Pune, India -- (SBWIRE) -- 12/18/2018 -- Global mHealth Applications Market - Competitive Analysis

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

In September 2016- Allscripts, a global leader in healthcare technology, announced that it has closed its acquisition of McKesson Corporation's hospital and health system IT business, known as the Enterprise Information Solutions (EIS) business. The transaction significantly expands Allscripts client base in U.S. hospitals and health systems and expanded its solutions portfolio. Allscripts purchased the EIS business for USD 185 million in cash.

In October 2017- AgaMatrix, Inc., a wholly owned subsidiary of AgaMatrix Holdings LLC, announced that they entered into a USD 32 million senior term loan facility with Prospect Capital Corporation. The proceeds from the term loan facility were used to support sales and marketing, product development and clinical trial initiatives for both AgaMatrix, Inc., and for WaveForm Technologies, Inc., a separate wholly owned subsidiary of AgaMatrix Holdings, LLC.

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In September 2016- iHealth Labs, the connected device subsidiary of Andon Health with offices in Paris and Mountain View, California, acquired Bordeaux, France-based eDevice for USD 106 million. eDevice is a longtime European provider of back-end infrastructure that connects remote monitoring devices to hospitals and healthcare providers.

Global mHealth Applications Market - Key Players

Some of the key players in this market are: Allscripts (US), Agamatrix, Inc. (US), Apple Inc. (US), Honeywell International Inc. (US), Medtronic MiniMed, Inc. (US), Vivify Health (US), iHealth Labs Inc. (US)

Global mHealth Applications Market - Insights

mHealth is one of the most innovative and disruptive trends in healthcare sector that is growing at prodigious rate from last few years. mHealth is changing the way of traditional medical practices and creating path for the future of healthcare. mHealth assists to check and maintain the health-related activity by using technology such as Bluetooth, mobile network (GSM/GPRS/3G/4G), and Wi-Fi. The data collected by mHealth devices such as mobile phones, tablets, laptops and tablet PCs assist to medical professional, consumers, and other users.

Technology is transforming the entire world and healthcare is not exception for it. Digital innovation and technological advancement is helping to put healthcare to the next level. After the evolution of the term called eHealth, now it is the era of mHealth. mHealth commonly known as mobile health. Use of mHealth devices and mobile devices is growing at tremendous rate throughout the globe and technology is changing dramatically.

mHealth has potential to change the healthcare sector and can make is more accessible, affordable and faster. Technology is the major driving force behind the mHealth. Technological advancement is providing better healthcare solution that changing the way of medical sector. Continuous innovation is most influencing force in this market. The demand for advanced and innovative products are increasing at rapid pace. Introduction of innovative product in the market gives first mover advantage to the solution provider. Options of better treatments, access to the solutions, improved affordability and convenience are changing the healthcare sector. Many times mHealth changes the traditional healthcare like, healthcare professionals can directly connect and assist patients from thousand miles away through mHealth technology. However, factors such as security and confidentiality threats along with resistance to change and market volatility are the major restraining factors for the market growth, during the forecast period.

Considering the Global scenario of the mHealth Applications Market, the total market for mHealth application was some US$ billion in 2016 and expected to reach US$ 100.2 billion by 2023. While considering the segments, monitoring application is holding largest market share that is about 53.8% in 2016.

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Global mHealth Applications Market - Regional Analysis

The Global mHealth Market is segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth applications is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.

Global mHealth Applications Market - Segments

Global MHealth applications Market has been segmented on the basis of type which comprise Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, and others

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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