Mobile Healthcare Market Worth $23.49 Billion By 2018
DALLAS, June 26, 2013 /PRNewswire/ --
According to a new market research report "Semiconductor Opportunities in Portable and Mobile Healthcare Market By Equipment (Cardiac, Respiratory, Hemodynamic, Fitness & Wellness, Independent Ageing), Components (Memory, PMIC, Processor, Display, Sensor, Connectivity) (2013 - 2018)", the total market is expected to reach $23.49 billion by 2018, at a CAGR of 30.5% from 2013 to 2018.
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Mobile Healthcare Market means Portable (Movable/Compact) healthcare products with integrated wireless communication capabilities (using various types of WLAN, WPAN and WMAN technologies with various protocols). These products are generally used for measuring & monitoring data in combination with display or representation of the data on a mobile computing device, typically a smart-phone or a tablet. Mobile Healthcare Market has brought dynamism to the portable healthcare equipments industry with the advent of superior wireless technology. Incorporating wireless technology into portable healthcare equipments has augmented healthcare standards and helped in averting many dire health situations. It has also increased patient mobility, both at the hospital and at home. This report covers the Global market and all its market aspects with future opportunities, drivers, restraints and others in detail.
High penetration rates for mobile devices across the world, availability of a wide range of Medical Software Applications and custom ICs being used for manufacturing bringing down the device costs are the key drivers behind the incredible growth of mobile healthcare market. This report describes different semiconductor components used in mobile healthcare equipments such as memory, displays, processors, sensors, PMIC, display driver IC and connectivity IC. The major contributors to the semiconductor revenue of mobile cardiac monitor market are memory and processor.
In Mobile Hemodynamic Monitor Market, processor and PMIC are the major contributors to the semiconductor revenue in 2013. Processor will contribute 23% to semiconductor revenues of mobile hemodynamic monitor market as of 2013 while PMIC will contribute 20%. Connectivity will contribute 37% to semiconductor revenues as of 2013 while display will contribute 17% in the in the mobile respiratory monitor market. Display and Memory components of the equipment contribute to more than 62% of the total semiconductor cost of mobile ultrasound and insulin market in 2013. Semiconductor components contribute to roughly 58% of the end device cost in the fitness and wellness market. 15% of semiconductors in each product are sensors. In independent aging healthcare products, roughly 31% of the semiconductors are for connectivity, while 19% are for display and processors as of 2013.
This report also covers the major healthcare equipments in the mobile healthcare market which include cardiac monitors, hemodynamic monitors, respiratory monitors, Fitness & Wellness, Independent Aging and Others. The two major segments which contribute the major chunk of the revenues in the overall market are cardiac monitors and independent ageing. Mobile cardiac monitor market is estimated to grow at a CAGR of 22.1% from 2013 to 2018 while the mobile independent ageing products market is expected to grow at a CAGR of 25.1% from 2013 to 2018.
This report describes the overall Market into four Major Geographical Segments, namely:
- North America
- Europe
- Asia-Pacific (APAC)
- ROW.
North America is the largest contributor in almost five segments of mobile healthcare market. In the Independent ageing segment, Europe is estimated to contribute the largest share of revenues from 2013 to 2018. APAC is the emerging market where countries like China, Japan, Taiwan, South Korea, etc will be the most striking future markets in mobile healthcare equipments.
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