According to a new study conducted by Research and Markets, the global mobile health sector is poised to grow at a compound annual growth rate of 32.3% over the next decade to reach approximately $189 billion by 2025. Some of the prominent trends that the market is witnessing include an increasing awareness of mobile-based medical devices, a surging focus on patient-centric healthcare delivery, as well as cost limitations in healthcare delivery.

Based on services, the market is categorized into monitoring services, diagnostic services, treatment services, the wellness and healthcare system, prevention services, consultation services, and healthcare-system-strengthening services.

By product type, the market is segmented by eyewear, mobile health, connected medical devices, and mhealth apps, Research and Markets officials say. What’s more, connected medical devices are subdivided into clinical devices, with clinical devices further segmented into peak flowmeters, neurological monitoring devices, fetal monitoring devices, sleep apnea monitors, multiparameter trackers and vital signs monitoring devices.

Key players in the global mobile health sector include Philips Healthcare, Medtronic, Cerner Corp., Apple, LifeWatch AG, Qualcomm, and more, study officials assert.