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mhealth Solutions Market to witness major growth in coming years
- mhealth Solutions Market size is projected to experience significant growth from 2019 to 2025.
- Growing prevalence of chronic diseases such as blood pressure and cardiac diseases will drive cardiac health related mobile devices growth in the coming years.
- mHealth technology is viewed as the solution to improve healthcare cost-efficiency as healthcare providers seek to maximize their patient outreach while minimizing costs, thus leading to industry growth.
Increasing penetration of tablet and smart phones users and growing need for remote patient monitoring services will boost mHealth solutions market growth in the future. Increasing demand for healthcare information systems and launch of new applications of mHealth technologies are the factors driving the growth of mHealth solutions market.
Favorable government initiatives will boost mHealth solutions industry in the upcoming years. For instance, in Europe, European commission had launched a public consultation project to gain input from various participant of digital health industry to promote digital health innovations and care for European citizens. Such government initiatives should propel industry growth over the forecast timeframe.
However, lack of lack of favorable reimbursement policies may restrict growth of mHealth solutions market. Highly fragmented mHealth solutions market can hamper revenue generation and company growth in the future.
Glucose meter market will show tremendous growth during the forecast period. Rising incidence of Type-1 and Type-2 diabetes across the globe, increasing usage of homecare devices and growing significance of remote blood glucose monitoring will boost business growth. Moreover, risk of diabetes among the obese individuals and increasing popularity of less invasive glucose monitoring devices has led to rise in demand for digital glucose meters.
Fitness apps market will witness remarkable growth over the forecast period and similar trend is expected in the future. Fitness apps permits consumers to keep a track and monitor on their fitness levels and sports related activities by using smartphones. These apps also help users to keep track on their heart rate and the number of calories lost during workout thus having positive impact on segmental growth.
U.S. will dominate North America mHealth solutions market in the forecast period. U.S. is in forefront for technology adoption. The country is working towards developing smart manufacturing infrastructure that will help operators to make real time use of big data. The implementation of HITECH Act and HIPAA Act are promoting the use of mHealth solution in the country, thus propelling business growth in U.S. during projected timeframe.
Source: http://reportsgo.com/mhealth-solutions-market-to-witness-major-growth-in-coming-years