Wireless and Telecommunications Technologies Help To Increase the Growth of the Mhealth Market from 2018 To 2025
mHealth Market is a collection of strategies for enhancing wireless health care publicly to deliver health education and support the utilization of electronic data and telecommunications technologies. Electronic information and telecommunications technologies facilitate long-distance clinical health care, patient health-related education, public health, and health administration. The term “mHealth” is used to explain the unprecedented spread of using mobile technologies and advancements in their innovative applications, to address health priorities that have evolved into a new field of eHealth that’s called mHealth. These advanced and innovative technologies include live video-conferencing, store-and-forward imaging, streaming media, mobile health, terrestrial & wireless communications, and the internet.
The above factors increase the demand for worldwide health solutions and services. The gradual growth within the treatment and diagnosis is also expected to increase the need for the health Market within the forecast period.
The health market is divided based on services; devices end users. Based on services, the market is assessed as remote observation, diagnosis, treatment, health support, fitness, and others. In 2016, the remote monitoring services segment held the most significant market share by services. Based on the devices segment, the market is segmental into the insulin pump, B.P. monitor, glucose monitor, individual pulse oximeters, and others. Based on the user, the market is categorized into mobile operators, device vendors, health providers, and others.
There has been a considerable improvement in recent years. Rise in the rate of using mobile and wireless technologies that support the achievement of mobile health service delivery across the globe. To propel the growth, this is a powerful combination that includes the continuous increase in coverage of mobile cellular networks and the rapid advances in mobile technologies. According to the International Telecommunication Union (ITU), over 5 billion wireless subscribers are estimated, whereas 70% of the population is in low- and middle-income countries.
The market is divided geographically into North America, Europe, and Asia Pacific. (APC), the Middle East, Africa (MEA), and South and Central America (S&CAM). The health market is matured in the North American region, owing to the increasing utilization of connected medical devices and the increasing adoption of mHealth apps in managing chronic diseases in the U.S. The telecommunication industry has established well at a higher pace in the past decade in the country. Treatment promptly is a major factor that brings more and more users to health. The availability of the diagnosis at an efficient price, as well as the demand for live video-conferencing and mobile health among the population in the region, is the primary factor driving the application in the market. Due to these factors, the market will likely grow in the forecast period.
The players operating in the global health market include LifeWatch, KONINKLIJKE PHILIPS N.V., Medtronic, Boston Scientific Corporation, athenahealth, Inc., Honeywell Life Care Solutions, Cisco Systems, Inc., OMRON Corporation, Masimo, AgaMatrix, Inc. and among others.
About the Guest Author: Nikhil Bhusare
Nikhil has always had a keen interest in reading and writing. Though an Engineering graduate, He forayed into the writing field due to his love for words and the urge to do something different. Insight Partners has given him a chance to gain knowledge about various subjects. He aspires to make each of his written works a piece of art.