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Consumer mHealth Market Segmented By Type of Services such as Diagnosis services, Monitoring services, Healthcare systems strengthening services and Others
Consumer mHealth (mobile health) is the practice of medicine and consumer health by using mobile devices. The consumer mHealth uses mobile and wireless technologies to generate data on an individual’s biology, daily environment and physiology. mHealth aids in the fast delivery of telemedicine services by using 4G & 3G LTE networks enabled services such as high-speed data transfer and video calling. Mobile health technologies consists of one-way and two-way data applications.
One-way data application comprises the flow of information from physician or healthcare practitioner to patients by educative methodology & SMS. The two-way model rely on data access programs, such as remote monitoring and client record access. The consumer mHealth market is expected to witness lucrative growth with healthy CAGR during the forecast period.
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The drivers of consumer mHealth market are advancements in medical technologies or increase in adoption of smartphones, increase in income levels, change in consumer preferences due to rising adoption for data services, healthy government policies, and significant regulatory scrutiny. Furthermore, increase in physicians’ acceptance, increasing the prevalence of diseases due to rising aging population and changing lifestyle, and increasing incidences of chronic diseases (diabetes, heart ailments & cancer).
Despite of having these benefits, the consumer mHealth market struggles from some challenges such as security concerns for privacy and data safety, rising healthcare expenditures, shortage of trained professionals as well as lack of effective healthcare delivery infrastructure.
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Globally, monitoring services is anticipated to have the largest market share and it will be driven primarily by solutions that help independent ageing, post-acute care service and chronic disease management by generating revenues from developed and large developing countries such as China.
Furthermore, Diagnosis services are projected to generate revenue from developing countries, and healthcare systems strengthening services will be the prominent category in both developed & developing countries due to high applicability and social benefit. In addition, Mobile operators are anticipated to be the key players followed by, healthcare providers, content players and device vendors.
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A region level segmentation is completed for consumer mHealth market that covers
Globally, the consumer mHealth market is expected to lead by North America due to a significant number of live mobile health and pilot projects, followed by Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, Latin America and the MEA.
The leading players working in the consumer mHealth market are Vodafone Limited, Apple, Inc., NTT Docomo, Inc., Samsung Electronics Corporation, AT&T Services, Inc., Healthdirect Australia, mQure Health Pvt. Ltd., Allscripts Healthcare Solutions, and Qualcomm Inc.
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 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.
