The Business Research Company’s report on the Mobile Healthcare Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the mobile healthcare market’s growth in recent years?
The increase in incidence of chronic diseases globally is significantly contributing to the growth of the mobile healthcare market. The growing incidence of chronic diseases is due to factors such as aging populations, unhealthy lifestyles, increased pollution, and urbanization. Better diagnostic technologies have also led to higher detection rates of these conditions. For example, one in every three adults worldwide suffers from multiple chronic conditions, with prevalence rates ranging from 16% to 58% in UK studies, 26% in US studies, and 9.4% in urban South Asians. Therefore, the growing incidence of chronic diseases globally is driving the mobile healthcare market growth.
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How does the future projection of the mobile healthcare market size compare to its historical growth?
The mobile healthcare market size has grown exponentially in recent years. It will grow from $134.52 billion in 2024 to $172.87 billion in 2025 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historic period can be attributed to patient engagement initiatives, regulatory support, telehealth expansion, health information exchange.
The mobile healthcare market size is expected to see exponential growth in the next few years. It will grow to $497.72 billion in 2029 at a compound annual growth rate (CAGR) of 30.3%. The growth in the forecast period can be attributed to social determinants of health tracking, telemedicine platforms integration, focus on health equity, pharmacy and medication management, global health crisis response. Major trends in the forecast period include telehealth adoption, wearable technology integration, focus on chronic disease management, interoperability and data security, collaboration with pharma companies, regulatory landscape changes.
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Which key players are shaping the future of the mobile healthcare market?
Major companies operating in the mobile healthcare market include Apple Inc., Koninklijke Philips N. V., Omron Corporation, athenahealth Inc., iHealth Labs Inc., AT&T Inc., Samsung Electronics Co. Ltd., Vodafone Group Plc, Dexcom Inc., Masimo Corporation, Qualcomm Technologies Inc., AliveCor Inc., BioTelemetry Inc., AgaMatrix Inc., Withings S. A., Telefonica S. A., SoftServe Inc., Google LLC, Teladoc Health Inc., Amwell Inc., Doctor on Demand Inc., Omada Health Inc., Hims & Hers Health Inc., Lemonaid Health Inc., K Health Inc., 98point6 Inc., HealthTap Inc., Zocdoc Inc., Carbon Health Inc., One Medical Group Inc., Forward Health Inc., Cityblock Health Inc., Oak Street Health Inc., ChenMed LLC, VillageMD LLC, DispatchHealth Inc., Ready Inc., MediciNova Inc.
What trends will propel the growth and evolution of the mobile healthcare market?
Major companies operating in the mobile healthcare market are developing cloud-based healthcare solutions to gain a competitive edge in the market. Cloud-based healthcare system refers to the use of cloud computing technologies and services to store, manage, access, and analyze healthcare-related data, information, and applications. For instance, in November 2022, Boston Scientific Corporation, a US-based company, announced the launch of LUX-Dx Insertable Cardiac Monitor (ICM) System, a long-term diagnostic device designed to be implanted under the skin of patients. This innovative system aims to detect arrhythmias associated with conditions such as atrial fibrillation (AF), cryptogenic stroke, and syncope. The LUX-Dx ICM features advanced dual-stage algorithms that automatically identify and verify arrhythmias, providing actionable insights for clinicians while minimizing false positives.
Which regions are expected to become dominant players in the mobile healthcare market?
North America was the largest region in the mobile healthcare market in http://2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the mobile healthcare market, and how are they evolving?
The mobile healthcare market covered in this report is segmented –
1) By Device Type: Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body And Temperature Monitors, Remote Patient Monitoring Devices, Other Device Types
2) By Service Type: Treatment Services, Diagnostic Services, Monitoring Services, Wellness and Fitness Solutions, Other Service Types
3) By Stake Holder: Mobile Operators, Healthcare Providers, Application Or Content Players, Other Stake Holders
Subsegments:
1) By Blood Glucose Monitors: Continuous Glucose Monitors (CGMs), Blood Glucose Meters
2) By Cardiac Monitors: Electrocardiogram (ECG) Monitors, Holter Monitors, Event Monitors, Hemodynamic Monitors
3) By Hemodynamic Monitors: Invasive Hemodynamic Monitors, Non-Invasive Hemodynamic Monitors
4) By Neurological Monitors: EEG Monitors, Intracranial Pressure Monitors
5) By Respiratory Monitors: Pulse Oximeters, Capnometers
6) By Body And Temperature Monitor: Wearable Body Temperature Monitors, Thermometers
7) By Remote Patient Monitoring Devices: Wearable Devices, Smartphone-Based Monitoring
8) By Other Device Types: Smart Pill Bottles, Health Tracking Apps
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What defines the structure and scope of the mobile healthcare market?
Mobile healthcare refers to a branch of electronic health, which is defined as public and medical health practice supported by mobile devices. Healthcare devices are utilized for the collection and storage of patient information to obtain accurate results, which are used to diagnose and treat various medical conditions.
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