The Global mHealth Market is forecasted to be worth USD 361.67 Billion by 2027, according to a current analysis by Emergen Research.
The Global mHealth Market is forecasted to be worth USD 361.67 Billion by 2027, according to a current analysis by Emergen Research. The mHealth market has experienced an increase in demand in the past couple of years, due to the surge in the prevalence of smartphones and the advent of advanced technologies in the medical industry. Digital health has emerged as a triumphant venture, attracting several organizations and industries from outside the healthcare domain.
Applications on mobile help people in managing their own health, have access to necessary information wherever and whenever required, and promote healthy living. These technologies are being rapidly adopted, which is promoting their development. The advent of advanced technologies has revolutionized the industry for healthcare. Increased investments in health start-ups have also gained momentum, which has further propelled the demand for the market. New entrants to the industry are coming up with innovative ideas to make these apps more customer-friendly and are trying to tap into ample growth opportunities.
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Key Highlights from the Report:
- mHealth allows healthcare providers to seamlessly treat multiple patients without a need for workstation or office. The patient use of these apps is forecasted to expand at a CAGR of 32.9% during the projected timeline.
- Modern technology has played a pivotal part in the advent of methods and tools that allow people to maintain a fit and healthy lifestyle. Rapidly increasing awareness about the benefits of exercise and diet has increased the popularity of wearable and fitness apps. The wearable segment is predicted to expand at a CAGR of 32.5% throughout the projected timeframe.
- Remote monitoring occupied a significant share of the market in 2019. One of the primary factors contributing to this segment’s growth is the exponential increase in the diabetic patient pool, which is bolstering the adoption of remote monitoring apps, such as Gloko, to keep track of their glucose levels.
- mHealth apps are more effective and advanced and help patients across the globe. The market is gaining momentum in the Asia Pacific region. Large unchecked population in India and China and the escalating geriatric patient pool across Japan and Singapore are boosting the market growth in the region.
- Major industry players include Allscripts Healthcare Solutions, Bayer Healthcare, mQure, AT&T, Apple Inc., Omron Healthcare Inc., Samsung Electronics Corporation, Philips Healthcare, LifeWatch AG, and Cardionet Inc., among others.
- The University of California and eight digital health corporations received a funding of USD 23 million to rapidly develop reliable and advanced mHealth and telehealth platforms to cater to the growing medical need amid the COVID-19 pandemic.
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For the purpose of this report, Emergen Research has segregated the Global mHealth Market on the basis of platform, application, end-use, and region:
Platform Outlook (Revenue, USD Billion; 2017-2027)
- Wearable Devices
- Mobile Apps
Application Outlook (Revenue, USD Billion; 2017-2027)
- Education and Awareness
- Diagnostics and Treatment
- Disease and Epidemic Outbreak Tracking
- Communication and Training
- Remote Monitoring
- Remote Data Collection
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Patients
- Physicians
- Pharmacies
- Research Centers
- Insurance Companies
- Government
- Tech Companies
- Biopharmaceutical Companies
- Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
Reasons to buy the report:
- This study segments the MHealth market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the MHealth sectors.
- This MHealth report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the MHealth market.
Key features of the report:
- To study the key aspects impacting the MHealth market size.
- To identify growth prospects in the MHealth market.
- To analyze the MHealth market segments and deduce the dominant trends observed in the industry.
- To examine the MHealth market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the MHealth market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. MHealth Market Segmentation & Impact Analysis
4.1. MHealth Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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