The mHealth Solutions Market is Poised to Reach USD 59.15 Billion by 2020 According to, 'mHealth Solutions Market by Connected Devices & Apps Services - Global Forecast to 2020'

Dec 04, 2015, 03:00 ET from Research and Markets

DUBLIN, December 4, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/xkv66t/mhealth_solutions) has announced the addition of the "mHealth Solutions Market by Connected Devices Apps Services - Global Forecast to 2020" report to their offering. 

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The mHealth solutions market is poised to reach USD 59.15 Billion by 2020 from USD 14.02 Billion in 2015, growing at a CAGR of 33.4% during the forecast period

In this report, the mHealth solutions market is segmented by products and services into connected medical devices, mHealth applications, and mHealth services. The research report discusses the key market drivers, restraints, and opportunities in the global mHealth solutions market and its submarkets. 

On the basis of connected medical devices, the mHealth Solutions market is segmented into blood glucose meters, ECG monitors, blood pressure monitors, pulse oximeters, peak flow meters, neurological monitoring devices, sleep apnea monitors, multiparameter trackers, and others. Blood pressure monitors, blood glucose meters, and multiparameter trackers are some of the most widely-used connected medical devices across the globe. Blood pressure monitors accounted for the largest share of the global connected medical devices market in 2014. However, the market for blood glucose meters is expected to grow at the fastest pace during the forecast period. New technologies like peak flow meters and pulse oximeters are expected to have a lower adoption rate among patients owing to the lower awareness. Moreover, these connected devices require training to operate and analyze data for accurate diagnosis, which is expected to further limit their adoption. 

During the forecast period, the mHealth applications segment is expected to grow at a highest CAGR of 48.1%. mHealth apps comprise healthcare apps for patients and medical apps for healthcare professionals. Healthcare apps (comprising chronic care management apps, general health and fitness apps, and women's health apps) accounted for the largest share of the mHealth apps market in 2014. Growth in the healthcare apps segment is mainly driven by the increasing downloads of paid healthcare apps by patients for the self-monitoring of vital signs on a continuous basis and communicating with physicians for related services. The growing trend of leading a healthy lifestyle among people by monitoring various health parameters on a daily basis is also one of the key factors driving the growth of mHealth Solutions market segment, which in turn is contributing to the growth of the mHealth apps market. 

The mHealth services market is segmented into remote monitoring, diagnostic and consultation, treatment, fitness and wellness, prevention, and healthcare system strengthening services. Remote monitoring accounted for the largest share of nearly 63.5% of the global mHealth services market. This market is projected to reach USD 8.98 Billion by 2020, growing at a CAGR of 39.5% during the forecast period. Growth in this market is primarily driven by the increasing adoption of smartphones across the globe, availability of high-speed networks, and rising demand for remote patient monitoring and consultation services for chronic disease management and general healthcare and fitness. 

In 2014, North America accounted for the largest share of the mHealth solutions market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Although Europe will dominate the mHealth solutions market during the forecast period, Asian countries (particularly China and India) and Latin American countries (particularly Brazil) are expected to offer significant growth opportunities for mHealth Solutions market players in the forecast period. This is majorly attributed to the rapidly aging population in developed countries, high levels of chronic disease in emerging markets, and rising per capita income in these countries. 

Additionally, the increasing penetration of smart gadgets, rising healthcare costs creating a need for more affordable treatment options, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare delivery are some of the key growth drivers for these mHealth Solutions market. 

Key Topics Covered: 

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Insights

7 Global mHealth Solutions Market, By Product

8 Global mHealth Solutions Market, By Region

9 Competitive Landscape

10 Company Profiles

- AT&T, Inc. 
- Agamatrix, Inc. 
- Airstrip Technologies, Inc. 
- Alivecor, Inc. 
- Athenahealth, Inc. 
- Biotelemetry, Inc. 
- Cerner Corporation 
- Cisco Systems, Inc. 
- Ihealth Lab, Inc. 
- Johnson & Johnson 
- Lifewatch Ag 
- Medtronic PLC 
- Omron Corporation 
- Philips Healthcare (A Subsidiary of Royal Philips Electronics) 
- Withings 

For more information visit http://www.researchandmarkets.com/research/xkv66t/mhealth_solutions

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