Segmentation
Based on application, the demand for m-health has been segmented into education and awareness, healthcare management, monitoring application, treatment and diagnostics, wellness and prevention, and others.
The global market for m-health devices has been segmented on the basis of type and application. Based on type, the m-health devices market has been segmented into health and fitness devices, medical devices, and other devices),
M-Health Device Market Overview
M-Health refers to mobile health, one of the most disruptive trends ever occurred in the healthcare sector. It is a public health practice supported by mobile devices, commonly used for health services, information, and data collection through mobile communication devices, such as mobile phones, computers, tablets or PDAs, and wearable devices like smartwatches. mHealth is also defined as a sub-segment of eHealth, which uses ICT (information & communication technology), such as communications satellites, patient monitors, etc. M-Health or mobile health is a significant trend ever occurred in the healthcare sector. It is basically a public health practice supported by mobile communication devices such as smartphones, patient monitoring devices, personal digital assistants (PDAs), and other wearable or wireless devices like smartwatches, Fitbit, and others. Smart connected medical devices, mobile telemedicine/telecare devices, home care devices, and health & fitness devices are some of the examples of mHealth devices.
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M-Health devices include mobile devices, real-time monitors for vital signs, and telemedicine. mHealth solutions allow users to access the collected data to check and maintain the health-related activities, using technologies such as Bluetooth, mobile network (GSM/GPRS/3G/4G), and Wi-Fi. Such advantages are encouraging the acceptance of m-health devices in growing numbers of healthcare facilities, which increases the size of the mhealth solutions M-Health Device Market globally. Using wireless technologies such as Bluetooth, mobile network (GSM/GPRS/3G/4G), and Wi-Fi, mHealth devices allow healthcare practitioners to access the collected data to manage the health conditions of patients. These devices help to achieve health objectives by offering services such as managing emergencies & disasters, mobile telemedicine, appointment reminders, health promotion, treatment compliance, mobile patient records, patient monitoring, decision support systems, and others.
According to a recent industry analysis published by Market Research Future (MRFR), the global m-health device market is expected to create a valuation of over USD 48,663.2 MN by 2023. In its mHealth market growth analysis, MRFR also asserts that the market would register a massive 9.90% CAGR throughout the forecast period (2022 – 2030). The rapid adoption of portable and smart devices such as tablets and smartphones is a key driving force for the growth of the connected healthcare device market services.
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Regional Analysis
The Asia Pacific mHealth devices market is expected to grow lucratively during the review period. Tremendous advancements in mhealth solutions such as telemedicine, remote monitoring, and remote diagnosis drive the APAC mHealth devices market. Besides, easy access to m-health device applications and cost-effective m-health solutions push regional market growth.
North America holds the leading share of the global m-health device market. Being one of the pioneers of mHealth and early adopters of advanced technologies, the region witnesses a huge market demand. The availability of futuristic mHealth technology solutions would help North America to retain its dominance throughout the forecast period.
Europe stands second in terms of the market size of the connected healthcare device market. Rapid advancements in mHealth technology solutions and well-developed healthcare sectors in the region are increasing the market size in Europe.
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