mHealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 - 2020
NEW YORK, Dec. 16, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Currently mobile penetration is more than 100% in developed markets and is rapidly increasing in developing markets such as Asia-Pacific, Latin America and Africa. Moreover, increasing exposure to smartphones along with 3G and 4G networks will further boost the adoption of mobile devices in most sectors especially in healthcare systems. Furthermore, shift is observed from hospital-care to personal-care as Mobile Healthcare systems are providing seamless support and care to patients irrespective of their locations. On top of that, the advent of new generation of connected medical devices is making it easier for healthcare providers to serve patients effectively and at a lower cost. Mobile medical devices provides adequate and systematic recording of biomedical signals such as respiratory parameters, glucose analysis, electrocardiogram (ECG) recordings and blood pressure measurements irrespective of the location. Thus, major factors that mobile health market players use to differentiate their product and services are portability, automation, ease of use and customization and have proved to be an optimal solution for monitoring and diagnosis of chronic conditions. Thus, mobile access is expected to become ubiquitous part of healthcare system over next few years worldwide just like healthcare access.
Increasing number of active subscribers and growing coverage of mobile networks is primarily driving the demand for smart and connected devices which in turn steering the growth of Mobile Healthcare Market. On top of that, increasing incidence lifestyle driven diseases namely diabetes and obesity is also enabling the mobile healthcare devices market growth. In spite of technological advancement in medical devices and rise in per capita income, the higher cost of healthcare systems poses challenges such as affordability and complexity worldwide. In developed markets per capita expenditure on healthcare is increasing at a faster rate than increase in income level and inflation rate due to rise in chronic diseases. Yet there has been no corresponding increase in quality of healthcare services rendered in many countries and thus can be treated as opportunity for Mobile Health Market. On the other hand, developing countries are still struggling to provide adequate healthcare solutions to their citizens.
Owing to factors detailed above, the global mobile health (mHealth) market is estimated to reach $58.8 billion by the end of 2020 at a CAGR of 32.3% between 2013 and 2020. Blood Glucose Meters device market is projected to lead in the mHealth devices market followed by cardiac monitoring devices during the forecast period (2013 – 2020). Gradual maturation of Blood Glucose Meter devices market has been observed and growing saturation will result into relatively slower growth during the forecast period. On the other hand, the research revealed that channel distribution will account for about 95% of total sales as compared to direct marketing.
Increasing emphasis on preventive medication is expected to drive the mHealth service market. Monitoring services is expected to take away major chunk of the market with most of the revenue will come from the developed regions. The growth in monitoring services market will be primarily driven by the increasing need of solutions that aid chronic disease management, and independent aging population.
North America leads the regional market landscape of the global mHealth market followed by Europe and Asia Pacific. However, by 2020, Europe and Asia Pacific will take away the lead from North America with each occupying more than 28% of the market.
Market attractiveness analysis, compares various devices markets along with factors responsible for the most attractive devices market. Market attractiveness analysis for the most attractive geographical region worldwide is also considered and has detailed study of factors responsible for rapid growth in the regions. Porters Five force analysis discusses five forces such as bargaining power of buyers, bargaining power of suppliers, Degree of Competition, Threat of New Entrants, and Threat of Substitute Product in detailed for mHealth market.
This comprehensive market study takes into account various economic factors which are significant in determining the market trends, buying decisions and future course of the market. Detailed elaboration of drivers, restraints and opportunities in the report will enable in strategic decision making with perceptive to identify potential markets. In addition to this, the study also discusses various environmental and regulatory factors critical for the market growth. Thus, estimation of market numbers, with due consideration to all these factors has helped in enhancing the scope of the report. This analysis will support stakeholders such as manufacturers and distributers of medical devices in identifying and capturing markets with high potential. Historical data is provided for 2012 whereas forecast is available through 2020 in terms of revenue ($million) for each and every market segments.
The market is also analyzed on the basis of market shares of major market players in the global mobile health market. This analysis is carried out on the basis of their business strategies, recent organic and inorganic developments, and their market presence and penetration. Company profiles of top worldwide market players included in this report covers their business strategies, financial overview, SWOT analysis and recent development. This inclusion will enhance the strategic business decision making of the stakeholders. The players profiled in this report includes: Philips healthcare, Omron HealthCare Inc., Bayer Healthcare, LifeWatch, Cardionet Inc., Masimo Corporation, Sanofie, Boston Scientific, AT&T Inc., and Johnson & Johnson
1. Introduction
1.1. Scope and Coverage
1.2. Report Description
1.3. Research Methodology
2. Executive Summary
3. Global Mobile Healthcare (mHealth) Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Ten Factors Impacting mHealth Market
3.2.2. Top Three Winning Strategies In the mHealth Market
3.2.3. Global m-Health Market Players Positioning
3.2.4. Top Investment Pockets in mHealth market
3.2.4.1. mHealth Device Market
3.2.4.2. mHealth Service Market
3.2.4.3. mHealth Stakeholders Market
3.2.4.4. mHealth market by Therapeutic
3.3. Porter's Five Force analysis
3.3.1. Bargaining power of supplier clearly differ within m-Health devices and services market
3.3.2. Technology enhancement key to increased bargaining power among the buyers
3.3.3. Competition among market players to get tougher over time
3.3.4. Possible New Entrants from Conventional Product Manufacturers
3.3.5. Conventional Testing Methods Pose Challenge to mHealth Market Players
3.4. Regulatory Issues, Legislations and Authorities
3.4.1. Regulations and Directives pertaining to mHealth in the U.S.
3.4.2. Regulations and Directives pertaining to mHealth in EU
3.5. Insurance Reimbursement Scenario
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Integration of wireless technologies with portable healthcare devices
3.6.1.2. Increasing Lifestyle Disease
3.6.1.3. Cost and Convenience Factors
3.6.1.4. Technological Innovations
3.6.1.5. Government Initiatives
3.6.1.6. Affordability of Smartphones
3.6.2. Restraints
3.6.2.1. Lower Adoption due to Lack of Accuracy and Technology Infancy
3.6.2.2. Weak Reimbursement Coverage
3.6.2.3. Technological Awareness Among the Ageing Population
3.6.2.4. Uncertainty in the Government Regulations is Responsible for Mundane Growth Rate
3.6.3. Opportunities
3.6.3.1. Untapped Market of Developing Economies
3.6.3.2. Rising Opportunities for Mobile Medical Devices Manufacturers in the form of Bundled Services
3.7. Advancing Wireless Technologies
3.7.1. 3G
3.7.2. 4G
3.7.3. Zigbee
3.7.4. Wimax
3.7.5. Others
3.8. Case Study: Monitoring and Supporting Patients With Hypertension Over Blackberry Smartphones
4. Global Mobile Healthcare (mHealth) Market - by Devices
4.1. Blood Glucose Meters
4.1.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.1.2. Market Trends
4.1.3. Key Market Drivers
4.1.3.1. Rise in Incidences of Diabetes
4.1.3.2. Round-the-Clock Monitoring
4.1.4. Market Restraints
4.1.4.1. Accuracy an Issue
4.1.4.2. Complexity
4.1.5. Market Opportunities
4.2. BP Monitors
4.2.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.2.2. Market Trends
4.2.3. Key Market Drivers
4.2.3.1. Rise in Incidences of Hypertension
4.2.3.2. Need to Continuously Monitor BP
4.2.4. Market Restraints
4.2.4.1. Accuracy as a Concern
4.2.5. Market Opportunities
4.3. Pulse Oximeters
4.3.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.3.2. Market Trends
4.3.3. Key Market Drivers
4.3.4. Market Restraints
4.3.5. Market Opportunity
4.4. Neurological Monitoring
4.4.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.4.2. Market Trends
4.4.3. Key Market Drivers
4.4.3.1. Increase in Incidences of Neurological Disorders
4.4.3.2. Technological Advancement
4.4.4. Market Restraints
4.4.4.1. High Price
4.4.5. Market Opportunity
4.5. Cardiac Monitors
4.5.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.5.2. Market Trends
4.5.3. Key Market Drivers
4.5.3.1. Rising Incidences of Heart Diseases
4.5.4. Market Restraint
4.5.4.1. Standardization and Inter-Operability a Concern
4.5.5. Market Opportunity
4.5.5.1. Lack of Trained Healthcare Professionals
4.6. Apnea & Sleep Monitor
4.6.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.6.2. Market Trend
4.6.3. Key Market Drivers
4.6.3.1. Large Patient Pool in the U.S.
4.6.3.2. Increasing Awareness
4.6.3.3. Government Regulations
4.6.4. Market Restraints
4.6.4.1. Ignoring the Existing Sleeping Disorder
4.6.5. Market Opportunities
4.7. Wearable Fitness Sensor Device and Heart Rate Meters
4.7.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
4.7.2. Market Trend
4.7.3. Key Market Drivers
4.7.3.1. Increase in Adoption due to Health Consciousness
4.7.4. Market Restraints
4.7.4.1. Cost as a Constraint
4.7.5. Market Opportunity
4.7.5.1. Targeting Effluent Pockets of Developing Economies
4.8. Others
5. Global Mobile Healthcare (mHealth) Market - By Service
5.1. Market Size and Forecast, by Geography, 2012 – 2020 ($million)
5.2. Key Drivers
5.2.1. Rising Healthcare Expenditure
5.2.2. Need To Continuous Monitor Elderly Population
5.2.3. Burden of Managing Non-Communicable Diseases as well as Pre-Existing Burden of Communicable Diseases
5.3. Market Restraints
5.3.1. Physicians Acceptance
5.3.2. Reluctance of Individual in Adoption of mHealth Solutions
5.4. Market Opportunities
5.4.1. Opportunities in Developing Economies
5.4.2. Increase in Smartphone Penetration Creates Opportunity for Allied Services
5.5. mHealth Services Market Segmentation
5.5.1. Wellness Services Market – Global and Geography, 2012 – 2020 ($million)
5.5.2. Prevention Services Market – Global and Geography, 2012 – 2020 ($million)
5.5.3. Treatment Services Market – Global and Geography, 2012 – 2020 ($million)
5.5.4. Diagnosis Service Market – Global and Geography, 2012 – 2020 ($million)
5.5.5. Monitoring Services Market – Global and Geography, 2012 – 2020 ($million)
5.5.6. Healthcare Systems Strengthening Solutions Market – Global and Geography, 2012 – 2020 ($million)
5.5.7. Other Services And Applications Market – Global and Geography, 2012 – 2020 ($million)
6. Global Mobile Healthcare (mHealth) Market – By Stakeholders
6.1. Mobile Operators Market, 2012 – 2020 ($million)
6.2. Device Vendors Market, 2012 – 2020 ($million)
6.3. Healthcare Providers Market, 2012 – 2020 ($million)
6.4. Application Players Market, 2012 – 2020 ($million)
7. Global Mobile Healthcare (mHealth) Market - By Therapeutic Segment/Specialty
7.1. Cardiovascular Market, 2012 – 2020 ($million)
7.2. Diabetes Market, 2012 – 2020 ($million)
7.3. Respiratory Market, 2012 – 2020 ($million)
7.4. Neurology Market, 2012 – 2020 ($million)
7.5. Others Market, 2012 – 2020 ($million)
8. Global Mobile Healthcare (mHealth) Market - By Geography
8.1. Impact Analysis Pertaining to Geography
8.2. North America Mobile Healthcare Market, 2012 – 2020 ($million)
8.3. Europe Mobile Healthcare Market, 2012 – 2020 ($million)
8.4. Asia Pacific Mobile Healthcare Market, 2012 – 2020 ($million)
8.5. RoW Healthcare Market, 2012 – 2020 ($million)
9. Company Profiles
9.1. Philips healthcare
9.1.1. Company Overview
9.1.2. Key Financials
9.1.3. Strategies
9.1.4. SWOT Analysis
9.2. Omron HealthCare Inc.
9.2.1. Company Overview
9.2.2. Key Financials
9.2.3. Strategies
9.2.4. SWOT Analysis
9.3. Bayer Healthcare
9.3.1. Company Overview
9.3.2. Key Financials
9.3.3. Strategies
9.3.4. SWOT Analysis
9.4. LifeWatch
9.4.1. Company Overview
9.4.2. Key Financials
9.4.3. Strategies
9.4.4. SWOT Analysis
9.5. Cardionet Inc.
9.5.1. Company Overview
9.5.2. Key Financials
9.5.3. Strategies
9.5.4. SWOT Analysis
9.6. Masimo Corporation
9.6.1. Company Overview
9.6.2. Key Financials
9.6.3. Strategies
9.6.4. SWOT Analysis
9.7. Sanofi
9.7.1. Company Overview
9.7.2. Key Financials
9.7.3. Strategies
9.7.4. SWOT Analysis
9.8. Boston Scientific
9.8.1. Company Overview
9.8.2. Key Financials
9.8.3. Strategies
9.8.4. SWOT Analysis
9.9. AT&T Inc.
9.9.1. Company Overview
9.9.2. Key Financials
9.9.3. Strategies
9.9.4. SWOT Analysis
9.10. Johnson & Johnson
9.10.1. Company Overview
9.10.2. Key Financials
9.10.3. Strategies
9.10.4. SWOT Analysis
Companies Mentioned
Philips healthcare, Omron HealthCare Inc., Bayer Healthcare, LifeWatch, Cardionet Inc., Masimo Corporation, Sanofie, Boston Scientific, AT&T Inc., and Johnson & Johnson
To order this report: mHealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 - 2020
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