M-Health Device Market Overview

According to Market Research Future (MRFR), the global m-health device market is expected to reach a valuation of USD 4757.2 million by 2027, growing at a substantial CAGR of 36.5% during the assessment period. M-Health or mobile health is a significant trend ever occurred in the healthcare sector. It is basically a public health practice supported by mobile communication devices such as smartphones, patient monitoring devices, personal digital assistants (PDAs), and other wearable or wireless devices like smar****ches, Fitbit, and others. Smart connected medical devices, mobile telemedicine/telecare devices, home care devices, and health & fitness devices are some of the examples of mHealth devices.

The global m-health market is driven by the growth in advanced connectivity technologies and solutions such as 3G/4G/GPRS/GSM/ and Wi-Fi. Increasing demand for mobile medical devices among doctors, coupled with the increased usage of these devices by the medical professionals to monitor their patients health and vitals is supporting M-Health Device Market growth to a certain extent. in addition, growing awareness among patients towards the benefits of m-health devices and their aid in easy management of the chronic disease is expected to contribute substantially to the market growth over the review period .

M-health devices, also known as mobile health devices, are generally used for the communication of information and to avail various healthcare services. M-Health is also a process of enabling these services and different data contents to users using wireless technologies like Bluetooth, WiMax, GSM/GPRS/3G, and WiFi. These data contents and services are accessible to various healthcare providers, consumers (patients), and other relevant users of these devices. These devices include smartphones, PDAs, mobile phones, laptops, and tablet PCs (personal computers).

M-Health Device Market Segmentation

MRFR has segmented the market into three dynamics to widen the scope of understanding,

By Type                       : Medical Devices, Health & Fitness Devices, and Other Devices (Mobile Telemedicine/Tele-Care Devices & Home Care Devices)

By Application           : Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, and others.

By Regions                   : Asia Pacific, North America, Europe, and the Rest-of-the-World.

M-Health Device Market Regional Analysis

The global m-health devices market has been segmented into North America, Europe, Asia Pacific (APAC), and the rest of the world.

North America region accounts for the dominant market share  for the m-health device and is expected to reach USD 16,443.4 million by 2027. Favorable factors such as supportive government policies and the rapid adoption of m-health devices coupled with the augmented incentives are expected to drive the market growth in the region over the forecast period. additional developed healthcare infrastructure and significant healthcare expenditure contribute to the market growth, enabling the enhanced development and adoption of these devices. The presence of an established healthcare sector in the US and technological advancement in the country is expected to register the highest market share, which is followed by Canada.

Europe accounts for the second-largest region for the global m-health device market, which is anticipated to grow at a substantial CAGR. Favorable governmental policies and initiatives drive the market growth in the region significantly. Moreover, the growing economy is also expected to contribute to the market growth over the assessment period considerably, along with the expansion of the healthcare sector in the region with increasing healthcare expenditure. Developed countries such as Germany backed by its growing medical devices sector dominates the deployment of the m-health device in the region. Increasing digitalization, along with the growing focus on data governance, data integration, data quality management, hence, contributing to the market growth in Europe.

M-Health Device Market Players

• Allscripts
• Apple Inc.
• Athenahealth
• Cerner
• GE Healthcare
• Koninklijke
• Medtronics

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/m-health-device-market-2866

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