with the help of SMS and
  educative methodology. Increasing healthcare
  spending owing to affordability accompanied by
  availability of healthcare services might pose a
  challenge to the mHealth market growth.
• The mHealth market can be segmented on the basis
  of service, connected devices and participants.
  Based on service the industry can be segregated
  into diagnosis services, healthcare system
  strengthening services and monitoring services.
  Healthcare systems strengthening can be further
  segmented into emergency response, healthcare
  practitioners support and healthcare surveillance
  and administration.

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Competitive Market Share of mHealth Market

• Key industry participants occupying major mHealth
  market share include ATT, Vodafone, Allscripts
  Healthcare Solutions, mQure, Apple Inc.
• Samsung Electronics Corporation, Omron HealthCare
  Inc., Philips healthcare, Bayer Healthcare,
  Cardionet Inc.
• LifeWatch, Masimo Corporation, Boston Scientific,
  Sanofie, and Qualcomm Inc.

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