Transparency
Market Research Report Added "mHealth
Monitoring and Diagnostic Medical Devices Market"
to its database.
Global
mHealth Monitoring and Diagnostic Medical Devices Market: Snapshot
The
term mHealth is gradually catching notice of the global healthcare
community. It is an abbreviation used to connote mobile health and
comprising the delivery of healthcare services and solutions using
devices such as PDAs, tablets and computers, and smartphones. The
global mHealth monitoring and diagnostic medical devices market is
emerging with the evolution of healthcare technologies and the rising
incidence of chronic ailments.
The
technology helps in significantly reducing the expenditure incurred
on healthcare during hospital visits for monitoring vital parameters
such as blood glucose level, respiratory rate, heart rate, blood
pressure, and others. As per the Center for Technology and Aging, the
healthcare system in the U.S. can reduce the cost incurred as
healthcare expenditure approximately by US$200 bn in coming 25 years
if remote patient monitoring technologies are implemented
effectively.
Based
on aforementioned findings, Transparency Market Research (TMR)
foretells the future worth of the global mHealth monitoring and
diagnostic medical devices market to be around US$8 bn in 2019. Its
valuation in 2012 was around 0.6 bn. If these figures hold true, the
global mHealth monitoring and diagnostic medical devices market will
exhibit a whopping CAGR of 43.30% between 2013 and 2019.
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Market Research
Report:
http://www.transparencymarketresearch.com/mHealth-monitoring-diagnostic-medical-devices.html
http://www.transparencymarketresearch.com/mHealth-monitoring-diagnostic-medical-devices.html
Asia
Pacific to Beat Other Regional Markets in Terms of CAGR
Regionally,
North America, Asia Pacific, Europe, and Rest of the World constitute
the key segments in the global mHealth monitoring and diagnostic
medical devices market. Among these regions North America currently
hold dominant in the global market, thanks to the increasing presence
of manufacturers in the region and the rising consumer base of smart
electronic devices such as tablets and smartphones. The region also
gains from being at the fore of various technological developments
and the high level of awareness among consumers regarding the latest
technologies and devices.
However,
over the course of the forecast period Asia Pacific is also expected
to report significant growth. Furthermore, TMR foretells Asia Pacific
beat other regions in terms of CAGR over the course of the report’s
forecast period. The increasing geriatric population, rising
prevalence of chronic ailments, and the growing awareness regarding
the benefits of advanced medical devices will boost the mHealth
monitoring and diagnostic medical devices market in Asia Pacific. The
market will also witness increasing demand in China, India,
Australia, Japan, and New Zealand.
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