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  • According to Transparency Market Research’s latest report on the global mHealth monitoring diagnostic medical devices market for the historical period 2017–2018 and forecast period 2019–2027, rise in prevalence of chronic disorders, aging population, technological advancements, entry of new players, and increase in access to health care are projected to drive the global mHealth monitoring diagnostic medical devices market
  • According to the report, the global mHealth monitoring diagnostic medical devices market was valued at US$ 29.05 Bn in 2018 and is projected to expand at a CAGR of 20.5% from 2019 to 2027

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Rise in Prevalence of Chronic Disorders and Increase in Government Initiatives: Key Drivers

  • Prevalence of disease indications such as diabetes, cardiovascular diseases, and other chronic diseases is increasing rapidly across regions due to aging population, unhealthy food habits, and rise in obesity. According to Partnership to Fight Chronic Disease (PFCD), chronic diseases are the leading cause of death and disability in the U.S. Nearly 133 million people in the U.S., or 45% of the population, have at least one chronic disease. These factors fuel the growth of the global mHealth monitoring diagnostic medical devices market.
  • High prevalence of diabetes and improvement in economic conditions are anticipated to propel demand for wearable devices. According to the International Diabetes Federation (IDF), more than 382 million people across the globe currently suffer from diabetes.
  • Increase in government initiatives for the adoption of mhealth products is likely to propel the global market during the forecast period. Governments are making efforts to increase awareness among health care professionals and patients about the usage and benefits of mHealth monitoring diagnostic medical devices.
  • Governments in developed countries such as the U.S. have begun to reach local communities by offering Continual Medical Education (CME) classes. This leads to increase in awareness among physicians and surgeons about the availability and usage of mHealth monitoring diagnostic medical devices. This is projected to augment the growth of the global mHealth monitoring diagnostic medical devices market.
  • In July 2017, the European Commission launched public discussion on how it should promote digital innovation in health care for the advantage of citizens and health systems in Europe

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Focus on Geographic Expansion

  • Companies in the global mHealth monitoring diagnostic medical devices market are undergoing strategic acquisitions which enable product distribution in various regions and also strengthen their global presence. Rise in demand for technology-driven solutions, economic growth, and increase in awareness about chronic disorders present significant opportunities for players operating in the global mHealth monitoring diagnostic medical devices market.
  • In April 2017, NextGen Healthcare, a subsidiary of Quality Systems and a provider of computer-based practice management applications for medical and dental group practices, acquired Entrada, a provider of mobile clinical documentation for ~US$ 34 Mn all in cash. The seller was represented by JEGI.

High Cost and Cyber Threat to Hamper Market

  • The global mHealth monitoring diagnostic medical devices market is technology driven. Introduction of new technologies in the market increases the demand for these systems due to improved efficiency and outcomes. However, high cost of these new devices raises the affordability issue, which hampers the growth of the global mHealth monitoring diagnostic medical devices market, especially in the developing countries. Moreover, lack of reimbursement affects demand for mHealth monitoring diagnostic medical devices.
  • mHealth monitoring diagnostic medical devices have been adopted by patients, therapists, and doctors in the last decade. However, data security breaches have been reported. Hence, cyber threat and increase in data security breaches hamper market growth.

Global mHealth Monitoring Diagnostic Medical Devices Market: Competitive Landscape

  • This report profiles major players in the global mHealth monitoring diagnostic medical devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global mHealth monitoring diagnostic medical devices market is fragmented, with the presence of a number of international as well as regional players
  • Multiple players  operating in the global mHealth monitoring diagnostic medical devices market are
    • Dexcom, Inc.,
    • Apple, Inc.
    • FitBit, Inc.
    • Withings (Nokia)
    • Proteus Digital Health
    • Omada Health, Inc.
    • WellDoc, Inc.
    • Livongo Health, Noom, Inc.
    • Ginger.io, Inc.
    • Propeller Health
    • 2Morrow, Inc.
    • Canary Health
    • Mango Health
    • BiogeniQ Inc.
    • Twine Health, Inc.
    • Glooko, Inc.
    • Firstbeat Technologies Ltd
    • Claritas MindSciences
    • Big Health
    • Dthera Sciences
    • Virta Health Corp
    • Zest Health, LLC
    • Meru Health, Inc.
    • HealthMine, Inc.
    • Pear Therapeutics, Inc.
    • BioTelemetry, Inc
    • Blue Mesa Health
    • Digital Therapeutics
  • which account for more than 80% share of the market

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Global mHealth Monitoring Diagnostic Medical Devices Market: Key Developments

Key players in the global mHealth monitoring diagnostic medical devices market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies of key players are likely to fuel the growth of the global mHealth monitoring diagnostic medical devices market. A few expansion strategies adopted by players operating in the global mHealth monitoring diagnostic medical devices market are:

  • In January 2018, Apple, Inc. announced an update to the Health app with the iOS 11.3 beta, debuting a feature for customers to see their medical records right on their iPhone. The updated Health Records section within the Health app brings together hospitals, clinics, and the existing Health app to make it easy for consumers to see their available medical data from multiple providers.
  • In September 2017, Cerebra Health acquired Younes Medical Technologies, a developer of sleep scoring technology
  • In June 2017, DexCom, Inc. received the Food and Drug Administration (FDA) approval for the Dexcom G5 mobile app for Android devices
  • In July 2017, Fitbit and DexCom, Inc. entered into collaboration to develop and market products to help people better manage their diabetes and get a more complete picture of their overall health with easy-to-use mobile tools
  • In July 2017, Royal Philips announced that it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the Philips BlueControl wearable light therapy device to treat mild psoriasis

The report on the global mHealth monitoring diagnostic medical devices market discussed individual strategies, followed by company profiles of manufacturers of mHealth monitoring diagnostic medical devices. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global mHealth monitoring diagnostic medical devices market.

TMR’s report on the global mHealth monitoring diagnostic medical devices market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global mHealth monitoring diagnostic medical devices market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global mHealth monitoring diagnostic medical devices market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global mHealth monitoring diagnostic medical devices market.

Secondary research also included Internet sources, statistical data from government agencies, websites, companies’ presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global mHealth monitoring diagnostic medical devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global mHealth monitoring diagnostic medical devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global mHealth monitoring diagnostic medical devices market.

The report delves into the competitive landscape of the global mHealth monitoring diagnostic medical devices market. Key players operating in the global mHealth monitoring diagnostic medical devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global mHealth monitoring diagnostic medical devices market that have been profiled in this report.

Key Questions Answered in Global mHealth Monitoring Diagnostic Medical Devices Market Report

  • What is the scope of growth of product companies in the global mHealth monitoring diagnostic medical devices market?
  • What will be the Y-o-Y growth of the global mHealth monitoring diagnostic medical devices market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global mHealth monitoring diagnostic medical devices market?
  • Will North America continue to be the most profitable market for mHealth monitoring diagnostic medical devices providers?
  • Which factors are anticipated to hamper the growth of the global mHealth monitoring diagnostic medical devices market during the forecast period?
  • Which are the leading companies in the global mHealth monitoring diagnostic medical devices market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global mHealth monitoring diagnostic medical devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global mHealth monitoring diagnostic medical devices market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the mHealth monitoring diagnostic medical devices market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serve as a validation from the mHealth monitoring diagnostic medical devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global mHealth monitoring diagnostic medical devices market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global mHealth monitoring diagnostic medical devices market more reliably and accurately.

Regional Segmentation of Global mHealth Monitoring Diagnostic Medical Devices Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Global mHealth Monitoring Diagnostic Medical Devices Market - Segmentation

Product

Connected Medical Devices

  • Heart Rate Monitors
  • Activity Monitors
  • Electrocardiograph
  • Fetal Monitoring
  • Neuromonitoring
  • Others

mHealth Applications

  • Fitness & Wellness
  • Diabetes
  • Cardiovascular Diseases
  • Central Nervous System Disease
  • Respiratory Diseases
  • Musculoskeletal Diseases
  • Smoking Cessation
  • Medication Adherence
  • Others

mHealth Services

 

Application

B2C

  • Patients
  • Caregivers

B2B

  • Providers
  • Payers
  • Employers
  • Others

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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