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mHealth solutions market to hit 33.4% growth rate and projected to reach $ 59.15 billion by 2020 scrutinized in new research

Medical Market Research

The mHealth solutions market is poised to reach USD 59.15 Billion by 2020 from USD 14.02 Billion in 2015, growing at a CAGR of 33.4% during the forecast period. mHealth Solutions Market growth can be attributed to increasing penetration of smart gadgets, increasing utilization of connected medical devices and mHealth apps in management of chronic diseases, rising healthcare costs creating a need for more affordable treatment options, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare delivery.

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In this report, mHealth solutions market is segmented by products and services into connected medical devices, mHealth applications, and mHealth services. The research report discusses the key market drivers, restraints, and opportunities in the global mHealth solutions market and its submarkets.

Complete report on mHealth Solutions Market spread across 332 pages, Profiling 16 Companies and supported with 274 Tables and 50 Figures is now available at…cast-to-2020.html

The mobile healthcare solutions market covers smartphone-connected medical devices (hardware), paid mHealth applications (software), and services. Currently, connected devices contribute the maximum share (~63.7%) to the mHealth solutions market, although the download volume of mHealth applications is higher than the installed base of connected devices.

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Stakeholders of mHealth Solutions Market 

  • Healthcare Application Developers
  • Medical Device Vendors
  • Mobile Network Providers
  • Connectivity Providers
  • Mobile Platform Developers
  • Insurance Providers (Payers)
  • Healthcare Institutions (Hospitals, Medical Schools, and Outpatient Clinics)
  • Research and Consulting Firms
  • Research Institutes
  • Contract Research Organizations (CROs)
  • Contract Manufacturing Organizations (CMOs)
  • Venture Capitalists

North America commanded largest share of the global mHealth solutions market, followed by Europe, Asia-Pacific, Latin America, & Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to grow at highest CAGR of 38.1% during forecast period.

Growth in this regional segment is largely driven by rapidly aging population, increasing prevalence of chronic diseases, and lack of primary healthcare facilities in rural areas of this region.

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Large share of this region can be attributed to rising need to curtail soaring healthcare expenditure in this region, increasing focus on patient-centric healthcare delivery, & presence of a large number of market players. Although Europe will continue to dominate mHealth solutions market during forecast period, European countries (particularly Germany and U.K.) and Asia-Pacific countries (particularly China and India) are expected to offer significant growth opportunities for market players in forecast period.

The major players in the mHealth solutions market are Medtronic, Inc. (U.S.), Apple, Inc. (U.S.), Sanofi (France), Mobisante, Inc. (U.S.), AirStrip Technologies, Inc. (U.S.), AliveCor, Inc. (U.S.), LifeWatch AG (Switzerland), Nike Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Jawbone (U.S.), Omron Corporation (Japan), Withings (France), BioTelemetry Inc. (U.S.), athenahealth, Inc. (U.S.), AgaMatrix, Inc. (U.S.), iHealth Lab, Inc. (U.S.), AT&T (U.S.), Qualcomm (U.S.), Cerner Corporation (U.S.), Diversinet (Canada), and Cisco, Inc. (U.S.).

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Research report categorizes mHealth solutions market by products and services into connected medical devices, mHealth applications, and services. These markets are broken down into segments and subsegments, providing value analysis for 2013, 2014, and 2015, as well as forecast up to 2020.

Each market is comprehensively analyzed by geography (North America, Europe, Asia-Pacific, Latin America, & Middle-East and Africa) to provide in-depth information on global scenario.

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