The term mHealth / Mobile Health refers to the medicine and public health practice supported by mobile devices. It is most commonly used in reference with mobile communication devices, such as mobile phones, computers, tablet or PDAs, along with the wearable devices like smartwatches, which can be used for health services, information, and data collection. the Global mHealth Applications Market will grow to USD 100.2 billion by 2023, registering a phenomenal CAGR throughout the forecast period (2017 – 2023).
mHealth can also be defined as a sub-segment of eHealth, which uses ICT (information and communication technology), such as communications satellite, patient monitors, etc. along with computers, and mobile phones, for health services and information. mHealth applications include collecting community and clinical health data using mobile devices, real-time monitoring of patient’s vital signs, and provision of care via mobile telemedicine.
The rapid adoption of portable and smart devices like tablets and smartphones is the key factor propelling the market growth. There comes the fact that such a broad adoption could not be possible without advanced connectivity technologies and solutions. Hence, advancements in network connectivity is also a key factor responsible for the market growth.
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Augmenting demand for mobile medical apps among doctors coupled with the increased usages of medical apps by the physicians to monitor their patients’ health remotely is providing impetus to the market growth. Furthermore, raising awareness among the patients towards the benefits of special mHealth apps that can make the chronic disease management easier, is driving the market growth.
Besides, the market is primarily driven by the private users paying for mHealth apps. With a growing number of mHealth solutions being actively used, traditional healthcare providers and investors have slowly begun to integrate mHealth solutions into everyday healthcare delivery and reimbursement plans.
Global mHealth Applications Market – Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.
Some of the key players in this market are: Allscripts (US), Agamatrix, Inc. (US), Apple Inc. (US), Honeywell International Inc. (US), Medtronic MiniMed, Inc. (US), Vivify Health (US), iHealth Labs Inc. (US)
February 09, 2018 – US – Department of Health, Wyoming introduced a free, personalized mHealth app named as ‘The Family Health app’. The app is designed to connect families in the state of Wyoming with appropriate healthcare resources. The Family Health app developed by Wildflower Health, mobile health Application Company.
In October 2017- AgaMatrix, Inc., a wholly owned subsidiary of AgaMatrix Holdings LLC, announced that they entered into a USD 32 million senior term loan facility with Prospect Capital Corporation. The proceeds from the term loan facility were used to support sales and marketing, product development and clinical trial initiatives for both AgaMatrix, Inc., and for WaveForm Technologies, Inc., a separate wholly owned subsidiary of AgaMatrix Holdings, LLC.
In September 2016- Allscripts, a global leader in healthcare technology, announced that it has closed its acquisition of McKesson Corporation’s hospital and health system IT business, known as the Enterprise Information Solutions (EIS) business. The transaction significantly expands Allscripts client base in U.S. hospitals and health systems and expanded its solutions portfolio. Allscripts purchased the EIS business for USD 185 million in cash.
In September 2016- iHealth Labs, the connected device subsidiary of Andon Health with offices in Paris and Mountain View, California, acquired Bordeaux, France-based eDevice for USD 106 million. eDevice is a longtime European provider of back-end infrastructure that connects remote monitoring devices to hospitals and healthcare providers.
Global mHealth Applications Market – Segments
Global MHealth applications Market has been segmented on the basis of type which comprise Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, and others
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Global mHealth Applications Market – Regional Analysis
The Global mHealth Market is segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth applications is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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