Home Press Releases High Number of Diabetics Results in 49.4% CAGR of Global mHealth Monitoring and Diagnostic Medical Devices Market from 2013 to 2019
High Number of Diabetics Results in 49.4% CAGR of Global mHealth Monitoring and Diagnostic Medical Devices Market from 2013 to 2019
The global mHealth monitoring and diagnostic medical devices market is growing at a CAGR of 43.3% from 2013 to 2019. The market, worth US$0.65 billion in 2012, will be worth US$8.03 billion by 2019. A report released by Transparency Market (TMR), titled “mHealth Monitoring And Diagnostic Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019”, examines various aspects of this market and is for sale on TMR’s website.According to report, the rising prevalence of diabetes and other chronic illnesses is the primary growth factor for the global mHealth monitoring and diagnostic medical devices market. The market’s growth is also influenced by the growing geriatric population across the world.
Browse the full mHealth Monitoring And Diagnostic Medical Devices Market (Focus On Medical Devices With In-Built Plug-Ins For Connectivity With Devices Like Smartphones And Tablets) Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/mhealth-monitoring-diagnostic-medical-devices.html
The report reveals the fastest growing segment in terms of products in the global mHealth monitoring and diagnostic medical devices market – glucose monitors. The segment is set to show a CAGR of 49.4% from 2013 to 2019.The report states the advantages that the global mHealth monitoring and diagnostic medical devices market provides are essential to the market’s development. This includes the provision of immediate medical attention as well the consistent monitoring of a patient’s stats. This has drastically improved response times of medical emergency units. It has also helped reduce overall expenses incurred by patients in terms of hospital stays and additional treatment plans.
The report also cites statistics that explains the rapid growth of the global mHealth monitoring and diagnostic medical devices market. It includes a statement from the Center for Technology and Aging, which states that there can be savings of nearly US$200 billion within the coming 25 years in medical expenses, due to the products and services provided by mHealth market players.Another citation is a statement by the International Diabetes Federation that the number of diabetics in the world in 2013 was 392 million and could easily increase to 592 million by 2035. This rise in the number of diabetics, as per the report, is one of the greatest growth factors of the global mHealth monitoring and diagnostic medical devices market. This goes along with the rapid growth rate of the glucose monitors segment.
Modern factors that could drive the global mHealth monitoring and diagnostic medical devices market include the use of smartphones in tandem with the current advancements in the mHealth market. The segment of multi-parameter monitoring devices could be a possible favored target for this level of innovation, allowing it to gain substantial market share in the near future.The top companies in the global mHealth monitoring and diagnostic medical devices market discussed in the report include Omron Healthcare, Medtronic Inc., LifeWatch AG, Johnson & Johnson, F. Hoffmann La-Roche Ltd., DexCom, Inc., Dräger AG, Boston Scientific Corporation, Bayer HealthCare AG, BioTelemetry Inc., AT&T, Inc., and Masimo Corporation.
Key segments of the Global mHealth Monitoring and Diagnostic Medical Devices Market
- mHealth Monitoring and Diagnostic Medical Devices Market, by Product Type,
- Glucose Monitors
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Sleep Apnea Monitors
- Multi-parameter Monitors
- mHealth Monitoring and Diagnostic Medical Devices Market, by Geography
- North America
- Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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