Dublin, Dec. 03, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/p4..._solutions ) has announced the addition of the "mHealth Solutions Market by Connected Devices Apps Services - Global Forecast to 2020" report to their offering. Global market is grow at a CAGR of 33.4% and is poised to reach USD 59.15 Billion by 2020
mHealth Solutions Market growth is attributed to the increasing penetration of smart gadgets, increasing utilization of connected medical devices and mHealth apps in the management of chronic diseases, rising healthcare costs creating a need for more affordable treatment options, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare are expected to drive the growth of the mHealth Solutions market during the forecast period.
On the other hand, risk of data theft, stringent regulations by the FDA and EU, low guidance from physicians in selecting apps, and resistance from traditional healthcare providers are restricting mHealth Solutions market growth. mHealth apps are also hard to find on Android and Apple stores, which is another major factor limiting the growth of the mHealth Solutions market to a certain extent. The report studies the mHealth solutions market, by products and services, which includes connected medical devices, mHealth applications, and mHealth services. The connected medical devices segment comprises blood glucose meters, ECG monitors, blood pressure monitors, pulse oximeters, peak flow meters, neurological monitoring devices, sleep apnea monitors, multiparameter trackers, and others. Blood pressure monitors accounted for the largest share of the global connected medical devices market in 2014; this segment will continue to dominate the connected medical devices market during the forecast period, mainly due to the growing awareness among patients for the treatment of hypertension through continuous monitoring, proper diets, and timely medication.
The increasing prevalence of hypertension coupled with the growing demand for vital signs monitoring at home are expected to drive the growth of this mHealth Solutions market in the coming years. However, the blood glucose monitors segment is expected to grow at the highest CAGR of 26.1% during the forecast period. This market is mainly driven by the increasing prevalence of diabetes, which will correspondingly drive the adoption of blood glucose monitoring devices among patients. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Insights 7 Global mHealth Solutions Market, By Product 8 Global mHealth Solutions Market, By Region 9 Competitive Landscape 10 Company Profiles - AT&T, Inc. - Agamatrix, Inc. - Airstrip Technologies, Inc. - Alivecor, Inc. - Athenahealth, Inc. - Biotelemetry, Inc. - Cerner Corporation - Cisco Systems, Inc. - Ihealth Lab, Inc. - Johnson & Johnson - Lifewatch Ag - Medtronic PLC - Omron Corporation - Philips Healthcare (A Subsidiary of Royal Philips Electronics) - Withings For more information visit http://www.researchandmarkets.com/research/p4..._solutions
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