mHealth Monitoring Diagnostic Medical Devices Market Share, Trends, Analysis and Forecasts, 2020 – 2030
mHealth monitoring diagnostic medical devices market is growing significantly with increasing awareness regarding the chronic diseases and increasing penetration of connected devices worldwide. Expanding IoT infrastructure, growth of 4G & 5G technologies, increasing penetration of smartphones, and rising adoption of smartphone based patient monitoring services are the key factors fueling the growth of the global mHealth monitoring diagnostic medical devices market. The prevalence of chronic health disorders such as cardiovascular diseases and diabetes has alarmed the healthcare authorities to take necessary actions for creating awareness regarding the health hazards posed by these diseases. The smartphone based applications act as a distinguishing platform for tracking the health of patients, monitoring the daily diagnostic schedule and alarming the patients on account of deviation from the prescription. This has bolstered the adoption of mHealth monitoring diagnostic medical devices in the last couple of years. The global mHealth monitoring diagnostic medical devices market is expected to grow significantly during the forecast period.
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North America contributed the largest share to the global mHealth monitoring diagnostic medical devices market in 2019 and is anticipated to be a dominating geography during the forecast period. Increasing health awareness, high penetration of connected devices and increasing adoption of smartphone based healthcare services are the key attributes towards the growth of North America mHealth monitoring diagnostic medical devices market. Asia Pacific is expected to contribute a prominent share to the global market and is anticipated to be the fastest growing geography during the forecast period owing to rising smartphone penetration and uptake of smartphone based healthcare services.
The report titled “mHealth Monitoring Diagnostic Medical Devices Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global mHealth monitoring diagnostic medical devices market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Apple, Inc. reported revenues of USD 260,174 million in 2019 and the product segment analysis of the company indicates that iPhone product category of the company dominated revenue in 2019 with Americas being the largest revenue contributing geography.
The global mHealth monitoring diagnostic medical devices market is segmented based on component, and geography. Based on component the global mHealth monitoring diagnostic medical devices market is segmented into connected medical devices, mHealth applications, and mHealth services. The connected medical devices are sub-segmented into heart rate monitors, activity monitors, electrocardiograph, fetal monitoring, neuromonitoring, and others. The mHealth applications are sub-segmented into fitness & wellness, diabetes, cardiovascular diseases, central nervous system disease, respiratory diseases, musculoskeletal diseases, smoking cessation, medication adherence, and others. Based on geography, the global mHealth monitoring diagnostic medical devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on mHealth monitoring diagnostic medical device and technology. Further, market share of prominent companies in the global mHealth monitoring diagnostic medical devices market would also be estimated. For instance, Apple Inc. operates through five product segments namely iPhone, Mac, iPad, Wearables, Home and Accessories., and Services. The mHealth monitoring diagnostic medical devices are delivered under Wearables, Home and Accessories product segment of the company with revenue contribution of US$ 24,482 million in 2019.