The report “mHealth Solutions Market by Connected Devices (Blood Pressure Monitor, Glucose Meter, Peak Flow Meter) Apps (Weight Loss, Woman Health, Personal Health Record, & Medication) Services (Diagnostic, Remote Monitoring, Consultation) – Global Forecasts to 2022″, The global mHealth solutions market is expected to reach USD 90.49 Billion by 2022 from USD 21.17 Billion in 2017, at a CAGR of 33.7%.
The mHealth solutions market in this report is segmented on the basis of by product and services available in this market. mHealth solutions Market report also provides market information on major regional segments, namely, North America, Europe, Asia-Pacific, and the Rest of the World.
Based on product and service, the connected medical device segment dominated the mHealth product and service market in 2016. The mHealth solutions market growth can be attributed to the shifting consumer preferences towards a healthier lifestyle, need for continuous monitoring of various chronic health conditions of patients, and the need to overcome the financial burden on the caregivers.
The mHealth applications market is segmented into healthcare applications (designed for patients) by activity, and medical applications (designed for professionals). The healthcare applications market is expected to register the highest CAGR during the forecast period. This growth is attributed to the increasing prevalence of chronic conditions, and lifestyle related diseases.
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Bases on mHealth services, the mHealth Solutions market is categorized into remote monitoring, diagnosis services, treatment services, consultation services, fitness and wellness services, prevention services and healthcare system strengthening services.
In 2016, North America dominated the global mHealth solutions market. The high penetration of mobile devices, the development and adoption of innovative technologies, improving consumer accessibility to connected medical devices, and the presence of major companies in this region are driving the growth of the mHealth solutions market in this region.