Smartphone Enabled Medical Devices Market By Applications (Patient Monitoring, Health Records Maintenance & Access, Clinical Decision Making), By Distribution Channel (Retail, Online): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 26-Feb-2021 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-5813 Status : Published

The Smartphone Enabled Medical Devices Market is set for a quick growth over the forecast period. In terms of revenue, the global Smartphone Enabled Medical Devices Market was valued at USD 4,411.1 million in 2019 and is expected to reach at USD 31,759.3 million by 2026, growing at a CAGR of 24.9% during the forecast period.

Description

The Smartphone Enabled Medical Devices Market is set for a quick growth over the forecast period. In terms of revenue, the global Smartphone Enabled Medical Devices Market was valued at USD 4,411.1 million in 2019 and is expected to reach at USD 31,759.3 million by 2026, growing at a CAGR of 24.9% during the forecast period.

Global Smartphone Enabled Medical Devices Market: Overview

Nowadays, with advanced technology, smartphones are not only used for personal purposes but it has also become very ubiquitous in the healthcare sector. The smartphones coupled with modern communication technologies and embedded sensors allow continuous and remote monitoring of the person's health with no additional cost. Smartphones are being programmed with algorithms that enable the diagnosis of certain medical conditions. It helps in the monitoring of vital health parameters such as blood glucose, heart rate, blood pressure, pulse oximeters, etc.

Global Smartphone Enabled Medical Devices Market

Global Smartphone Enabled Medical Devices Market: Growth Factors

Increase in healthcare expenditure and supportive government initiatives to improve patient health will drive the patient monitoring market growth. Various other factors such as growing penetration of IT in the healthcare industry, increase in demand for home healthcare will also boost the market growth of smartphone enabled medical devices. The covid-19 pandemic has impacted the economy drastically and has also resulted changes in consumer preferences. Nowadays, consumers prefer contactless healthcare and the use of technology due to to a fear-led mindset and social distancing resulting in increase in the demand for smartphone enabled medical devices which in turn is flourishing the market of smartphone enabled medical devices. Growing need for remote monitoring, rise in collaboration of medical device and software sector are also some of the aspects that are boosting the growth of the market.

Global Smartphone Enabled Medical Devices Market: Segmentation

The Smartphone Enabled Medical Devices Market is segmented based on applications, distribution channel and region. On the basis of Application, the Smartphone Enabled Medical Devices Market is segmented into Patient Monitoring, Health Records Maintenance & Access, and Clinical Decision Making. Patient Monitoring is dominating the market due to increasing healthcare expenditure and supportive initiatives by government. Based on Distribution Channel, the Smartphone Enabled Medical Devices Market is bifurcated into Retail and Online. Retail segment is dominating the market and contributing towards the growth of the Smartphone Enabled Medical Devices market globally due to increase in brand awareness and availability of customer service.

Global Smartphone Enabled Medical Devices Market: Regional Analysis

North America is expected to lead the global Smartphone Enabled Medical Device market due to factors such as rising public health awareness and well established IT sector, rise in healthcare expenditure. Europe is second growing market for smartphone enabled medical device due to increase in number of geriatric patients and rise in initiative by the government. Asia Pacific is also a fast growing market for smartphone enabled medical devices due to available business opportunities and increase of wireless services for medical devices provider.

Global Smartphone Enabled Medical Devices Market: Competitive Players

Some of key players in Smartphone Enabled Medical Devices Market are IBM Watson, EBSCO Health, AT&T, Apple, Inc., Accenture, MIM Software, Inc., McKesson Corporation, Fitbit, Inc., Dexcom, Inc., and AthenaHealth among others. The key players are forming various strategies such as product launches, collaborations, product development to gain competitive advantage in the market.

The global Smartphone Enabled Medical Devices Market is segmented as follows:

Applications

  • Patient Monitoring
  • Health Records Maintenance & Access
  • Clinical Decision Making

Distribution Channel

  • Retail
  • Online

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Smartphone Enabled Medical Devices Market, 2016 – 2026 (Million)
    • 3.2.Global Smartphone Enabled Medical Devices Market: Snapshot
  • Chapter 4.Smartphone Enabled Medical Devices Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
    • 4.3.Market Restraints
    • 4.4.Market Opportunities
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Smartphone Enabled Medical Devices Market Attractiveness, By Applications
    • 5.2.Global Smartphone Enabled Medical Devices Market Attractiveness, By Distribution Channel
    • 5.3.Global Smartphone Enabled Medical Devices Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Smartphone Enabled Medical Devices Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Smartphone Enabled Medical Devices Market Overview: by Applications
      • 7.1.1.Global Smartphone Enabled Medical Devices Market Revenue Share, by Applications, 2019 & 2026
    • 7.2.Global Smartphone Enabled Medical Devices Market Analysis/Overview – By Applications
      • 7.2.1.Patient Monitoring – Overview/Analysis
      • 7.2.2.Health Records Maintenance & Access – Overview/Analysis
      • 7.2.3.Clinical Decision Making – Overview/Analysis
    • 7.3.Patient Monitoring
      • 7.3.1.Global Smartphone Enabled Medical Devices Market for Patient Monitoring, Revenue (Million) 2016 - 2026
    • 7.4.Health Records Maintenance & Access
      • 7.4.1.Global Smartphone Enabled Medical Devices Market for Health Records Maintenance & Access, Revenue (Million) 2016 - 2026
    • 7.5.Clinical Decision Making
      • 7.5.1.Global Smartphone Enabled Medical Devices Market for Clinical Decision Making, Revenue (Million) 2016 - 2026
    • 8.1.Global Smartphone Enabled Medical Devices Market Overview: by Distribution Channel
      • 8.1.1.Global Smartphone Enabled Medical Devices Market Revenue Share, by Distribution Channel, 2019 & 2026
    • 8.2.Global Smartphone Enabled Medical Devices Market Analysis/Overview – By Distribution Channel
      • 8.2.1.Retail – Overview/Analysis
      • 8.2.2.Online – Overview/Analysis
    • 8.3.Retail
      • 8.3.1.Global Smartphone Enabled Medical Devices Market for Retail , Revenue (Million) 2016 - 2026
    • 8.4.Online
      • 8.4.1.Global Smartphone Enabled Medical Devices Market for Online, Revenue (Million) 2016 - 2026
  • Chapter 9.Smartphone Enabled Medical Devices Market – Regional Analysis
    • 9.1.Global Smartphone Enabled Medical Devices Market: Regional Overview
      • 9.1.1.Global Smartphone Enabled Medical Devices Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2.Global Smartphone Enabled Medical Devices Market Revenue, by Region, 2016 – 2026 (Million)
    • 9.2.North America
      • 9.2.1.North America Smartphone Enabled Medical Devices Market Revenue, 2016 - 2026 (Million)
      • 9.2.2.North America Smartphone Enabled Medical Devices Market Revenue, by Country, 2016 – 2026 (Million)
      • 9.2.3.North America Smartphone Enabled Medical Devices Market Revenue, by Applications, 2016 – 2026
      • 9.2.4.North America Smartphone Enabled Medical Devices Market Revenue, by Distribution Channel, 2016 – 2026
      • 9.2.5. U.S.
      • 9.2.6.Canada
    • 9.3.Europe
      • 9.3.1.Europe Smartphone Enabled Medical Devices Market Revenue, 2016 - 2026 (Million)
      • 9.3.2.Europe Smartphone Enabled Medical Devices Market Revenue, by Country, 2016 – 2026 (Million)
      • 9.3.3.Europe Smartphone Enabled Medical Devices Market Revenue, by Applications, 2016 – 2026
      • 9.3.4.Europe Smartphone Enabled Medical Devices Market Revenue, by Distribution Channel, 2016 – 2026
      • 9.3.5.Germany
      • 9.3.6.France
      • 9.3.7. U.K.
      • 9.3.8.Italy
      • 9.3.9.Spain
      • 9.3.10.Rest of Europe
    • 9.4.Asia Pacific
      • 9.4.1.Asia Pacific Smartphone Enabled Medical Devices Market Revenue, 2016 - 2026 (Million)
      • 9.4.2.Asia Pacific Smartphone Enabled Medical Devices Market Revenue, by Country, 2016 – 2026 (Million)
      • 9.4.3.Asia Pacific Smartphone Enabled Medical Devices Market Revenue, by Applications, 2016 – 2026
      • 9.4.4.Asia Pacific Smartphone Enabled Medical Devices Market Revenue, by Distribution Channel, 2016 – 2026
      • 9.4.5.China
      • 9.4.6.Japan
      • 9.4.7.India
      • 9.4.8.South Korea
      • 9.4.9.South-East Asia
      • 9.4.10.Rest of Asia Pacific
    • 9.5.Latin America
      • 9.5.1.Latin America Smartphone Enabled Medical Devices Market Revenue, 2016 - 2026 (Million)
      • 9.5.2.Latin America Smartphone Enabled Medical Devices Market Revenue, by Country, 2016 – 2026 (Million)
      • 9.5.3.Latin America Smartphone Enabled Medical Devices Market Revenue, by Applications, 2016 – 2026
      • 9.5.4.Latin America Smartphone Enabled Medical Devices Market Revenue, by Distribution Channel, 2016 – 2026
      • 9.5.5.Brazil
      • 9.5.6.Mexico
      • 9.5.7.Rest of Latin America
    • 9.6.The Middle-East and Africa
      • 9.6.1.The Middle-East and Africa Smartphone Enabled Medical Devices Market Revenue, 2016 - 2026 (Million)
      • 9.6.2.The Middle-East and Africa Smartphone Enabled Medical Devices Market Revenue, by Country, 2016 – 2026 (Million)
      • 9.6.3.The Middle-East and Africa Smartphone Enabled Medical Devices Market Revenue, by Applications, 2016 – 2026
      • 9.6.4.The Middle-East and Africa Smartphone Enabled Medical Devices Market Revenue, by Distribution Channel, 2016 – 2026
      • 9.6.5.GCC Countries
      • 9.6.6.South Africa
      • 9.6.7.Rest of Middle-East Africa
  • Chapter 10.Company Profiles
    • 10.1.IBM Watson
      • 10.1.1.Company Overview
      • 10.1.2.Financial Overview
      • 10.1.3.Product Portfulio
      • 10.1.4.Business Strategy
      • 10.1.5.Recent Developments
    • 10.2.EBSCO Health
    • 10.3.AT&T
    • 10.4.Apple, Inc.
    • 10.5.Accenture
    • 10.6.MIM Software, Inc.
    • 10.7.McKesson Corporation
    • 10.8.Fitbit, Inc.
    • 10.9.Dexcom, Inc.
    • 10.1.AthenaHealth

Methodology


Frequently Asked Questions

The Global Smartphone Enabled Medical Devices Market was valued at USD 4,411.1 million in 2019.

The Global Smartphone Enabled Medical Devices Market is expected to reach USD 31,759.3 million by 2026.

Some of the key factors driving the Global Smartphone Enabled Medical Devices Market growth are increase in healthcare expenditure, supportive government initiatives, growing penetration of IT in the healthcare industry, increase in demand for home healthcare, rise in collaboration of medical device and software sector.

North America is expected to lead the global smartphone enabled medical device market due to factors such as rising public health awareness and well established IT sector, rise in healthcare expenditure.

Some of the major companies operating in the Global Smartphone Enabled Medical Devices Market are IBM Watson, EBSCO Health, AT&T, Apple, Inc., Accenture, MIM Software, Inc., McKesson Corporation, Fitbit, Inc., Dexcom, Inc., and AthenaHealth among others.

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