M-Health Device Market Report 2022 Market SWOT Analysis, Key Indicators, Forecast 2030
M-Health Device Market Overview
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.M-health devices, also known as mobile health devices, are generally used for the communication of information and to avail various healthcare services. M-Health is also a process of enabling these services and different data contents to users using wireless technologies like Bluetooth, WiMax, GSM/GPRS/3G, and WiFi. These data contents and services are accessible to various healthcare providers, consumers (patients), and other relevant users of these devices. These devices include smartphones, PDAs, mobile phones, laptops, and tablet PCs (personal computers).
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, registering a massive CAGR of 9.90% throughout the forecast period of 2022-2030.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.
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 M-Health Device Market on the global platform. M-Health refers to mobile health, one of the most disruptive trends ever occurred in the healthcare sector. It is a public health practice supported by mobile devices, commonly used for health services, information, and data collection through mobile communication devices, such as mobile phones, computers, tablets or PDAs, and wearable devices like smartwatches. mHealth is also defined as a sub-segment of eHealth, which uses ICT (information & communication technology), such as communications satellites, patient monitors, etc
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M-Health Device Market Players
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.
M-Health Device Market Regional Analysis
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.
Also, factors such as the increasing adoption of m-health devices in an increasing number of healthcare facilities impact the market growth positively. 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
M-Health Device Market Segmentation
MRFR has segmented the market into three dynamics to widen the scope of understanding,
By Type : Medical Devices, Health & Fitness Devices, and Other Devices (Mobile Telemedicine/Tele-Care Devices & Home Care Devices)
By Application : Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
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