Report: Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast 2016 2020

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Published: March 2016 Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast: 2016-2020 Segments Assessed: Hardware: Imaging Equipment, Microfluidic Modules, Microelectromechanical Modules, Ultrasonic Transducers and Others Software: Companion Apps, Telehealth/Telemedicine, Clinical Assistance and Others Services: Remote Patient Monitoring & Telemedicine, Electronic Health Records/Electronic Medical Records, Picture Archiving & Communications and Others Applications: Cardiovascular, Hematology, Respiratory, Obstetrics & Gynecology, Dermatology, Ophthalmology, Others (Cerebral/ Brain & Ears-Nose-Throat) Geographies Assessed: North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa.

Transcript of Report: Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast 2016 2020

Published: March 2016

Global Smart Phone Enabled Healthcare

Diagnostics Market Assessment

& Forecast: 2016-2020

Segments Assessed:

Hardware: Imaging Equipment, Microfluidic Modules, Microelectromechanical

Modules, Ultrasonic Transducers and Others

Software: Companion Apps, Telehealth/Telemedicine, Clinical Assistance and

Others

Services: Remote Patient Monitoring & Telemedicine, Electronic Health

Records/Electronic Medical Records, Picture Archiving & Communications and Others

Applications: Cardiovascular, Hematology, Respiratory, Obstetrics & Gynecology,

Dermatology, Ophthalmology, Others (Cerebral/ Brain & Ears-Nose-Throat)

Geographies Assessed: North America, Europe, Asia-Pacific, Latin America,

Middle-East and Africa.

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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About Us

Spearhead Acuity Business Research & Consulting (SA-BRC) Private Limited (OPC) is a premium Life

Science business intelligence and data analytics firm. The SA-BRC team offers a wide range of

business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service

Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all

other individuals in the entire value chain of healthcare industry. Our research and consulting

capabilities extend across several sub-domains within the sphere of Life Sciences such as

Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and

Pharmaceuticals.

Our skills and capabilities help in putting forth the most accurate perspective of the market. We track

all major and minor events that create ripples and affect the life-science market in different ways.

Our data modeling process includes the evaluation of impacting events and analyzing other

invaluable sources (public & proprietary) of information and finally reporting results that will

influence the decision making of the readers.

SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals

strategically in multiple stages such as adoption, pre-launch research, regional analysis, social media

analytics, competitive mapping, market entry and post marketing surveillance. We frequently build

panels of experts for gathering data and invite participants of the healthcare industry to share their

opinions and views on our reports. Our current network of industry experts span across all major

life-science domains and take pride in keeping ourselves abreast with the latest happenings within

the sphere of Life-Science.

Report:

GLOBAL NON-VASCULAR

STENTS MARKET

2013-2019

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Table of Content

Chapter 1 Preface 9

1.1 Research Scope 9

1.1.1 Market Segmentation 11

1.1.2 Postulations 12

1.2 Methodology of Research 13

1.2.1 Companies covered in this report 14

Chapter 2 Précis 15

2.1 Market Inferences 15

Chapter 3 Market Dynamics 17

3.1 Market Drivers 17

3.1.1 Advanced computing capabilities and miniaturization of devices facilitates more accurate diagnosis 17

3.1.2 High penetration of smart phones across all geographies 17

3.1.3 High awareness and demand of home-care and self-care facilities will propel growth in adoption and usage 17

3.2 Market Inhibitors 18

3.2.1 Threat to privacy and susceptibility of hacking 18

3.2.2 Reimbursement of devices and apps a long way from realization 18

3.2.3 Lack of telecommunications and wireless infrastructure in most developing economies will restrict growth 18

3.3 Opportunities 18

3.3.1 Services in healthcare based on big data analytics 18

3.3.2 Large unmet need in developing countries for rapid on-field diagnostics 19

3.3.3 Advanced wearable healthcare devices 19

Chapter 4 Smart Phone Enabled Healthcare Diagnostics Market –

Global Market Size Assessment, by Hardware, Forecast:

2016 - 2020 20

4.1 Introduction 20

4.2 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Imaging Equipment, US$ Mn (2014 - 2020) 21

4.3 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Microfluidic Modules, US$ Mn (2014 - 2020) 22

4.4 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Microelectromechanical (MEMS) Modules, US$ Mn (2014 - 2020) 23

4.5 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market,

by Ultrasonic Transducers, US$ Mn (2014 - 2020) 24

4.6 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Other Sensors & Biosensors, US$ Mn (2014 - 2020) 25

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Chapter 5 Smart Phone Enabled Healthcare Diagnostics Market –

Global Market Size Assessment, by Software, Forecast:

2016 - 2020 26

5.1 Introduction 26

5.2 Global Smart Phone Enabled Healthcare Diagnostic Software Market,

by Companion Apps, US$ Mn (2014 - 2020) 27

5.3 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Telemedicine, US$ Mn (2014 - 2020) 28

5.4 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Clinical Assistance, US$ Mn (2014 - 2020) 29

5.5 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Others, US$ Mn (2014 - 2020) 30

Chapter 6 Smart Phone Enabled Healthcare Diagnostics Market –

Global Market Size Assessment, by Services, Forecast:

2016 - 2020 31

6.1 Introduction 31

6.2 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Remote Patient Monitoring & Telemedicine, US$ Mn (2014 - 2020) 32

6.3 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Electronic Medical Records (EMR & EHR), US$ Mn (2014 - 2020) 33

6.4 Global Smart Phone Enabled Healthcare Diagnostic Services Market,

by Picture Archiving & Communication Systems (PACS), US$ Mn (2014 - 2020) 34

6.5 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Others, US$ Mn (2014 - 2020) 35

Chapter 7 Smart Phone Enabled Healthcare Diagnostics Market –

Global Market Size Assessment, by Applications, Forecast:

2016 - 2020 36

7.1 Introduction 36

7.2 Global Smart Phone Enabled Healthcare Diagnostics Market, for

Cardiovascular, US$ Mn (2014 - 2020) 37

7.3 Global Smart Phone Enabled Healthcare Diagnostics Market, for Hematology, US$ Mn (2014 - 2020) 38

7.4 Global Smart Phone Enabled Healthcare Diagnostics Market, for Respiratory, US$ Mn (2014 - 2020) 39

7.5 Global Smart Phone Enabled Healthcare Diagnostics Market, for Obstetrics & Gynecology, US$ Mn (2014 - 2020) 41

7.6 Global Smart Phone Enabled Healthcare Diagnostics Market, for

Dermatology, US$ Mn (2014 - 2020) 42

7.7 Global Smart Phone Enabled Healthcare Diagnostics Market, for Ophthalmology, US$ Mn (2014 - 2020) 43

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7.8 Global Smart Phone Enabled Healthcare Diagnostics Market, for

Others (Cerebral, ENT etc), US$ Mn (2014 - 2020) 44

Chapter 8 Smart Phone Enabled Healthcare Diagnostics – Global

Market Size Assessment, by Geography, Forecast: 2016 –

2020 46

8.1 Introduction 46

8.2 North America Smart Phone Enabled Healthcare Diagnostics Market, US$ Mn (2014 - 2020) 47

8.3 Europe Smart Phone Enabled Healthcare Diagnostics Market, US$ Mn

(2014 - 2020) 48

8.4 Asia-Pacific Smart Phone Enabled Healthcare Diagnostics Market, US$

Mn (2014 - 2020) 49

8.5 Latin America Smart Phone Enabled Healthcare Diagnostics Market, US$ Mn (2014 - 2020) 51

8.6 Middle-East Smart Phone Enabled Healthcare Diagnostics Market, US$ Mn (2014 - 2020) 52

8.7 Africa Smart Phone Enabled Healthcare Diagnostics Market, US$ Mn (2014 - 2020) 53

Chapter 9 Key Players Analysis: Smart Phone Enabled Healthcare

Diagnostics Market, 2015 55

9.1 Global Smart Phone Enabled Healthcare Diagnostics Market: Recent

Developments 2013-2015 55

9.1.1 Mergers and Acquisitions 55

9.1.2 Joint Ventures, Expansion and Collaborations 55

9.1.3 New Product Launches, Approvals and Recalls 55

Chapter 10 Epilogue 57

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List of Figures

FIG. 1 Market Segmentation: Global Smart Phone Enabled Healthcare Diagnostics Market 11

FIG. 2 Research Methodology: Global Smart Phone Enabled Healthcare Diagnostics Market Assessment 13

FIG. 3 Global Smart Phone Enabled Healthcare Diagnostics Market – Value (% Share) Comparison, by Geography (2015 & 2020) 16

FIG. 4 Global Smart Phone Enabled Healthcare Diagnostics Market – Value (% Share) Comparison, by Component (2015 & 2020) 16

FIG. 5 Smart Phone Enabled Healthcare Diagnostic Hardware – Global Market Share, by Type 2015 & 2020 (% Share - US$ Million) 20

FIG. 6 Smart Phone Enabled Healthcare Diagnostic Hardware – Global Market Share, by Geography 2015 & 2020 (% Share - US$ Million) 21

FIG. 7 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Imaging Equipment, 2014 – 2020 (US$ Million) 21

FIG. 8 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Microfluidic Modules, 2014 – 2020 (US$ Million) 22

FIG. 9 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Microelectromechanical (MEMS) Modules, 2014 – 2020 (US$ Million) 23

FIG. 10 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Ultrasonic Transducers, 2014 – 2020 (US$ Million) 24

FIG. 11 Global Smart Phone Enabled Healthcare Diagnostic Hardware Market, by Other Sensors & Biosensors, 2014 – 2020 (US$ Million) 25

FIG. 12 Smart Phone Enabled Healthcare Diagnostic Software – Global Market Share, by Type 2015 & 2020 (% Share - US$ Million) 26

FIG. 13 Smart Phone Enabled Healthcare Diagnostic Software – Global Market Share, by Geography 2015 & 2020 (% Share - US$ Million) 27

FIG. 14 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Companion Apps, 2014 – 2020 (US$ Million) 27

FIG. 15 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Telemedicine, 2014 – 2020 (US$ Million) 28

FIG. 16 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Clinical Assistance, 2014 – 2020 (US$ Million) 29

FIG. 17 Global Smart Phone Enabled Healthcare Diagnostic Software Market, by Others, 2014 – 2020 (US$ Million) 30

FIG. 18 Smart Phone Enabled Healthcare Diagnostic Services – Global Market Share, by Type 2015 & 2020 (% Share - US$ Million) 31

FIG. 19 Smart Phone Enabled Healthcare Diagnostic Services – Global Market Share, by Geography 2015 & 2020 (% Share - US$ Million) 32

FIG. 20 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Remote Patient Monitoring & Telemedicine, 2015 – 2020 (US$ Million) 32

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FIG. 21 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Electronic Medical Records (EMR & EHR), 2014 – 2020 (US$ Million) 33

FIG. 22 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Picture Archiving & Communication Systems (PACS), 2014 – 2020 (US$ Million) 34

FIG. 23 Global Smart Phone Enabled Healthcare Diagnostic Services Market, by Others, 2014 – 2020 (US$ Million) 35

FIG. 24 Smart Phone Enabled Healthcare Diagnostics – Global Market Share, by Application 2015 & 2020 (% Share - US$ Million) 36

FIG. 25 Global Smart Phone Enabled Healthcare Diagnostics Market, for Cardiovascular, 2014 – 2020 (US$ Million) 37

FIG. 26 Global Smart Phone Enabled Healthcare Diagnostics Market, for Hematology, 2014 – 2020 (US$ Million) 38

FIG. 27 Global Smart Phone Enabled Healthcare Diagnostics Market, for Respiratory, 2014 – 2020 (US$ Million) 40

FIG. 28 Global Smart Phone Enabled Healthcare Diagnostics Market, for Obstetrics & Gynecology, 2014 – 2020 (US$ Million) 41

FIG. 29 Global Smart Phone Enabled Healthcare Diagnostics Market, for Dermatology, 2014 – 2020 (US$ Million) 42

FIG. 30 Global Smart Phone Enabled Healthcare Diagnostics Market, for Ophthalmology, 2014 – 2020 (US$ Million) 43

FIG. 31 Global Smart Phone Enabled Healthcare Diagnostics Market, for Others (Cerebral, ENT etc), 2014 – 2020 (US$ Million) 45

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List of Tables

TABLE 1 List of companies covered in this report 14

TABLE 2 Global Smart Phone Enabled Healthcare Diagnostics Market, by Geography, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 46

TABLE 3 North America Smart Phone Enabled Healthcare Diagnostics, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 47

TABLE 4 Europe Smart Phone Enabled Healthcare Diagnostics Market, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 49

TABLE 5 Asia-Pacific Smart Phone Enabled Healthcare Diagnostics Market, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 50

TABLE 6 Latin America Smart Phone Enabled Healthcare Diagnostics Market, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 51

TABLE 7 Middle-East Smart Phone Enabled Healthcare Diagnostics Market, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 52

TABLE 8 Africa Smart Phone Enabled Healthcare Diagnostics Market, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 53

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Chapter 1 Preface

1.1 Research Scope

Chapter Number Segment Description

Chapter 1:

Preface

Research Scope

The preface provides a brief overview of the contents of

the research report. The overview is further

supplemented by a graphical representation of the

market segments analyzed in the report. This is followed

by the postulations or assumptions considered for

analysis of different market segments.

Research Methodology

Provides the methodology adopted by SA-BRC while

estimating the current and future market in terms of

value.

Chapter 2:

Précis Inferences & Summary

The chapter lists down key (quantitative and qualitative)

highlights and takeaways of the market as reported in

the study.

Chapter 3:

Market Dynamics

Drivers, Inhibitors &

Opportunities

Explains the foremost factors that are affecting the

growth (positively and negatively) of the Global Smart

Phone Enabled Healthcare Diagnostics Market

Chapter 4:

Global Smart Phone

Enabled Healthcare

Diagnostics Market Size

& Forecast, by Hardware

Market Estimations for

Hardware components in

Smart Phone based

healthcare diagnostics

Segments Include: Imaging Equipment, Microfluidic

Modules, Microelectromechanical (MEMS) Modules,

Ultrasonic Transducers & Others. Estimates market

value with 2014 & 2015 as historical years and forecast

of 2016-2020

Chapter 5: Global Smart

Phone Enabled

Healthcare Diagnostics

Market Size & Forecast,

by Software

Market Estimations for

Software component in

Smart Phone based

healthcare diagnostics

Segments Include: Companion apps, Telehealth, Clinical

Assistance and Others. Estimates market value with

2014 & 2015 as historical years and forecast of 2016-

2020

Chapter 6: Global Smart

Phone Enabled

Healthcare Diagnostics

Market Size & Forecast,

by Services

Market Estimations for

Services component in

Smart Phone based

healthcare diagnostics

Segments Include: Remote Patient Monitoring &

Telemedicine, Electronic Medical Records (EMR & EHR),

Picture Archiving & Communication Systems and Others.

Estimates market value with 2014 & 2015 as historical

years and forecast of 2016-2020

Chapter 7: Global Smart

Phone Enabled

Market Estimations of

Smart Phone Enabled

Segments Include: Cardiovascular, Hematology,

Respiratory, Obstetrics & Gynecology, Dermatology and

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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Healthcare Diagnostics

Market Size & Forecast,

by Applications

Healthcare Diagnostics by

Medical Specialties or

Applications

Others. Estimates market value with 2014 & 2015 as

historical years and forecast of 2016-2020

Chapter 8: Global Smart

Phone Enabled

Healthcare Diagnostics

Market Size & Forecast

by Geography

Regional Analysis of

Global Smart Phone

Enabled Healthcare

Diagnostics

Provides estimates by value for 6 geographies of North

America, Europe, Asia-Pacific, Latin America, Middle-

East and Africa. Estimates market value by smart phone

enabled hardware software & services with 2014 & 2015

as historical years and forecast of 2016-2020

Chapter 9:

Key Players Market

Analysis

Recent Developments &

Competitive Strategies

and Competitive

Landscape

Elaborates recent developments for the years 2014,

2015 & 2016 and major competitive strategies adopted

by companies in this area based on events for past 3

years.

Chapter 10:

Epilogue

Postscript Qualitative

Overview

Provides postscript content to the report and includes an

informal perspective on the market with the best

possible outcome by the end of forecast period.

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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1.1.1 Market Segmentation

FIG. 1 Market Segmentation: Global Smart Phone Enabled Healthcare Diagnostics Market

Source: SA-BRC Analysis

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment: Forecast 2016 - 2020

Segments Demography

Hardware North America

Europe

Asia-Pacific

Latin America

Middle-East

Africa

Software

Applications

Cardiovascular

Hematology

Respiratory

Obstetrics & Gynecology

Imaging Modules

Others Sensors & Biosensors

Microfluidic Modules

MEMS Modules

Ultrasonic Transducers

Companion Apps

Telemedicine

Clinical Assistance

Services

Remote Patient Monitoring & Telemedicine

Electronic Medical Records (EMR & EHR)

Picture Archiving & Communication Systems

Others

Others

Dermatology

Ophthalmology

Cerebral, ENT & Others

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1.1.2 Postulations

This section covers assumptions and postulations or hypotheses considered during the research of

the market. The assumptions considered for estimating the complete forecast of the Global Smart

Phone Enabled Healthcare Diagnostics Market have been detailed below:

The report assumes that no major economic depression or surge occurs during the forecast

period. These extreme variations may take place due to environmental challenges, global

economic cues, wars and other factors.

The report assumes the term “diagnostics” to cover all major associated processes such as

monitoring and physician services but excludes market estimates of wellness devices such

as fitness trackers, wellness apps and services that do not provide conclusive diagnostics to

diseases.

The market estimates for apps are based on subscriber volume and annual charges per

person whether physician or patient.

The market includes estimates for technologies that store data locally as well. There are

several devices that do not communicate with service providers or caregivers and

physicians. These devices compile data more as a medical history that can be shared later.

Due to the young nature of this market, the report estimates consider devices and systems

that are approved by federal and regional authorities such as FDA and CE as well as those

not approved but currently deployed in the market. Surveys conducted for this segment only

confirms the sale of devices to people across the world thus ensuring revenue generation

that is finally the true market today.

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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1.2 Methodology of Research

FIG. 2 Research Methodology: Global Smart Phone Enabled Healthcare Diagnostics Market

Assessment

Source: SA-BRC Analysis. **Websites mentioned in the above representation are few examples from our exhaustive list of references that

cannot be compiled in entirety

Quantitative

Research

Qualitative

Research

Primary Research Secondary/Desk Research

Online-web (CATI/CAWI/CAPI)

Telephonic and video conference

Interviewee Location: Multiple respondents

from each of 6 geographies

Interviewee Field Exp.: All Interviewees were c-

level, d-level, VP level and senior management

Target Information: validation of secondary

findings; cross-verification of other primary

interviews

Organization – Hospitals, Pharmacies, Patients,

Device Users, Technology Universities

Proprietary third party databases

In-house data repository

Company sites

Annual Reports/ SEC Filings

Investor presentations

Equity & Stock

(Seeking Alpha, Zacks, Motley Fool, Forbes

etc.)

Primary Research Secondary/Desk Research

Online forums/blogs

Online communities/Patient Advocacy Groups

Online chat with KOLs/experts

Focused Group Discussions

Target Information: Insights on market trends,

market impact factors, marketing and

awareness programs etc.

Fierce Medical Device

MDDI Online

Mobile Health News, Medical News Today

Nature Magazine, BioMed Central, Science

Daily, Healthline, Science Daily, Gizmag

Cytofluidix

Wearable Technologies

FDA.gov and other regulatory authorities

Medgadget

Data triangulation was done for the information (quantitative/qualitative) collected through

primary and secondary sources. Analysis also included evaluation of all major macro and

microeconomic factors.

Post data triangulation process, the summary of our study was shared with KOLs and industry

experts to suggest further insights to our analysis as well as validate the overall Smart Phone

Enabled Diagnostics Market.

Key Findings

Market Forecast

Insight Generation

Spearhead-Acuity Team

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1.2.1 Companies covered in this report

TABLE 1 List of companies covered in this report

S. No Company Name S. No Company Name

1 AkibaH Inc. 2 iHealth

3 AliveCor 4 Cerora

5 Entra Health 6 Gentag

7 Sonostar Technologies Co., Limited (China) 8 CellScope

9 Holomic LLC (now CellMic) 10 Nonin

11 Philips Healthcare 12 EyeNetra

13 LifeWatch Technologies 14 MobileODT

15 Hera Med 16 Mobisante

17 OJ-Bio 18 Personal MedSystems GmbH

19 Mega Electronics 20 SHL Telemedicine

21 Welch Allyn 22 Samsung

23 Glooko Inc 24 McKesson Israel ltd

25 Shanghai Berry Electronic Tech Co., Ltd 26 Calgary Scientific

27 LabStyle Innovations 28 LifeScan

29 DexCom 30 Medtronic Inc

31 Scanadu 32 Everist Health

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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Chapter 2 Précis

2.1 Market Inferences

Key Highlights and Insights to the Global Smart Phone Enabled Healthcare Diagnostics Market:

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.

The global smart phone enabled healthcare diagnostic hardware market was valued at US$

xx million in 2015 and is expected to grow to US$ xx million by 2020 at a CAGR of xx%

from 2016 to 2020.

The global smart phone enabled healthcare diagnostic software and companion apps Market

was valued at US$ xx million in 2015 and is expected to grow to US$ xx million by 2020 at a

CAGR of xx% from 2016 to 2020.

The global smart phone enabled healthcare diagnostic services market was valued at US$ xx

million in 2015 and is expected to grow to US$ xx million by 2020 at a CAGR of xx% from

2016 to 2020.

North America continues to lead the market with a share of xx% in 2015. Translated into

revenues, the region contributed to sales of US$ xx million in 2015 and is forecast to grow

to US$ xx million by 2020 at a CAGR of xx% from 2016 to 2020.

Asia-Pacific was pegged as the fastest growing market with a growth of xx% from 2016 to

2020. Translated into revenues, the region contributed to sales of US$ xx million in 2015

and is forecast to grow to US$ xx million by 2020.

Cardiovascular and Hematology remain the largest specialty segments where smart phone

based healthcare diagnostics are focused. Large target population and ease of use of

technology ensures greatest commercial viability. In 2015 the segments garnered shares

worth xx% and xx% respectively. In terms of value the two segments accounted for

revenues of US$ xx million and US$ xx million in 2015.

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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FIG. 3 Global Smart Phone Enabled Healthcare Diagnostics Market – Value (% Share)

Comparison, by Geography (2015 & 2020)

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis

North America has the third largest number of smart phone users and the largest adopters of smart

phone enabled healthcare products (hardware, software and services) propelled by growing number

of insurance companies offering reimbursement for devices, software & services.

FIG. 4 Global Smart Phone Enabled Healthcare Diagnostics Market – Value (% Share)

Comparison, by Component (2015 & 2020)

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis

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Chapter 3 Market Dynamics

3.1 Market Drivers

3.1.1 Advanced computing capabilities and miniaturization of

devices facilitates more accurate diagnosis

Smart phone devices were introduced in the last decade and have undergone tremendous

transformation in terms of capabilities. Current smart phones are capable of performing tasks that

desktop computers did until the last decade. Advanced capabilities within iPhones or any Android

phones have significantly reduced the rate of false positive diagnostic results. High powered batteries

required by smart phones provide optimum power for plug-ins and modules that actually perform the

task of completing the diagnostics.

3.1.2 High penetration of smart phones across all geographies

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. In Asia-Pacific, the population of smart phone users is anticipated to grow over 1.5 billion by

2020. Over 550 million are anticipated to use smartphone users worldwide will be using health-

related apps. There is thus a high market penetration of smart phone users across the world.

Providing healthcare on smart phones will address a large unmet need of healthcare and increase

diagnostic rates of several diseases and particularly lifestyle diseases such as high blood pressure,

diabetes among others.

3.1.3 High awareness and demand of home-care and self-care

facilities will propel growth in adoption and usage

Blood glucose (diabetes), blood pressure among several other chronic disorders are routinely

managed by patients themselves. Awareness and increased comfort of technology particularly among

aging population has prompted independence in taking care of illnesses at home by patients. The

availability of easy to understand smart phone based devices will further propel the adoption.

Analysts at SA-BRC anticipate that an additional niche segment is childcare at home wherein parents

resort to smart phone enabled diagnostics to routinely monitor fever, ear-nose-throat infections, skin

infections among others that affect young children. Smart phones are capable of taking pictures and

analysing dermatological disorders or skin disorders and will provide parents with the proper steps to

combat the diseases.

Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)

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Disclaimer:

Spearhead Acuity Business Research & Consulting Private Limited (OPC) is an informative Market

Research Company with the sole intention of sharing market related insights. The information

provided in our research reports or on sa-brc.com though collected through authentic sources,

analyzed and cross validated through Key Opinion Leaders (KOLs) in the industry; neither the

company nor authors provide any kind of warranty about the content – both qualitative and

quantitative.

Contact

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United States

Contac Number: +1(832)-426-3701

Email: [email protected], [email protected]

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