The global mHealth market is growing at a significant rate, due to mounting access to smartphones, tablets, and other mobile platforms, and escalating emphasis on patient-centric healthcare delivery.
On the basis of stakeholders, the market is subdivided into healthcare provider, content players, mobile operator, and device vendor. Of all the stakeholders, the mobile operator accounted for a foremost share in the mhealth market. Moreover, the content players are expected to grow at the fastest rate in the market, due to technological advancement, and mounting acceptance of remote monitoring solutions.
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Expanding employment of mhealth solutions for personalized patient engagement, mounting acceptance of cloud-based mhealth solutions, escalating emphasis on consumer-centric mobility solutions, and wearable health technology is the trends in the mhealth market.
Mounting access of smartphones, tablets, and other mobile platforms, escalating emphasis on patient-centric healthcare delivery, the mounting occurrence of lifestyle associated disorder, expanding consumption of connected medical devices and mhealth apps for the treatment of chronic and lifestyle associated diseases and mounting need of remote patient monitoring services are the primary growth drivers for the mhealth market.
North America is the largest mHealth market as in the region the smartphone users are increasing. Asia-Pacific is observed to witness the fastest growth in the market, due to the mounting occurrence of chronic and lifestyle associated diseases.
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Key players in the mhealth market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
Cerner Corporation, Koninklijke Philips N.V., Omron Corporation, Medtronic PLC, Cisco Systems, Inc., BioTelemetry, Inc., Ihealth Lab Inc., Apple Inc., AT&T, Inc., Johnson & Johnson, and Airstrip Technologies are the key players offering mhealth.
Source: VynZ Research