Mobile health care technology is gaining impetus owing to its ability to offer better healthcare services using different health care applications including remote patient monitoring products, sensors, mobile health applications, and medical devices. Hence, rise in the adoption of this technology is expected to generate promising business avenues in the mobile health care devices market in the upcoming years.
Use of mobile health care technology applications can provide easy access to reference materials, medical histories, and lab tests to concerned patients as well as service providers. The adoption of mobile health care technology is being increasing across the globe owing to its ability to assist in minimizing costs by connecting public to their health care providers and simplifying the delivery of care. These advantages are estimated to fuel the sales growth in the mobile health care devices market in the upcoming years.
Rise in prevalence of a wide range of chronic health issues including diabetes, respiratory diseases, hypertension, and heart issues and linked morbidity and mortality is resulting into increase in the adoption of self-monitoring and user-friendly devices. This factor is driving the demand prospects in the global mobile health care devices market. Moreover, the market for mobile health care devices is being driven by rise in the product application for a wide range of purposes such as fitness, chronic care management, general health, nutrition, medical management, and women’s health.
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At present, a wide range of health care applications are available on the basis of lifestyle, personal health care records (PHR), well-being, personal management systems, and nutrition. These applications are gaining immense popularity owing to their ability to offer health records as well as medicine reminders through online treatments and using a single text. Due to such features of these devices, the global mobile health care devices market is projected to gain sizable revenue gains in the years ahead.
The use of mobile health care devices is known to have a positive impact on a broad range of health care devices including multi-parameter trackers, ECG monitors, glucose trackers, blood pressure & cardiac monitors, neurological monitoring devices, pulse oximeters, and sleep apnea devices. This factor is resulting into profitable opportunities for players in the global mobile health care devices market.
North America to Maintain Leading Position in Market
Based on region, the mobile health care devices market is divided into many segments such as Europe, North America, Latin America, Middle East & Africa, and Asia Pacific. Of all, North America is dominant region in the market due to factors such as rise in understanding on latest mobile health care devices and existence of many leading mobile health care device manufacturers in the region.
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The mobile health care devices market in Asia Pacific is prognosticated to gain lucrative avenues in the upcoming years owing to increasing demand for advanced health care infrastructure and improving spending power of regional population. Moreover, growing initiatives and investments by regional government authorities in order to offer superior healthcare services are bolstering the Asia Pacific mobile health care devices market.
Mobile health care device manufacturers are increasing their cash in-flow toward R&D activities in order to launch new products and expand their product portfolio. Moreover, players in the mobile health care devices market are using strategies such as mergers, acquisitions, and partnerships to maintain leading market position.
Some of the key players operating in the global mobile health care devices market include AirStrip Technologies, Medtronic, LifeWatch, AliveCor, Inc., BioTelemetry, Inc., Koninklijke Philips N.V., iHealth Labs Inc., AgaMatrix, Mobisante, OMRON Corporation, and Cisco Systems, Inc.