mHealth Market Significant Growth Foreseen by 2025 | LifeWatch, KONINKLIJKE PHILIPS N.V., Medtronic, Boston Scientific, Cisco Systems

The growth of the mhealth market can be attributed to the increasing adoption of the wearable devices such with improved technology are considered as reliable tools for advanced health monitoring systems such as smart watch and fitness tracker. The devices include the features such as user-friendly, self-effacing and connected, wireless data transmission, real-time feedback, and alerting mechanisms. Due to owing these factors and with the improved technology, the mobile health and their innovative applications are help to drive the market in the forecast period. However, the policies and regulations for mHealth expected to hinder the growth of the global mhealth market.

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The increasing advancements such as open source hardware, personal medical devices, and mobile phone apps are creating more opportunities for custom-made medical devices and personalized care. They bring new challenges in balancing the need for regulation with the need to innovate flexibly and efficiently for ensuring safety and performance of the medical device. To accelerate adoption of mobile health services and to ensure that they fulfil their promise, it is important to put in place supportive policies and regulations. Regulators in the U.S. and Europe are introductory to recognize and respond to these regulatory issues related to systems and interfaces. For instance, the NHS (National Health Service) in England, adopted the IEC 80001 standard for the management of risks in networks integrated with medical devices. However, these policy related and regulatory barriers must be overcome before these solutions can fulfil their promise.

The List of companies covered in this Reports are:
1. LifeWatch
2. KONINKLIJKE PHILIPS N.V.
3. Medtronic
4. Boston Scientific Corporation
5. athenahealth, Inc.
6. Honeywell Life Care Solutions
7. Cisco Systems, Inc.
8. OMRON Corporation
9. Masimo
10. AgaMatrix, Inc

The demand for the mhealth is significantly high for insulin pumps, followed by BP monitor. Diabetes is rapidly becoming a major health widespread in most regions of the world. The insulin pumps are portable devices that are used to check the sugar level in diabetic patients. For the diagnosis of the diabetes, diabetes self-management products has been developed in the market, aimed at help to improve the lives of people with diabetes. Additionally, increased in technological advancements in the products and devices can be another factor which likely to drive the growth of the mhealth market during the forecast period.

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