The U.S. mhealth market accounted for $12.11 billion in 2019, and is expected to reach $53.25 billion by 2028, registering a CAGR of 19.6% from 2021 to 2028. Mhealth devices also referred as mobile health devices are the connected devices such as smartphones, tablets, IoT devices, mobile broadband, and mobile computers. Mhealth devices utilizes mobile technology to improve the health goals and healthcare services.
Surge in adoption of the personalized medical devices, affordability of the mobile devices such as smartphone and tablets, and the ability to remain physically fit are some of the factors that drive the growth of the mhealth device market in the U.S. However, the regulations and standards imposed by the government on mhealth devices need to meet by the manufacturers, which is expected to hinder the growth of the market. Conversely, integration of wireless technologies such as 5G and LTE offering portable healthcare devices provide lucrative opportunities for the U.S. mhealth device during the forecast period.
The U.S. Mhealth device market is analyzed by device type and application. On the basis of device type, the market is segmented into smartphone (5G & LTE), tablet (5G & LTE), IoT devices (smartwatch & fitness trackers), mobile broadband (hotspot & router), and mobile computers. On the basis of application, the market is classified into diagnosis & treatment, real time tracking, and data collection.
The key players profiled in the U.S. mhealth device market include Ascom Holding AG, Kaiser Permanente, Honeywell International Inc., General Electric Company, Zebra Technologies Corp, Vivify Health, Inc., Cybernet Manufacturing, Inc., Medtronic Plc, NETSCOUT Systems, Inc., Boston Scientific Corporation, Masimo, Agamatrix Inc., Athenahealth Inc., Omron Corporation, Koninklijke Philips NV, and HCHB. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their mhealth device market penetration.
KEY MARKET SEGMENTS
By Device Type
- Smartphone
o 5G
o LTE
- Tablets
o 5G
o LTE
- IoT Devices
o Smartwatch
o Fitness Tracker
- Mobile Broadband
o Hotspot
? 5G
? LTE
o Router
- Mobile Computers
By Application
- Diagnosis & Treatment
- Real Time Tracking
- Data Collection
Key Players
- Ascom Holding AG
- Kaiser Permanente
- Honeywell International Inc.
- General Electric Company
- Zebra Technologies Corp
- Vivify Health, Inc.
- Cybernet Manufacturing, Inc.
- Medtronic Plc
- NETSCOUT Systems Inc.
- Boston Scientific Corporation
- Masimo, Agamatrix Inc
- Athenahealth Inc.
- Omron Corporation
- Koninklijke Philips NV
- HCHB

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