Europe mHealth Market Size and
Growth Analysis:
Europe
mHealth Market was estimated at $ 7,570 million in 2018 and is expected to reach $ 39,910 million by 2025, growing at
a compound annual growth rate of around 27% over the 2018-2025 forecast period.
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Europe mHealth Market Drivers,
Challenges and Opportunities:
The technologies and mobile applications for health take
advantage of advanced data analysis and support to better treat patients with
affordable care costs. These mobile applications for health facilitate
healthcare through simple applications like diet calculations, calorie exercise
and tracking. Increased costs associated with the increased use of medical devices
and mobile health applications; increase in the prevalence of chronic diseases,
mounting interest in the demand for patient-centered health services and
services for remote patient monitoring, are some of key factors responsible for
the growth of the mobile health market in the Asia Pacific. The penetration of
mobile phones in developing countries have increased drastically. Mobile phone
users are increasing due to the adoption of mobile applications that can
quickly move to a profitable 3G and 4G spectrum and other medical devices and
related smartphones.
Higher costs due to new technologies and medications for
automobiles, supplies and medical services and higher administrative costs are
restraining the growth of the market. The market has achieved significant
participation due to various strategic associations adopted by the players of
the mHelath market, gaining popularity and taking advantage of new
opportunities and acquiring the latest technologies and tools. Among the main
suppliers, there is a higher level of competition than the use of technology,
such as the use of smart devices and increased preparation.
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Geographic
Segmentation:
Europe was an important entry in the world. The adoption of
Mhealth in European countries such as France and the United Kingdom has
increased and the number of research initiatives is one of the main engines of
growth in local markets. The growth of the market has been reinforced by the
increase in the large population and the increase in a load of chronic
diseases in the region. In addition, the EU funding project MyCyFAPP, a digital
health tool that helps patients with cystic fibrosis and their families, has a
positive impact on the market, as it helps to calculate the optimum intake of
enzymes.
Key market players:
Some of the main market players are AT & T Apple Inc.;
AllScripts Medical Solutions; AirStrip Technologies; Orange; Google Inc.;
Qualcomm Inc.; mQure; Softserve; Telephone; Samsung Electronics; And the
Vodafone group.
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