The Proliferation of Personal Digital Assistants, Ramping Up the Global mHealth Market by $55.63 Billion Through 20115-2022
Bloomington, MN, September 15, 2015 (Newswire.com) - The report entitled “ Global mHealth(Mobile Health ): Focus on Ecosystem(mHealth Devices & Services), Therapeutics, Application/Solution Type & Regions- Estimation & Forecast through 2015 to 2022” depicts an in-depth assessment of the global mHealth market through a forecast period of 2015-2022. As per the market report, by the end of 2022, the total mHealth market revenue will reach $55.63 billion. The report further states that the device segment would grow by CAGR of 38.02%, from 2015 to 2022.
While highlighting the key driving and restraining forces for this dynamic market, the market report also provides a detailed analysis of the mHealth ecosystem, therapeutics, applications and geography with respect to market size and growth rate. The report includes a comprehensive section of the prominent consortiums, compliances and regulatory bodies and their involvement in the mobile health (mHealth) market. It incorporates Porter’s Five Force Model for in-depth analysis of the mHealth device market and an assessment of the factors governing it.
The report inculcates the profiles of major players in the mHealth ecosystem namely, Apple, Agamatrix and Alivecor among various others. Since its inception, North America has contributed the maximum to both the devices and applications markets. The Asian mobile healthcare market is majorly contributed by Japan and China, where a large number of developments in mHealth have been noticed in the last few years. Whereas the U.K. represents the most promising country in Europe. Further, in Rest of the World (ROW), Africa is estimated to show the highest growth from 2015 to 2022.
The expansion of smartphones, tablets and laptops, increasing awareness of chronic diseases management, advanced connectivity such as Bluetooth, Wi-Fi, robust penetration of 3G and 4G network and a promise of better cost efficiency during medical practices are giving a boost to mHealth market. On the other hand, stringent regulations, data insecurity and privacy invasion restrict market growth.
One of the analysts at BIS Research states, “Our study includes an overview and analysis of the mHealth market and the research tries to answer various aspects of the mHealth market, such as factors driving the market, its threats that can possibly slow down the market growth and the current growth opportunities that are going to shape the market expansion of mHealth solutions, thus giving our readers a better insight into the industry trends with a clear understanding of ecosystem of mHealth market penetration”.
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