The increasing penetration of smartphones and the emergence of resilient internet connectivity solutions in developing nations is boosting market expansion.
The increasing penetration of smartphones and the emergence of resilient internet connectivity solutions in developing nations is boosting market expansion.
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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Ineffective communication between patients and doctors is one of the primary reasons for medical errors. mHealth mobile apps bridge the communication gap and provide point-of-care tools that allow for enhanced communication, better clinical decision-making, and subsequently improve patient outcomes.
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
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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