Mobile The global mHealth market is projected to reach USD 21.71
billion by 2022, growing at a CAGR of 35.65% during the forecast period.
mHealth Market is segmented by devices, services,
technology and applications. The device segment is sub segmented into blood
glucose meters, BP monitors, pulse oximetry, neurological monitoring, wearable
fitness sensor device, heart rate meters and others. The services segment is
sub segmented into diagnosis, monitoring, prevention, treatment, and others.
The application segment is sub segmented into cardiovascular, respiratory,
neurological, genetic diseases and others.
The largest players in the mHealth market are
Apple, AT&T, AirStrip, Boston Scientific, CardioNet, Athena health, Sanofi,
Fitbit, Telcare, Zephyr Technology and others.
Mobile health or mHealth is the
practice use of mobile devices for the purpose of health services, information,
and data collection. mHealth has emerged as a booming field due to advancements
in the use of information and communication technology (ICT), for health
services and information. mHealth applications include the use of mobile
devices such as mobile phones, tablet computers and wearable devices such as
smart watches, in collecting health data, delivery of healthcare information,
real-time monitoring, and direct provision of care via mobile telemedicine.
The factors constraining the market are low mobile
and network coverage in developing and poorer regions of the world, lower
accuracy, poor penetration of smart devices, nascent technology in
underdeveloped economies, limited reimbursement, lack of technological
awareness among the ageing population, concerns over information security and
privacy and others.
A careful analysis of the factors reveals the
following;
- Poor network
coverage and quality represent the most critical factor restraining the
market
- Technological
development in the mobile device and information management systems
represent the critical opportunity factor for the market
- Growing mobile
device affordability and awareness are the critical driving factors behind
the market growth. According to Pew research, 78% of adults under 30 own a
laptop or desktop computer, compared with 88% in 2010. Smartphone
ownership is very high at 86% of in 2015 in the age group of 18- to
29-year-olds.
Regional outlook
While mHealth grew out of industrialized nations,
the field has shifted in favour of the developing countries, stemming from the
rapid rise of mobile phone penetration in low-income nations. For example, in a
study conducted by Pew research in contrast to a median of 45% across emerging
and developing countries reported using the internet occasionally in 2013, the
number in 2015, rose to a whopping 54%. The largest growth has been reported
from large emerging economies such as Malaysia, Brazil and China. The
comparative figures in 2015 was 87% for advanced economies such as U.S. and
Canada, major Western European nations, Australia, Japan etc.
Another example can be seen in the falling divide
for smartphone ownership between developing and developed economies. Smartphone
ownership rates in emerging and developing nations climbed from a median of 21%
in 2013 to an eye watering 37% in 2015. There also is an effect of the
demographic dividend that is paying well for the market as in nearly every
country, millennials are much more likely to be internet and smartphone users
compared with those ages 35 and older. Other findings reveal that smartphone
ownership rates have skyrocketed in many countries since 2013. This includes
increases of over 25 percentage points among the economies of Turkey, Malaysia,
Chile and Brazil.
In several emerging and developing countries, more
people have access to the internet and are also using it more frequently. In 12
emerging nations surveyed in 2014 and 2015, there were significant increases in
the share of adult internet users who say they access the internet several
times a day, including in Nigeria (+20 points), Ghana (+19) and China (+13).
Thus developing region nations are likely to be the leaders in mHealth market
in the near future.
However Africa remains a dark continent for the
mhealth market due to its poor socio economic conditions. The countries with
the least smartphone ownership rates are Tanzania (11%), Uganda (4%) and
Ethiopia (4%).
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Full Report @ https://www.marketresearchfuture.com/reports/mobile-health-market-1816
Social issues
Gender gaps and digital divide are raging issues
that have been not analysed to the degree they demand. Men are more likely than
women to use the internet and these differences are especially stark in African
nations. Large gender gaps also appear on smartphone ownership with men being
more likely to own a smartphone in many countries, in developing regions. The
applications of mHealth also reflect the social reality. mHealth is restricted
to dissemination of information, whereas the developed world is moving towards
connected healthcare and big data applications.
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