The global mHealth market is expected to be around 217 billion by 2025. Some of the key factors driving this market are, increasing penetration of smartphones around the world, increasing adoption of wireless technology oriented devices by the healthcare fraternity and rapid adoption of health related mobile apps by people. With increasing emphasis on devising and delivering patient-centric healthcare by healthcare providers, the mHealth market is slated to witness robust growth in coming years. Moreover, rapid penetration and advancement of internet connectivity across the world is also expected to boost the market growth during the forecast period. However, factors such as reluctance in adopting this technology by conventional healthcare providers in emerging countries and concerns related to security of patients’ data on mHealth platforms can hamper the growth of global mHealth market during the forecast period.
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Key players in the mHealth markets include Market : Medtronic plc, Omron Healthcare, Inc., Koninklijke Philips N.V, AliveCor, Inc., Nokia Corporation, LifeWatch AG (acquired by BioTelemetry, Inc.), athenahealth, Inc., Cerner Corporation, Apple, Inc., iHealth Labs Inc., AgaMatrix, Inc., AT&T Corp., Nike, Inc., Dexcom, Inc., Fitbit, Inc. and AliphCom dba. Jawbone.
Vital signs monitoring segment accounted for the largest share of the mHealth market in 2016 owing to the convenience of monitoring various vital parameters such as pulse rate, blood pressure, blood glucose levels using portable devices. Patients no longer need to visit clinics or hospitals to measure and monitor such parameters. Moreover, easy and timely detection of fluctuations in such important parameters can be effectively observed which can enable early disease diagnosis and treatment. Within the mHealth apps segment, healthcare apps sub-segment held the major market-share in 2016 as such apps can be installed and used directly by the patients on their smart devices such as tablets and smartphones anytime and anywhere. Due to such convenience offered by these apps, patients are rapidly adopting them resulting in a significant market share for the segment.
The report further covers the significant performance of robust mHealth companies including their research activities, product innovations, developments, technology adoptions, and brand promotions. The activities are performed in order to captivate the maximum numbers of potential buyers and offer better fit products in the market. Their strategic acquisitions, mergers, ventures, and partnerships are also examined in the report to help clients build their own strategies for their mHealth businesses.
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On the basis of product, this report displays the sales volume, revenue (Million USD), product price, mHealth market share and growth rate of each type, primarily split into-
Fetal Monitoring Devices
Peak Flow Monitors
Neurological Monitoring Devices
Sleep Apnea Monitors
Consumer Health Devices
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, mHealth market share and growth rate of mHealth for each application, including-
Medication Management Apps
Chronic Care Management Apps
Diabetes Management Apps
Cancer Management Apps
Blood Pressure & ECG Monitoring Apps
Mental Health & Behavioral Disorder Management Apps
Other Chronic Care Management Apps
Market Segment by Regions, regional analysis covers:
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries
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mHealth Market Report Structure at a Glance:
- Executive summary, market introduction, mHealth market definition.
- Macroeconomic factors and forecast factors.
- mHealth Market taxonomy – segmentation on the basis of type, end-use, and region.
- Pricing analysis, regulatory factors analysis, and value chain analysis.
- mHealth Market dynamics including key drivers, key restraints, recent trends, upcoming opportunities.
- In-depth forecast analysis by type, end-use, region.
- mHealth Market structure and competition analysis.
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