Mobile Health is predicted to reach USD 62.83 billion with a CAGR of 35.65% according to Market Data Forecast Report

Mobile Health is predicted to reach USD 62.83 billion with a CAGR of 35.65% according to Market Data Forecast Report

ID: 1933 | October 2018 | Region: Global

The Mobile Health Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Mobile Health Market is estimated to be USD 13.68 Billion in 2016 and predicted to rise to USD 62.83 Billion by 2021 with a CAGR of 35.65%. The market is segmented by Connected Devices (Blood Pressure Monitor, Glucose Meter, Pulse Oximeter) by applications (Weight Loss, Women's Health, Chronic care management, health and fitness, Personal Health Record and Medication) by services (Remote Monitoring, Consultation, fitness and wellness, Prevention). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa.

Mobile health means use of smart phones or other wireless technologies to educate user about health care. This market is mainly driven by need to reduce healthcare expenditure, increase of aging population, rising incidence of chronic diseases, widespread use of Mobile Smartphones globally, Technological advances like 3G and 4G, prospect of personal healthcare management, need for cost efficient healthcare delivery and increased awareness among people about personal healthcare management.

There is largest sub segment in each of these segments. In Connected Devices Segment, Blood Pressure monitor dominates the market as people suffering with Blood Pressure are growing day by day. The health and fitness applications segment controlled the healthcare applications market with the largest share of 33.7% in 2014. The chronic care management apps segment is predicted to be the fastest-growing segment during the forecast period. The remote monitoring services segment controlled the Mobile Health services market with a share of 63.7%. However, fitness and wellness service is the fastest-growing segment, growing at a CAGR of 48.1% during the forecast period. The growth of this segment is mainly attributed to the increasing awareness on the benefits of maintaining healthy lifestyles.

North America was the largest market in 2016, followed by Europe and Asia-Pacific. However, Asian countries and Latin American countries are expected to offer remarkable growth opportunities for market players in the forecast period.

Major players in this market are, I health,, Philips healthcare, QUALCOMM life, Samsung electronics co ltd, Vodafone.

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