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(Medical-NewsWire.com, March 04, 2016 ) Massive unexplored market in mhealth industry of developing economies are creating ample opportunities for the mhealth market to grow at a considerable rate in the coming years.
Explore more or request TOC on Global Mobile Healthcare (mHealth) Market at: https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market
In addition, inappropriate patient doctor ratio in the developing countries is also expected to fuel the growth of the mobile healthcare market. The advanced research and development facilities and new applications and solutions developments by the companies are further supporting increase in demand of the mobile healthcare (mhealth) industry.
On the basis of type of devices of mobile healthcare (mhealth), the market can be categorized as blood glucose meters, pulse oximeters, neurological monitoring, blood pressure monitors, cardiac monitors, wearable fitness sensor devices and heart rate meter, sleep monitors and others. Blood pressure monitors lead the mhealth market, by type of devices, due to increasing prevalence of hypertension and increasing affordability of mobile compatible devices; while, blood glucose meters are expected to grow with the fastest rate in the coming years due to increasing prevalence of diabetes.
On the basis of therapeutic, the market can be categorized as neurology, diabetes, cardiovascular, respiratory and others. Moreover, on the basis of stakeholders, the market can be categorized as application players, healthcare providers, mobile operators, and device vendors. The mobile healthcare (mhealth) market can be segmented on the basis of services as monitoring services, wellness services, prevention services, diagnosis services, healthcare system strengthening solution, treatment services and others.
Some of the factors driving the growth of mobile healthcare (mhealth) market are rising government initiatives, increasing prevalence of lifestyle associated diseases such as diabetes, and obesity, technological advancement, and increasing affordability of smart-phones. In addition, increasing prevalence of chronic diseases, rising healthcare expenditure, rising need for constant monitoring of geriatric population, and rising government initiatives are also some of the factors supporting the growth of global mobile healthcare (mhealth) market.
Geographically, North America will be the leading mobile healthcare (mhealth) market in the coming years due to increasing geriatric population, favorable reimbursement policies, and increasing lifestyle associated diseases. Asia-Pacific is the fastest growing region in the global mobile healthcare (mhealth) market. The major reasons for the fastest growth of the market in the region are increasing healthcare expenditure, large pool of patients and increasing prevalence of lifestyle associated diseases in the region. Moreover, the mobile healthcare (mhealth) market is growing due to increasing awareness among geriatric population in the emerging countries, such as India and China, of Asia-Pacific region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices
Some of the companies operating in the mobile healthcare (mhealth) market are Philips Healthcare, Bayer Healthcare, LifeWatch, Omron Healthcare, Inc., Johnson & Johnson, Boston Scientific, Sanofi, AT&T, Inc., Cardionet, Inc., and Masimo Corporation.
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