01 August 2018
Mobile communication technologies are playing a significant role in overall healthcare sector. mHealth is defined as effective utilization of mobile communication technologies to deliver heathcare services. This includes SMS alerts used to remind patients to take their prescription drugs at appropriate time, remote diagnosis and even treatment for patients who do not have easy access to a physician and use of RHM (remote heath monitoring devices) to track and report patient conditions.
Whether the aim is to enhance productivity or optimization of healthcare operations, internet connected devices are contributing appreciably to achieve the desired result in heathcare sector. mHealth incorporates IoT based technology hardware and App Download solution to enhance operational efficiency, maximize yield and minimize resource wastage through real-time data collection, data analysis, and deployment of control mechanism.
Such services carries tremendous potential to reduce the growing cost burden of chronic diseases at the system level. According to US Department of Health and Human Services’ Agency for Healthcare Research and Quality the services can reduce the cost by up to USD 200 billion in OECD and BRIC (Brazil, Russia, India, and China) countries
The mHealth market is exiting its infancy and beginning a growth phase. The leading healthcare markets in North America, Asia-Pacific, and Europe have been embracing and investing more enthusiastically in this new family of technologies, which has prompted a wide industry response. Vendors in the telecoms, healthcare, and fitness fields are developing and deploying new strategies in order to keep pace with a rising global demand.
MHealth is undergoing a period of global salience. It promises both high growth and competition, as revenue will be segmented by network operators, healthcare providers, device vendors, and content providers. Each of these ecosystem players have their own attributes and stakes in this new family of technologies and will aim to assert themselves in this space decisively in the next five years. In some cases, this will mean establishing incumbency in a single segment. In others, this will mean striving for vertical integration within the value chain.
The mHealth Market Forecast 2018-2028: Forecasts and Analysis by Solution Type (Medical Device, App Download, Service), App Download (General Health & Fitness, Medical Reference, Patient Wellness, Other), Service (Remote Monitoring, Diagnosis & Consultation, Treatment, Health Practitioner Support, Administration, Prevention) and Geography, with Profiles of Leading Companies report examines a variety of facets and players within a field that comprises telecoms incumbents, multi-national pharmaceutical companies, and dot com start-ups.
Due to the diversity of players and verticals in the mHealth market, visiongain’s insight provides a rounded understanding of successful products, strategies, submarkets, and overall revenue potential.
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