Pune, Sept. 19, 2018 (GLOBE NEWSWIRE) -- The global market was valued at $ 10782.4 million in 2014 and is likely to garner $ 312214.4 million in 2025, growing at a CAGR of 36.48% during the forecast period, 2018-2025 according to Progressive Markets report, mHealth Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
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The report provides an in-depth analysis of the entire mHealth market. It encompasses the market size, market share analysis, market dynamics, market forecast, Porters Five Forces Analysis, research methodology, key market segments, and the key company profiles. The data in the report has been gathered and validated through an extensive primary and secondary research. The study serves as a useful guide for market players, new entrants, and investors as it helps them identify the prolific investment pockets and opportunities for growth, and determine strategies to be implemented for their business progress.
The report provides an executive summary of the mHealth market to help market players, stakeholders, new entrants, and investors assess the overall industry scenario and take the necessary steps to achieve growth in the years to come. Key findings are highlighted in the report to assist market players to gain insights into the key winning strategies and investment pockets. Porters Five Forces model is provided to help market players develop business strategies for the future and identify the level of competition across the world. Bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, threat from substitutes, and industrial rivalry are the aspects used for the analysis of the model.
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The study discusses the market landscape of the mHealth industry based on the drivers and restraints. the widespread use of mobile and wireless devices, technological advancements, rise in incidence of chronic diseases, and the growing population base are propelling the market growth. Moreover, an increase in the number of live health and pilot projects, growing number of healthcare apps, and an increase in smartphone penetration are likely to create new opportunities for growth in the market. Besides the drivers, there are certain factors hampering the growth of the industry. They include the concerns related to privacy of information and data security.
The market discusses the key industry segments of the mHealth industry. The market is segmented into service, connected device, application, participant, and geography. Based on service, the market is segmented into diagnosis services, monitoring services, prevention, treatment, and healthcare system strengthening solutions. The diagnosis services segment is likely to garner $149,923.0 million in 2025, growing at a CAGR of 42.38% during the forecast period. Based on connected device, the market is divided into blood pressure monitor, blood glucose meter, and pulse oximeter. The blood glucose meter segment is expected to grow at a CAGR of 40.26% during the forecast period. The blood pressure monitor segment is likely to garner $73,965.6 million by 2025. By application, the industry is classified as cardiovascular, diabetes, respiratory, neurology, and others. The cardiovascular segment is likely to garner $199,993.2 million in 2025. Based on participant, the market is segmented into device vendors, content players, mobile operators, and healthcare providers. Geographically, the mHealth market analysis covers four geographical regions, namely Asia-Pacific, North America, Europe, and LAMEA.
The study offers a detailed analysis of key market players active in the global mHealth industry. A business overview is provided in the study to help investors determine investment feasibility and market players to determine strategies for achieving overall business growth. Furthermore, financial and business segments of each market player are offered in the report along with recent developments. Key market players analyzed in the research include AT&T Inc., Apple Inc., Vodafone Group plc, mQure, Allscripts Healthcare Solutions, Omron HealthCare Inc., Samsung Electronics Corporation, Bayer Healthcare, Philips Healthcare, Cardionet Inc., Masimo Corporation, and LifeWatch AG. They adopt growth strategies such as product launches, acquisitions, and partnerships to forge ahead in the market and expand their business presence.