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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
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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)
15
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)
16
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
Global Smart Phone Enabled Healthcare Diagnostics Market Assessment & Forecast, (2016-2020)
17
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)
59
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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