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. The electronic information and telecommunications technologies facilitate to support 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 factors mentioned above are accountable for the increase within the demand for health solutions and services across the world. The gradual growth within the treatment and diagnosis promptly 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 services, diagnosis services, treatment services, health support services, fitness services, and others. In 2016, the remote monitoring services segment held the most significant share of the market 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, devices vendors, health providers, and others.
In recent years, there has been a significant 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), there are now over 5 billion wireless subscribers estimated, whereas 70% population of them located in low- and middle-income countries.
Geographically, the market is segmented into North America, Europe, Asia Pacific (APC), Middle East, and Africa (MEA), and South and Central America (S&CAM). The health market is matured in the North America region, owing to the increasing utilization of connected medical devices and increasing adoption of mHealth apps in the management of chronic diseases in the U.S. The telecommunication industry has established well with a higher pace in the past decade in the country. Treatment promptly is one of the major factors that bring 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 is likely to grow in the forecast period.
The players operating in the health market across the globe 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 field of writing due to his love for words and the urge to do something different. Insight Partners has given him the chance to gain knowledge about various subjects. He aspires to make each of his written works a piece of art.