The market for Mobile Healthcare Devices was assessed at US$ 79429.69 million in 2022 and is expected to develop at a CAGR of 25% to arrive at US$ 720870.54 million by 2032.
As per researchers and medical device experts, using mobile healthcare apps is not the technology itself, but making it part of a well-designed, well synchronized, coordinated-health care process. Mobile healthcare devices monitor consumers mainly for smoking, weight (loss/gain), healthy diet, regular exercise, physical activity, blood glucose, heart rate, blood pressure, cholesterol levels and body temperature.
Mobile Healthcare Devices Market: Drivers and Restraints
Mobile healthcare devices market has boosted the demand for user-friendly and self-monitoring devices in recent years, increasing prevalence of conditions such as heart problems, diabetes, hypertension, and respiratory disease and associated morbidity and mortality rates.
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Healthcare applications based on nutrition, lifestyle, personal healthcare record (PHR), well-being and personal guidance systems provide health information and medication reminders via a single text or through online medicines. Mobile healthcare devices have created a positive impact on healthcare devices which include blood pressure & cardiac monitors, ECG monitors, multiparameter trackers, glucose trackers, neurological monitoring devices, pulse oximeters, sleep apnea devices to name a few.
Mobile healthcare devices aid in minimizing costs by avoiding unnecessary hospitalizations. Penetration of 3G and 4G mobile networks provide healthcare services which is expected to drive the growth of the global mobile healthcare devices market. Misuse of data, uncertainty by the government regulations, low guidance from physicians in selection of healthcare apps and technology infancy concerns could restrain market growth during the forecast period.
Mobile Healthcare Devices Market : Regional Outlook
Geographically, the mobile healthcare devices marketis segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America has a major share in terms of value and volume owing to large number of manufacturers and growing awareness about the upcoming devices.
Majority of U.S. consumers have concluded that mobile healthcare devices are helping them to improve the quality of their lives by monitoring their daily activities. APEJ and Latin American are anticipated to present immense growth opportunities for market players during the forecast period. In APEJ, electronics and medical device industries with their improved efficiency of the healthcare delivery system as well as healthcare workforce are expected to drive growth in the region through 2026. Mobile healthcare device market is largely driven by the vital signs monitoring devices and In Vitro Diagnostics (IVDs).
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Mobile Healthcare Devices Market: Key Players
- The key players in the global mobile healthcare devices marketare:
- Medtronic, Inc.
- AirStrip Technologies, Inc.
- AliveCor, Inc.
- LifeWatch AG
- Koninklijke Philips N.V.
- BioTelemetry Inc.
- AgaMatrix, Inc.
- iHealth Lab, Inc.
- Cisco, Inc.
- Mobisante, Inc.
- Nike Inc.
Omron Corporation
Globally, the manufacturers of mobile healthcare devices are implementing strategies such as merger and acquisitions while launching novel technology advancements by using unique medical sensors and mobile applications (apps).
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis include
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile & Rest of Latin America)
- Western Europe (Italy, France, U.K, Spain, Germany, BENELUX, Nordic countries, Rest Of Western Europe)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- Asia Pacific excluding Japan (China, India, ASEAN countries, Australia & New Zealand, Rest Of APEJ)
- Japan
- Middle East and Africa (GCC countries, S. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Mobile Healthcare Devices Market: Segmentation
Mobile Healthcare Devices Market: By Product Type
- Blood Pressure Monitor
- Blood Glucose Meter
- Pulse Oximeter
- Cardiac Monitor
- Neurological Monitor
- Heart Rate Meter
- ECG Monitor
- Peak Flow Meter
- Sleep Apnea Meter
- Multiparameter Tracker & Others
- Fitbit Or Smart Watches
Mobile Healthcare Devices Market: By Application
- Chronic Care Management
- Mental Health & Behavioral Disorders Management
- Blood Pressure Monitoring
- Diabetes Management
- Cancer Management
- General Health
- Fitness
- Women’s Health
- Nutrition
- Medical Management
- Others
Mobile Healthcare Devices Market: By End Users
- Home Healthcare
- Clinics
- Hospitals
- Diagnostic Laboratories
- Academic & Research Institutions
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