mHealth Market Analysis By Service (Monitoring Services, Diagnosis Services, Healthcare System Strengthening), By Participants (Mobile Operators, Device Vendors, Content Players, Healthcare Providers) And Segment Forecasts To 2022

mHealth Market Analysis By Service (Monitoring Services, Diagnosis Services, Healthcare System Strengthening), By Participants (Mobile Operators, Device Vendors, Content Players, Healthcare Providers) And Segment Forecasts To 2022

mHealth Market Overview:

The worldwide mHealth market volume was valued at 4.74 billion US dollars in year 2014 and is predicted to experience considerable gains throughout the estimated time span. Change in customer tastes due to rising consumption and demand of data activities are predicted to foster mHealth market growth. Further, increase in geriatric population accompanied by varying lifestyle is predicted to result in enhanced occurrence of the ailments.

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mHealth uses mobile and wireless techniques to create data on an individual’s physiology, biology and daily environment. Rising cases of chronic ailments like heart diseases, cancer and diabetes is projected to enhance the demand and growth of mHealth Market. 4G and 3G LTE networks enabled activities like high speed data transfer and video calling adds to speedy delivery of telemedicine services.

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mHealth also called as mobile health technologies comprise one way or two way data application. The 2-way model depends upon the data access processes like remote monitoring as well as customer record accessibility. One way data application consists of information flow from physician/doctor to patients through educative methods and SMS service.

Safety concerns along with the requirement to sustain a secure infrastructure for maintaining confidentiality, privacy and security of the data are predicted to restrain the mHealth market development and expansion over the estimated time span. Accessibility and affordability of healthcare amenities due to the growing healthcare expenses is predicted to pose a big challenge to mHealth market growth. It leads to high amount of pressure on the insurance firms, government authorities and individuals.

 

mHealth Market By Service:

mHealth market activities comprise healthcare structure strengthening, diagnosis activities and monitoring activities. Its other activities focus on child care, prevention & eradication of drug abuse, elderly care, healthy living and smoking de-addiction.

Healthcare methods strengthening comprise of activities like emergency response, healthcare support, healthcare administration, surveillance and healthcare practitioners support. Monitoring activities are further bifurcated into post acute care amenities , independent aging services, chronic ailment management and equipments like body trackers that detect important diseases symptoms.

Monitoring activities contributed for about sixty percentage of global demand in year 2013. Diagnosis services help the healthcare professionals to connect with the patients indistinctly, thereby providing diagnosis of diseases as well as other health related problems. In addition to this , mobile telemedicine is helpful in developing nations and useful in rural areas as one can connect with physicians directly via video conferencing calls. Diagnosis activities comprise of IVR based services, customer care services and mobile telemedicine services.

mHealth Market By Participants:

Participants can be separated into healthcare service providers, equipment vendors, mobile network operators and content players. For example, healthcare professionals as well as patients greatly emphasize on patient monitoring techniques and speedy diagnosis.

Mobile Network Operators are totally busy offering 4G and 3G broadband network services. The business vertical contributed to over forty five percent of total revenue market share in year 2013. Equipment vendors provide tools for passing on the stored information over mobile networks and also congregating important user metrics.

Further, different mobile healthcare applications use health sensors that help in identifying levels of glucose , blood pressure and heart rates. The sensors are connected to an application by Wi-Fi and Bluetooth. Due to favorable regulatory back up that consists of formulation of incentives & policies to the private participants , providing funds, the aforementioned sections are predicted to observe a considerable development.

mHealth Market By Region:

North American mHealth market contributed of about thirty percent of worldwide market share in year 2013. There are a large amount of pilot as well as live mHealth projects in USA and Canada. These projects are going to benefit and further add to the expansion and growth of mHealth market in the regions of North America.

Increase in use of number of health care devices and smart phones all across Europe is predicted to have a positive effect on the growth of the mHealth market in Europe.

Lack of efficient delivery infrastructure combined with lack of skilled professionals poses a great challenge to the mHealth market expansion and development in the developing nations.

Competitive Insights:

Key market players like AT& T, Apple Incorporation, Qualcomm Incorporation , Vodafone and All scripts Healthcare Solutions are the leaders in the worldwide mHealth market. These days, companies spend heavily on Research & Development in order to build up the competitiveness of main businesses and thus help in growth and development of mHealth market advancement in future.

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