M-Health Device Market
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.
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).
The global m-Health device market is expanding pervasively, mainly due to the augmenting uptake of these devices through the advanced healthcare facilities.
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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.
Some of the players leading the market and profiled in the analysis are
- Apple Inc.,
- GE Healthcare,
- and Athenahealth among others.
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.
M-Health Device Market -Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
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Global M-Health Device Market – Geographical Analysis
Growing Spread of Advanced Telecommunications Infrastructure Drives M-Health Device Market in North America, Europe
The North American region will retain its dominance over the global mHealth market, holding the largest share of the market. Being one of the pioneers of mHealth, North America has been creating a substantial revenue pocket over the last few years.
Heading with the favorable government policies and the fastest adoption of m-health devices along with the increased incentives the mHealth device market in the region is estimated to reach USD 16,443.4 MN by 2023.
Factors such as the presence of key manufacturers of these devices and well-developed healthcare infrastructure alongside the presence of futuristic infrastructure for the development of technology, positively impact the growth of the market.
Simultaneously, high per capita healthcare expenditures and a suitable environment for the development and adoption of these devices substantiate market growth.
The US followed by Canada accounts for the largest share in the regional market due to the well-established health care system and technological advancement.
The European m-health device market stands the second-largest market, globally. Factors boosting the growth in the regional market are favorable governmental support & initiatives and the resurging economy that is proliferating the healthcare sector, increasing healthcare expenses.
Germany, heading with its burgeoning medical devices market leads the m-health devices deployments in the region. Moreover, factors such as the increased digitization along with the increasing focus on data quality management, data integration, and data governance provide impetus to the growth in the European m-health market.
The m-Health market in the Asia Pacific region is estimated to register approximately 35.71% CAGR throughout the forecast period. Factors such as the huge development opportunities along with the constantly developing healthcare infrastructure in the region propel the growth of the regional market.
Besides, the emergence of high-quality healthcare infrastructure and institutions drives the market growth in the region.
Countries such as China, Japan, and India, account for the key contributors to the market growth due to the wide adoption of these m-health devices.
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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.
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