Global Mobile Health and Smart Sensor Market
These days Mobile technology has become a very crucial part of the human life. With increasing use of mobile technology such as mobile phones, tablets, PDAs in every field, the researchers have now decided to inculcate this technology in healthcare as well. With the partnership of mobile technology and healthcare sector, the researchers have come up with the idea of mobile health sensors which are proving effective for both patient as well as the doctors. With the help of these mobile health smart sensors, the doctors are able to diagnose, monitor and prevent many diseases before they become fatal. These are also helping the patients in getting the health data without visiting the doctor from their home. These m health and smart sensors help the doctors and various medical experts to collect and store medical data about various diseases and patients which help them to early diagnose, monitor and cure the diseases.
Market Size and Forecast
The global mobile health and smart sensor market is anticipated to record a CAGR of around 25% during the forecast period i.e. 2019-2027. The market is likely to observe significant growth on account of increasing demand for smart phones and awareness regarding various diseases. With increasing prevalence of smart phones, it is now becoming easy to access different healthcare applications with one touch from anywhere and at any time.
Sedentary lifestyle has transformed the human’s health conditions. With this, the government has taken various initiatives to promote awareness about diseases, healthcare and healthy lifestyle. Increasing demand for better healthcare facilities, rising government initiatives and raising investments from healthcare IT players is expected to drive the growth of the global mobile health and smart sensor market.
Growing prevalence of life-threatening diseases
Prevalence of life-threatening diseases has showcased an upliftment owing to changing lifestyle habits, sedentary lifestyle and lack of exercise. Due to lack of exercise and sedentary lifestyle, people are prone to different diseases which increases the need for mobile health and smart sensors which is further expected to boost the global mobile health and smart sensor market growth.
Growing use of mobile technology
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 boost the growth of the global mobile health and smart sensor market.
Patient centric healthcare services
Healthcare professionals are focused on offering patient centric healthcare services. Various mobile health applications help to maintain the record, allowing remote monitoring, consultation, prevention and treatment services to the patients even from distance. The government is taking various initiatives to promote mobile health which is expected to boost the growth of the global mobile health and smart sensor market.
High maintenance and service expenses
Due to high maintenance and service expenses of various mobile health applications such as consultancy fees, maintenance of databases, collection and storage of data etc. is expected to hinder the growth of the global mobile health and smart sensor market.
Our in- depth analysis of the global mobile health and smart sensor market includes the following segments:
By Product Type
Based on regional analysis, the global mobile health and smart sensor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is expected to 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 diseases and increasing awareness about health disorders, penetration of connected medical devices and smartphones and shifting consumer inclination towards 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.
The global mobile health and smart sensor market is further classified on the basis of region as follows:
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