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Based on the offering, the mHealth market has been categorized into connected devices, services, and mHealth apps. The market for mHealth apps is projected to witness fastest growth during the forecast period. This is attributed to rising number of smart phone users and increasing mobile health application downloads.
The connected devices category is further bifurcated into blood pressure monitors, blood glucose monitors, ECG monitors, multiparameter monitors, pulse oximeters, sleep apnea monitors, and others. Among these, blood pressure monitors held the largest share in the mHealth connected devices market in 2017. This is attributed to the increasing prevalence of chronic diseases and easy mobility of these devices.
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The major players in the mHealth industry are acquiring related business unit of the other companies for introducing new digital health solutions. For instance, in July 2017, BioTelemetry Inc., acquired LifeWatch AG, a healthcare technology and solutions company, specialized in advanced digital health systems and wireless remote diagnostics patient monitoring services. The acquisition was aimed at strengthening BioTelemetry’s market position in remote cardiac monitoring and diagnostic services.
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Some of the other key players in the mHealth market are Medtronic plc, Cerner Corporation, OMRON Corporation, Koninklijke Philips N.V., Johnson & Johnson, AT&T Inc., athenahealth Inc., Cisco Systems Inc., and AliveCor Inc.
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