The Global M-Health Device Market is expanding pervasively, mainly due to the augmenting uptake of these devices through the advanced healthcare facilities. M-health is a most disruptive trend ever occurred in the healthcare sector that has entirely changed the paradigm of medical practices, providing surgical expertise even to the most critical locations such as the battlefields.
Moreover, the market penetration of smart mobile devices such as phones, computers, tablet or PDAs and wearable devices like smartwatches alongside the proliferation of the Internet escalates the market on the global platform.Considering the potential of the market to expand further during the upcoming years, Market Research Future (MRFR) in its recently published study report asserts that the global m-Health device market will accrue over USD 4757.2 MN. by 2023, registering a massive CAGR of 35.03% throughout the forecast period (2017 to 2023).
Additional factors boosting the growth of the m-Health device market include the advantages these m-health devices provide which is encouraging a growing number of HealthCare facilities to adopt and implement them to improve their services. Furthermore, advanced connectivity technologies and solutions such as GSM/GPRS/3G/4G, and Wi-Fi and the increasing usages of mobile medical devices by the physicians to monitor their patients’ health remotely, are propelling the growth of the m-health devices market. Also, the spreading awareness among patients towards the benefits of m-health devices is driving the market growth.
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Global M-Health Device Market – Competitive Analysis
The highly competitive, M-health device market appears to be fragmented due to the presence of several active players accounting for the substantial share in the market. The key strategies traced from the analysis of recent developments of the key players include agreement & partnership, product launch, acquisition, and expansion. Matured players strive to develop a comprehensive range of safe and reliable solutions portfolio, utilizing breakthrough technologies.
Some of the players leading the market and profiled in the analysis are Apple Inc., GE Healthcare, Allscripts, Cerner, Medtronics, Koninklijke, and Athenahealth among others.
Industry/Innovation/ Related News:
January 18, 2019 – Johnson & Johnson (US), a multinational medical device, pharmaceutical, and consumer packaged goods manufacturing company and Apple Inc. (US), a technology giant announced their partnership for ECG monitoring project involving the Apple’s new iWatch with a built-in electrocardiogram (ECG) through its paces.
The collaboration centers on seeing if the Apple Watch’s heart rate monitoring ECG functions can be used for earlier detection of atrial fibrillation (AFib), a heart condition that causes an irregular and often abnormally fast heart rate.
During the project, J&J and Apple would see if the Apple Watch can be used alongside an app developed by the J&J to accelerate the diagnosis and improve health outcomes over 33 million people, worldwide, who are suffering from AFib.
The device and the app’s impact on diagnosis will be assessed for the adherence with medication for AFib.
Apple currently has FDA clearance for monitoring with its latest iWatch. The link-up with J&J could give it a clinical pathway to seek an approved health claim in AFib, including stroke prevention.
Meanwhile, the alliance gives it an opportunity to J&J to build on its previous work with the mSTOPs (mHealth Screening to Prevent Strokes) study with iRhythm Technologies’ Zio wearable patch, which showed that earlier screening could lead to increased AFib detection.
January 18, 2019 – The US Food and Drug Administration approved the mHealth wearable – Embrace smartwatch for use by children as young as 6 living with Epilepsy. The use of Embrace smartwatch that detects seizures and immediately notifies caregivers was approved for adult use last year.
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M-Health Device Market – Segmentations
The analysis can be segmented into three key dynamics;
By Type: Health & Fitness Devices and Medical Devices, among others.
By Application: Treatment & Diagnostics, Monitoring Application, Education & Awareness, Wellness & Prevention, and Healthcare Management, among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
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