Growing demand for chronic disease monitoring, long-term care, and self-management of health, the business potential of mobile health wearables has surged in recent years.
Albany, NY — (SBWIRE) — 05/19/2017 — In the present scenario, the mobile health wearables market is acquiring lot of business opportunities owing to the high demand for health monitoring products. Looking into this market demand, a new study has been added to the huge online repository of Market Research Hub (MRH), with the title ''Opportunities and Challenges for ICT Vendors in the Mobile Health Wearable Market''. The study aims to present a deep analysis of the major opportunities and challenges that impact the development of the leading international manufacturers, and to offer valuable insights about the present market situation.
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Currently, due to the crucial need among people for long-term health care, self-health-management, and chronic disease monitoring, the business potential for mobile health wearables has risen. Information and communication technology (ICT) vendors are attempting to tap into this sector with their cloud computing technologies, hardware and software solutions. The report begins with the clear introduction of the sector where it presents the definition and evaluates the types of products available in the market. Then, it describes the development of this industry through the introspection of the different mobile health wearables as well as the ones developed by the ICT vendors such as Apple Watch and HealthKit, alongside those built by the medical device company called Medtronic. Such major information regarding the market, products and companies helps in creating improved business modules.
Another important facet of this report is the analysis of the gaps in the mobile health wearable value chain, where it highlights the trends and current activities that are most valuable to the company. The section evaluates the development of information communication technology, alongside the equipment vendors in the ICT Industry. Furthermore, it introspects the ICT vendors' development and regulations in medical software and systems; as well as the development of medical cloud platforms. In this section, the investor can easily identify the cost affecting factors in this market and try to improve those aspects appropriately.
In the conclusion of the report, it studies the companies in this sector who have been successful in creating premium products. It also includes additional knowledge regarding the main features of each type of products, components developed by semiconductor vendors and the wearables developed by consumer electronics brands. Moreover, the study evaluates the common medical software available, development of the vendors in this industry, as well as about important data on the US FDA's mobile medical app classification. In the end, the report also describes in detail about the opportunities and challenges for the different types of vendors in this sector. Such rich data regarding the mobile wearable market can help investors to create improved products and profits in the future.
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