mHealth market growth

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M-Health MARKET 2020-2027
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2027
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M-HEALTH MARKET 2020-2027
Mobile Health Market Size, Share and Top
Companies Analysis 
Overview of mHealth Market 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
mHealth market growth is at an explosive pace due
to the factors such as increasing awareness of
mobile technology applications, surging focus on
patient-centric healthcare deliver, technological
innovations, concerns over the rising cost of
healthcare delivery, growing integration of
wireless technologies, convenience of medical
devices, falling prices and growing affordability
of mobile devices and others. 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.
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M-HEALTH MARKET 2020-2027

• 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.
• 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.

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M-HEALTH MARKET 2020-2027
mHealth Market Segments       mHealth market has
been segmented on the basis of therapeutics which
comprises of diabetes, respiratory, mental and
neurological disorders, fitness lifestyle
therapeutics and others. Whereas on the basis of
application the market is segmented into
monitoring applications, diagnosis treatment,
education and awareness, healthcare management,
wellness prevention, remote data
collection Browse full Report _at_https//www.market
researchfuture.com/reports/mobile-health-market-18
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M-HEALTH MARKET 2020-2027
Regional outlook While mHealth grew out of
industrialized nations, the field has shifted in
favor 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.
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M-HEALTH MARKET 2020-2027
In a number of 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). Social
issues Gender gaps and digital divide are raging
issues that have been not analyzed 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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