Share:
“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.
“
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.
(1)
PUNE, India, Dec. 14, 2020 /PRNewswire/
The COVID-19 pandemic is expected to have a positive impact on the global respiratory care devices market in the coming years. This is because of the increasingly demand for ventilators for treating the rising number of COVID-19 patients in America, Europe and APAC. Furthermore, there has been a significant spike in the demand for oxygen monitors and pulse oximeters for checking the oxygen levels in COVID-19 patients. Respiratory illness can lead to the disruption of oxygen level in individuals. Protective respiratory care devices such as face masks are also being increasingly used by both healthcare professionals and individuals to prevent the spread of coronavirus.