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(Medical-NewsWire.com, April 19, 2018 ) Mobile Health market was worth USD 13.68 Billion in 2016 and is expected to reach USD 62.83 Billion by 2021 at a CAGR of 35.65 %. Mobile Health means use of phones and other technologies in healthcare. The global mobile health market is expected to witness exponential growth during the forecast period.
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Mobile health developed majorly because of development of smartphones and wireless technologies. Mobile health features use of technologies like Patient Monitoring devices, telecare devices, microcomputers, Data collection software, smartphones and its apps and wireless enabled laptops for monitoring health. Health care providers use Mobile health technology for checking a person’s vital signs or level of injury, chatting with specialists for guidelines, accessing clinical information, collaborating with care teams, Real time monitoring of patient, providing health care remotely called telemedicine. Patients use Mobile Health to track their personal health records through apps and communicate with their care providers.
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This market is mainly driven by the need to reduce healthcare expenditure, rising incidence of chronic diseases, increase of aging population, widespread use of Mobile Smartphones globally, prospect of personal healthcare management, Technological advances like 3G and 4G, need for cost efficient healthcare delivery and increased awareness among people about personal healthcare management. However, the risk of data theft, stringent regulations by FDA and EU, lack of proper guidance from physicians in selecting apps and resistance from traditional healthcare providers in developing countries are some of the key factors that restrain the overall market growth during forecast period.
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Mobile Health market is segmented into connected devices market (Blood Pressure Monitor, Glucose Meter, Pulse Oximeter) and applications market (Chronic care management, health and fitness, Weight Loss, Women's Health, Personal Health record and Medication). Based on services, market can be further segmented into Remote Monitoring, Consultation, fitness and wellness and Prevention. Remote monitoring market accounted for highest revenue but fitness and wellness segment is expected to grow significantly with the highest CAGR during forecast period. Based on geography, global market can be analyzed under various regions namely North America, Asia Pacific, Europe, Latin America and Middle east and Africa. North America dominated the mobile health market followed by Europe and Asia Pacific. Asia pacific and Latin America regions are expected to have significant growth during forecast period.
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Major players in this market are Cardionet.inc, I health lab.inc, Medtronic.inc, Philips healthcare, QUALCOMM life, Samsung electronics co ltd, Vodafone.
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Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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