Global mHealth Monitoring and Diagnostic Medical Devices Market to Be Fuelled by High Incidence of Chronic Diseases: Transparency Market Research

ALBANY, N.Y.--()--Transparency Market Research has announced the release of a report titled “mHealth Monitoring and Diagnostic Medical Devices Market (Focus On Medical Devices With In-Built Plug-Ins For Connectivity With Devices Like Smartphones and Tablets) Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to this report, the global mHealth monitoring and diagnostic medical devices market, which in 2012 was valued at US$0.65 billion, is anticipated to grow at rampant CAGR of 43.3% between 2013 and 2019, thereby reaching a market value of US$8.03 billion by 2019.

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Greater prevalence of chronic illnesses, a rapidly growing geriatric population and rising popularity of communication gadgets drive the global mHealth monitoring and diagnostic medical devices market. The growth of this market has led to lower medical expenditure, since people can regularly self-monitor their medical conditions with the help of these devices.

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Product-wise, the global mHealth monitoring and diagnostic medical devices market is segmented into multi-parameter, sleep apnea, cardiac, pulse oximeters, blood pressure and glucose monitors. Owing to the high global incidence of diabetes, the market for glucose monitors will expand rapidly during the forecast period.

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Geographically, the global mHealth monitoring and diagnostic medical devices market is segmented into Asia Pacific, North America, Europe and Rest of the World. Owing to sophisticated technology, a large manufacturer base, and a large population using smartphones and similar gadgets, North America leads the global market for mHealth monitoring and diagnostic medical devices. Absence of legal guidelines on issues pertaining to privacy and reimbursement policies is a key market restraint to this industry. Johnson & Johnson, LifeWatch AG and Masimo Corporation are a few of the prominent companies in the mHealth monitoring and diagnostic medical devices market.

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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/

Release Summary

mHealth Monitoring And Diagnostic Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/