The effective usage of mobile devices by healthcare professionals has malformed several factors of clinical practice. It has directed to the speedy growth in the advancement of medical software applications (apps) for these podiums. Mobile devices and apps provide several advantages for the healthcare professionals, most-significantly, the augmented admittance to point-of-care tools, shown to support healthy clinical decision-making and better-quality patient outcomes.
According to the report analysis, ‘Global Mobile Health Market Size study, by Device (Blood glucose meters, Pulse oximetry, BP monitors, Apnea and sleep monitors, Neurological monitoring devices, Wearable fitness sensor device & heart rate meters and others), Application (Cardiovascular diseases, Respiratory diseases, Diabetes, Neurological diseases and others), Services (Monitoring services, Diagnosis services, Wellness and healthcare system strengthening solutions, Prevention and Treatment) and Regional Forecasts 2018-2025’ states that in the worldwide mobile health market, there are several players which recently functioning more positively for leading the fastest market growth and registering the extraordinary value of market share around the globe throughout the short span of time more progressively while increasing aim on the patient-centric healthcare services, increasing the applications of such, advancing the productivity of the services, delivering the better consumer satisfaction and employing the intellectual services includes Cardionet Inc, Ihealth Lab Inc, Medtronic Inc, Philips Healthcare, BioTelemetry Inc., OMRON Corporation, LifeWatch AG, Apple Inc, Qualcomm, Samsung Electronics Co. Ltd and several others.
Additionally, the worldwide Mobile Health Market valued nearby USD 24.7 billion in 2017 is anticipated to augment with a healthy growth rate of more than 33.5 % over the forecast duration of 2018-2025. Compassionate regulatory annoyances specific to practicability and superiority of mobile-based medical devices along with the positive growth in the awareness has had a positive impression on the market. Not only has this, the proficient growth in the focus on patient-centric healthcare services is deliberated as a key trend for the mobile health market across the globe.
On the basis of subdivision, the mobile health market is divided into devices, services and application. The device sector is divided into blood glucose meters, pulse oximetry, BP monitors, apnea and sleep monitors, neurological monitoring devices, wearable fitness sensor device & heart rate meters and many others. The service sector is diverged into monitoring services, diagnosis services, prevention, treatment, wellness and healthcare system consolidation solutions and observing services of which monitoring services is predicted to increase at a great CAGR due to the increasing requirement for the management of chronic sicknesses along with post-acute care management. The application sector is divided into cardiovascular diseases, respiratory diseases, diabetes, neurological diseases and many others.
Furthermore, the effective driving aspects for the mobile health market are increasing the usage of the smartphones and tablets along with the growth in the focus on modified medicines. According to the Consumer Technology Association’s in June 2018, the association has accompanied a study on customer technology proprietorship. The study reveals that smartphone dissemination stood approximately 87% of homes in the United States.
Correspondingly, as per the report distributed by the Wireless Smartphone Strategies (WSS) Services, smartphone dissemination rate of populace rate reached to 44% in 2017 from 39% in 2016 around the globe. As mobile devices offer several benefits for healthcare professionals to support advanced patient outcomes and better clinical decision-making. Nonetheless, the effective increase in the requirement of point of care treatment and diagnosis is predicted to generate the lucrative growth projections for the market. Therefore, in the near years, it is anticipated that the market of mobile health will increase around the globe over the coming years.
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