Market Overview:
The global smartphone enabled medical devices market is expected to grow at a CAGR of 16.5% during the forecast period 2018-2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into patient monitoring, health records maintenance & access and clinical decision making. Patient monitoring dominates the global smartphone enabled medical devices market with a share of more than 50% in 2016 and it is expected to maintain its dominance throughout 2021-2027 owing to increasing demand for remote patient monitoring solutions across various regions. Health records maintenance & access held second largest share in 2016 followed by clinical decision making due to rising trend of cloud-based healthcare solutions across different regions worldwide.
Product Definition:
A smartphone enabled medical device is a device that can be controlled or monitored by a smartphone. This includes devices like pacemakers, insulin pumps, and heart monitors. The importance of these devices is that they allow patients to take control of their own health care. They can monitor their own health and make changes to their treatment as needed. This allows for more personalized care and improved outcomes.
Patient Monitoring:
Patient monitoring is the process of tracking patient's vital signs such as temperature, blood pressure, and pulse rate. These devices are used by doctors and nurses to observe a patients' condition in real-time. The rise in geriatric population has led to an increase in demand for these devices globally. Moreover, increasing prevalence of chronic diseases such as diabetes & high blood pressure coupled with rising awareness about health & fitness has fueled market growth over the past few years.
Health Records Maintenance & Access:
Health records maintenance and access is a process wherein healthcare professionals ensure that the electronic health record of a patient is accessible and secure. Health records maintenance & access solution in smartphone enabled medical devices market provides solutions for remote monitoring, data backup, security & privacy protection along with effective communication between patients & doctors. The increasing adoption rate of smartphones among consumers has led to an increase in the usage of mobile health applications which include disease management apps as well as fitness trackers.
Application Insights:
Based on application, the global smartphone enabled medical devices market is segmented into patient monitoring, health records maintenance & access, clinical decision making and others. The patient monitoring segment held the largest share in 2016 owing to increasing demand for remote healthcare services. For instance, according to a study published by researchers at Stanford University in 2017; it was found that patients with chronic diseases were more likely to use online medical stores than healthy individuals. This trend is expected to continue over the forecast period as smartphones are becoming essential accessories for accessing healthcare facilities and obtaining necessary information regarding disease symptoms.
The health records maintenance & access accounted for a significant share in 2016 due largely to growing concerns regarding data security and privacy of patients¢â‚¬â„¢ confidential information during electronic transactions or communication via mobile phones with doctors or hospitals over an internet protocol (IP) network.
Regional Analysis:
North America dominated the global smartphone enabled medical devices market in 2016 with a revenue share of over 35%. The growth can be attributed to the increasing adoption of smartphones, high internet penetration, and rising demand for healthcare information technology based solutions. Moreover, an increase in chronic diseases such as diabetes and cardiac disorders has led to an increase in patient monitoring requirements. This is expected to drive regional growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to factors such as improving internet infrastructure and growing smartphone adoption rate coupled with emerging trends such as mHealth apps development for remote patient monitoring & care services delivery along with health records management & access applications. Furthermore, government initiatives encouraging individuals from rural areas along with developing countries like China are anticipated boost regional market size during the forecast period (2016-2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: Smartphone enabled medical devices offer a less invasive option as compared to traditional surgical procedures. This is because they do not require any specialized equipment or infrastructure and can be operated using a standard smartphone. This makes them ideal for use in resource-limited settings where traditional surgical procedures are not feasible.
- Growing demand for telemedicine: Smartphone enabled medical devices can be used to provide telemedicine services, which allow patients to receive treatment from a remote location without having to travel long distances. This helps reduce the burden on healthcare facilities and allows patients living in rural areas access to quality healthcare services.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes and heart disease is increasing at an alarming rate worldwide. Smartphone enabled medical devices can help manage these conditions by providing real-time data on the patient’s condition that can be accessed by doctors remotely. This helps improve patient outcomes while reducing the overall cost of care delivery .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smartphone Enabled Medical Devices Market Research Report
By Type
Patient Monitoring, Health Records Maintenance & Access, Clinical Decision Making
By Application
Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027, Retail, Online
By Companies
IBM Watson, EBSCO Health, AT&T, Apple, Inc., Accenture, MIM Software, Inc., McKesson Corporation, Fitbit, Inc., Dexcom, Inc., AthenaHealth
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Smartphone Enabled Medical Devices Market Report Segments:
The global Smartphone Enabled Medical Devices market is segmented on the basis of:
Types
Patient Monitoring, Health Records Maintenance & Access, Clinical Decision Making
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027, Retail, Online
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM Watson
- EBSCO Health
- AT&T
- Apple, Inc.
- Accenture
- MIM Software, Inc.
- McKesson Corporation
- Fitbit, Inc.
- Dexcom, Inc.
- AthenaHealth
Highlights of The Smartphone Enabled Medical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Patient Monitoring
- Health Records Maintenance & Access
- Clinical Decision Making
- By Application:
- Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
- Retail
- Online
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smartphone Enabled Medical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smartphone Enabled Medical Devices are medical devices that can be controlled and monitored using a smartphone. This allows patients to receive care remotely, which can improve their quality of life.
Some of the key players operating in the smartphone enabled medical devices market are IBM Watson, EBSCO Health, AT&T, Apple, Inc., Accenture, MIM Software, Inc., McKesson Corporation, Fitbit, Inc., Dexcom, Inc., AthenaHealth.
The smartphone enabled medical devices market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smartphone Enabled Medical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smartphone Enabled Medical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smartphone Enabled Medical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smartphone Enabled Medical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smartphone Enabled Medical Devices Market Size & Forecast, 2018-2028
4.5.1 Smartphone Enabled Medical Devices Market Size and Y-o-Y Growth
4.5.2 Smartphone Enabled Medical Devices Market Absolute $ Opportunity
Chapter 5 Global Smartphone Enabled Medical Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smartphone Enabled Medical Devices Market Size Forecast by Type
5.2.1 Patient Monitoring
5.2.2 Health Records Maintenance & Access
5.2.3 Clinical Decision Making
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smartphone Enabled Medical Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smartphone Enabled Medical Devices Market Size Forecast by Applications
6.2.1 Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
6.2.2 Retail
6.2.3 Online
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smartphone Enabled Medical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smartphone Enabled Medical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smartphone Enabled Medical Devices Analysis and Forecast
9.1 Introduction
9.2 North America Smartphone Enabled Medical Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smartphone Enabled Medical Devices Market Size Forecast by Type
9.6.1 Patient Monitoring
9.6.2 Health Records Maintenance & Access
9.6.3 Clinical Decision Making
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smartphone Enabled Medical Devices Market Size Forecast by Applications
9.10.1 Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
9.10.2 Retail
9.10.3 Online
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smartphone Enabled Medical Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Smartphone Enabled Medical Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smartphone Enabled Medical Devices Market Size Forecast by Type
10.6.1 Patient Monitoring
10.6.2 Health Records Maintenance & Access
10.6.3 Clinical Decision Making
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smartphone Enabled Medical Devices Market Size Forecast by Applications
10.10.1 Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
10.10.2 Retail
10.10.3 Online
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smartphone Enabled Medical Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smartphone Enabled Medical Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smartphone Enabled Medical Devices Market Size Forecast by Type
11.6.1 Patient Monitoring
11.6.2 Health Records Maintenance & Access
11.6.3 Clinical Decision Making
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smartphone Enabled Medical Devices Market Size Forecast by Applications
11.10.1 Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
11.10.2 Retail
11.10.3 Online
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smartphone Enabled Medical Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Smartphone Enabled Medical Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smartphone Enabled Medical Devices Market Size Forecast by Type
12.6.1 Patient Monitoring
12.6.2 Health Records Maintenance & Access
12.6.3 Clinical Decision Making
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smartphone Enabled Medical Devices Market Size Forecast by Applications
12.10.1 Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
12.10.2 Retail
12.10.3 Online
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smartphone Enabled Medical Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smartphone Enabled Medical Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smartphone Enabled Medical Devices Market Size Forecast by Type
13.6.1 Patient Monitoring
13.6.2 Health Records Maintenance & Access
13.6.3 Clinical Decision Making
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smartphone Enabled Medical Devices Market Size Forecast by Applications
13.10.1 Global Smartphone Enabled Medical Devices Market Share by Channel: 2016 VS 2021 VS 2027
13.10.2 Retail
13.10.3 Online
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smartphone Enabled Medical Devices Market: Competitive Dashboard
14.2 Global Smartphone Enabled Medical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Watson
14.3.2 EBSCO Health
14.3.3 AT&T
14.3.4 Apple, Inc.
14.3.5 Accenture
14.3.6 MIM Software, Inc.
14.3.7 McKesson Corporation
14.3.8 Fitbit, Inc.
14.3.9 Dexcom, Inc.
14.3.10 AthenaHealth
