The global mobile health device market is anticipated to grow with a CAGR of 35 percent in the forecast period 2016-2023

The increasing demand of mobile health solution or services in various applications, rising chronic diseases fuels the demand of remote monitoring and increasing penetration of smart phone and wearable device users are some of the major drivers which drives the global mobile health device market. Moreover, measuring outcome and effectiveness of mobile health service and strict regulatory norms for healthcare product are some of the major challenge which hinders the growth of global mobile health device market.

Allscripts Healthcare Solutions, Inc. Apple Inc., Athenahealth, Inc., Cerner Corporation, GE Healthcare, Philips , Medtronic Public Limited Company, AT&T, Inc, Cisco Systems, Inc., Johnson & Johnson, LifeWatch AG, Omron Healthcare, Sanofi S.A., AirStrip Technologies Inc. are some of the major companies of the global mobile health device market.

Acquisition, merger, innovation and new product launch are some of the major strategies which helps to increase the market share of the companies in global mobile health device market.

For example, in April 2017 the Medtronic plc has announced that the company has launched a Garmin wearable device data, a remote patient monitoring platform device.

Source: Research and Markets media announcement