According to a recently published report by Research Nester on “Mobile Health and Smart Sensor Market Outlook: Global Industry Insights & Opportunity Assessment 2019–2027” delivers detailed overview of the global mobile health and smart sensor market in terms of market segmentation by technology and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Prevalence of life-threatening diseases is increasing owing to changing lifestyle habits, sedentary lifestyle and lack of exercise. Due to lack of exercise and sedentary lifestyle, people are getting prone to different diseases which can become fatal later and is increasing the demand for mobile health and smart sensors. Increasing use of tablets, smart phones, laptops etc. is increasing among all age groups and the third and fourth generation network helps to provide uninterrupted services to the users which is expected to propel the growth of the global mobile health and smart sensor market. The increasing demand for better healthcare facilities is estimated to boost the growth of the global mobile health and smart sensor market with a CAGR of 25% over the period 2019-2027.
The global mobile health and smart sensor market is segmented by product type and applications. The market is anticipated to grow significantly owing to increasing demand for smart phones and awareness regarding various diseases. The product type segment is divided into temperature sensor, pressure sensor, speed sensor, level/ position sensor, gas sensor and others. The application segment is divided into smart watches, smart mobile, healthcare and others.
Growing Use of Mobile Technology to Boost the Demand for mobile health and smart sensors in Future
The global mobile health and smart sensor market is thriving on the adoption of smart devices such as tablets, smart phones, laptops etc. Additionally, the third and fourth generation network helps to provide easy access to different smart devices.
Patient centric healthcare services- Healthcare professionals are focused on offering patient centric healthcare services. Various mobile health applications help to maintain record, allow remote monitoring, consultation, prevention and treatment services to the patients even from far distance. The government is taking various initiatives to promote mobile health which is estimated to propel the growth of the global mobile health and smart sensor market.
North America is expected grow at a high rate during the forecast period on the back of presence of advanced healthcare systems, increased usage of smartphone and other smart devices, developed healthcare infrastructure and higher adoption rate of new and innovative technologies. Europe is expected to grow at a high pace owing to developed healthcare infrastructure, high occurrences of disease and increasing awareness about health disorders, penetration of connected medical devices and smartphones and shifting consumer inclination toward the healthier standards of living. The Asia Pacific region is expected to grow at a significant rate attributing to large geriatric population base and increasing lifestyle-related disorders, such as diabetes, cardiovascular diseases, and arthritis, increasing health awareness, rising healthcare expenditure and disposable income. The high penetration rate of smart devices is expected to boost the growth of the market in the region. Further, the growing demand to improve the healthcare systems and healthcare services which offer affordable, efficient delivery of quality care and decreased delivery costs are anticipated to boost the market.
High maintenance and service expenses of various mobile health applications such as consultancy fees, maintenance of databases, collection and storage of data etc. is one of the factors inhibiting the growth of the global mobile health and smart sensor market growth.
This report also provides the existing competitive scenario of some of the key players of the global mobile health and smart sensor market which includes company profiling of Cisco systems, Cerner Corporation, AT & T, iHealthlab Inc., Aga Matrix, Athenahealth, BioTelemetry Inc., Withings, LifeWatch AG and AliveCor Inc.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mobile health and smart sensor market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.