Smart Phone Enabled Healthcare Diagnostics Market to Reach 15.5 Bn in 2020

The report presents a global analysis of smart phone enabled healthcare diagnostics market in terms of hardware, software, services and geography. The advent of cellular devices in healthcare became prominent when patients would receive calls or alarms from service providers to visit clinics, take medicines, changes in daily routine among other aspects of telemonitoring services. On the physician end, phones were able to provide alarms from distress signals sent by growing aged homecare patients indicating falls or other emergency needs. Cellphones and smart phones are best suited to deliver healthcare awareness and healthcare services to people today. Globally smart phones have penetrated even remote areas and villages making them highly dependable devices for communication. The penetration of smart phone devices exceeds more than 150% even in some developing countries making them the optimum platform for delivering several aspects of healthcare that cannot be reached out to several difficult to access areas. It is estimated that by 2016 over 2 billion people will have purchased a smart phone and a large percentage of this population use smart phones for functions besides music, calls and clicking photos. There are over 200 million smart phone users in North America making market penetration of over 150% and several million devices are sold each year. Although the region ranks third in terms of number of mobile devices behind China and India, the region leads in adoption of smart phone enabled diagnostics and monitoring devices. The market varies from region to region on several factors, such as adoption of smart phone among medical community as well as patients, internet and broadband services, investment into digital health by foreign investors as well as encouragement by the National authorities. The global smart phone enabled healthcare diagnostics market was valued at US$ 6,321.5 million in 2015 and expected to grow to US$ 15,525.3 million by 2020 at a CAGR of 19.5% from 2016 to 2020.

Market Drivers:

  • Advanced computing capabilities and miniaturization of devices facilitates more accurate diagnosis.
  • High penetration of smart phones across all geographies.
  • High awareness and demand of home-care and self-care facilities will propel growth in adoption and usage.

Market Inhibitors:

  • Threat to privacy and susceptibility of hacking.
  • Reimbursement of devices and apps a long way from realization.
  • Lack of telecommunications and wireless infrastructure in most developing economies will restrict growth.

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Hardware Components Covered In This Report:

  • Imaging Equipment
  • Microfluidic Modules
  • Microelectromechanical Modules (MEMS)
  • Ultrasonic Transducers
  • Other Sensors & Biosensors

Software Covered In This Report:

  • Companion Apps
  • Telemedicine
  • Clinical Assistance
  • Others

Services Covered In This Report:

  • Remote Patient Monitoring
  • Electronic Medical & Health Records (EMR/EHR)
  • Picture Archiving & Communications Systems (PACS)
  • Others

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Key Players Covered In This Report:

  • AirStrip Technologies
  • AkibaH Inc.
  • AliveCor
  • Calgary Scientific
  • CellScope
  • Cerora

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