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CardioComm Solutions $ – #Mhealth Device Market to Rise 35% Due to Upcoming Developments + Future Investment $ $ $ $ $

Posted by AGORACOM-JC at 3:20 PM on Thursday, December 5th, 2019

SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.

mHealth Device Market Rise +35.03% of CAGR By Upcoming Developments + Future Investment

  • mHealth Device Market is Witnessing Rising Acceptance of Connected Technology Solutions
  • Mobile health is one of the most disruptive trends ever occurred in the healthcare sector.

mHealth 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.

The global mHealth device market share 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 35.03% CAGR throughout the forecast period (2017 – 2023).

Research Synopsis

MHealth 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 mHealth devices in growing numbers of healthcare facilities, which increases the size of the mHealth solutions market globally.

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.Besides, advancements in connectivity and mHealth technology solutions act as a major tailwind for the market growth. Simultaneously, factors such as rising patient involvement n personal healthcare and the introduction of connected healthcare solutions are impacting the growth of the market positively. An increase in lifestyle disease and benefits of mHealth solutions such as cost-effectiveness & convenience foster market growth. Furthermore, raising awareness among patients is driving market growth.

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