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“Future Market Insights”
Extending Penetration of Mobile Devices Will Generate Lucrative Opportunities in the mHealth Solutions Market; Future Market Insights
Growing health awareness and inclination towards health-oriented devices are fuelling the market growth to a great extent.
The mhealth solutions market is expected to expand at an impressive CAGR of 26.8% through the forecast period (2020-2030) across the globe. COVID-19 has fuelled the demand as sales of smart devices have witnessed considerable profit due to digitalization. Though major challenges like cyber-crime will affect the market yet a steady growth will be noticed as features will be modified.
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Bolstering demand for wearable devices and adoption of smart health and fitness tracking devices are driving the market growth. Key players are regularly working on product innovation in technical aspects with customer friendly features, thereby, enhancing market growth,” states the FMI Analyst.