The latest market report published by
Credence Research, Inc. “Global Smartphone
Enabled Medical Devices Market - Growth, Future Prospects,
Competitive Analysis, 2018 - 2026,” the global smartphone enabled
medical devices market was valued at US$ 4,411.1 Mn in 2017, and is expected to
reach US$ 31,759.3 Mn by 2026, expanding at a CAGR of 24.9% from 2018 to 2026.
Market Insights
As per the latest research findings of
World Health Organization (WHO), non-communicable disease kill 41 million
people annually which represents 71% of all deaths globally. It is important to
understand the factors responsible for the progression of chronic disease.
Smartphone enabled medical devices are helpful in the monitoring of vital
health parameters such as blood glucose, heart rate, blood pressure, pulse oximeters
etc. Health care providers are employing smartphone apps to improve patient
care by maintaining patient electronic health record and performing critical
diagnosis simultaneously.
Browse the full report Smartphone
Enabled Medical Devices Market report at https://www.credenceresearch.com/report/smartphone-enabled-medical-devices-market
In the present scenario patient
monitoring is reigning the application segment for smartphone enabled medical
devices market. Significant increase in healthcare expenditure and supportive
government initiatives to improve patient care drive the patient monitoring
market growth. Increasing demand for patient monitoring in remote locations and
rehabilitation centers further fortify the market growth. In the last 2 decades
clinical decision making has gained tremendous attraction on account of
technological advancement in mobile applications which employ clinical
algorithm to aid physicians in validation of disease diagnosis.
Retail business is dominating the
distribution channel segment for smartphone enabled medical devices market.
Rampant growth in brand awareness and availability of excellent customer
service drive the retail business market growth. Online distribution channel
will be capturing the market owing to the availability of broadband services
and diverse range of products online.
North America is currently leading the
regional segment for smartphone enabled medical devices market. It represents a
market share of 40% primarily due to existence of well-developed IT sector and
rising public health awareness. Domicile of key players such as AthenaHealth,
Accenture, Fitbit, Inc. etc. further consolidate the market growth in North
America. In Europe the market growth is driven by factors such as rising
prevalence of chronic disease in geriatric population and strategic
collaboration between pharmaceutical segments and software companies to provide
sophisticated mobile applications for medical purpose. It is the second largest
regional market with a market share of 30%. Asia Pacific currently holds 15%
market share and will be the fastest growing market during the forecast period
from 2018 to 2026 owing to the emergence of local players specializing in
smartphone enable medical applications and tools. It also serves as an
attractive business destination for major players to establish their retail
outlets to promote their brands and products.
Software companies providing
application and online services pertaining to smartphone enabled medical
devices are Accenture, Apple, Inc., AthenaHealth, AT&T, Dexcom, Inc., EBSCO
Health, Fitbit, Inc., IBM Watson, McKesson Corporation and MIM Software, Inc.
Key Market
Movements:
- Rising public health awareness and
increasing healthcare expenditure
- Rampant growth in IT healthcare segment
providing sophisticated tools to be integrated with medical practices
- Increasing demand in physicians to aid
clinical decision making and provision of excellent patient monitoring in
remote locations
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Table of Content
Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Smartphone Enabled Medical Devices Market Portraiture
2.2. Global Smartphone Enabled Medical Devices Market, by Applications, 2017 (US$ Mn)
2.3. Global Smartphone Enabled Medical Devices Market, by Distribution Channel, 2017 (US$ Mn)
2.4. Global Smartphone Enabled Medical Devices Market, by Geography, 2017 (US$ Mn)
2.1. Global Smartphone Enabled Medical Devices Market Portraiture
2.2. Global Smartphone Enabled Medical Devices Market, by Applications, 2017 (US$ Mn)
2.3. Global Smartphone Enabled Medical Devices Market, by Distribution Channel, 2017 (US$ Mn)
2.4. Global Smartphone Enabled Medical Devices Market, by Geography, 2017 (US$ Mn)
Chapter 3. Smartphone Enabled Medical Devices Market: Dynamics and
Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Smartphone Enabled Medical Devices Market, by Key Players, 2017
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Smartphone Enabled Medical Devices Market, by Key Players, 2017
Chapter 4. Global Smartphone Enabled Medical Devices Market, by
Applications
4.1. Overview
4.2. Patient Monitoring
4.3. Health Record Maintenance and Access
4.4. Clinical Decision Making
4.1. Overview
4.2. Patient Monitoring
4.3. Health Record Maintenance and Access
4.4. Clinical Decision Making
Chapter 5. Global Smartphone Enabled Medical Devices Market, by
Distribution Channel
5.1. Overview
5.2. Retail
5.3. Online
5.1. Overview
5.2. Retail
5.3. Online
Chapter 6.
Global Smartphone Enabled Medical Devices Market, by Geography
6.1. North America
6.1. North America
6.2. Europe
6.3. Asia
Pacific
6.4. Latin
America (LATAM)
6.5. Middle
East and Africa (MEA)
Chapter 7.
Company Profiles
7.1. Accenture
7.2. Apple, Inc.
7.3. AthenaHealth
7.4. AT&T
7.5. Dexcom, Inc.
7.6. EBSCO Health
7.7. Fitbit, Inc.
7.8. IBM Watson
7.9. McKesson Corporation
7.10. MIM Software, Inc.
7.1. Accenture
7.2. Apple, Inc.
7.3. AthenaHealth
7.4. AT&T
7.5. Dexcom, Inc.
7.6. EBSCO Health
7.7. Fitbit, Inc.
7.8. IBM Watson
7.9. McKesson Corporation
7.10. MIM Software, Inc.
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