mHealth Global Market – Overview
mHealth is an abbreviation for mobile health, a term used for the practice of medicine and public health supported by mobile devices. The term is most commonly used in reference to using mobile communication devices, such as mobile phones, tablet computers and PDAs, for health services and information.
Mobile Global Market is expected to worth USD 21.71 Billion by the end of the forecasted period with a staggering growth of CAGR of 36.5% during 2016 to 2022, predicts the Market Research Future in one of its recently published study report – “mHealth Market Research Report- Global Forecast To 2022”
The global mHealth market is one of the fastest growing industries, owing to the changing dynamics of the legal and regulatory workflow and the intense competitive rivalry among large number of public companies, states the MRFR research analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures and widely spread over 301 pages.
mHealth Global Market – Key Players
- Some of the key players of the Mobile Health global Market, identified in the report are Agamatrix, INC
- Alivecor, INC
- Apple, INC
- Athenahealth INC
- AT&T, INC
- Biotelemetry INC. (CARDIONET)
- GE Healthcare
- Google INC
- Jawbone INC
- Johnson & Johnson
- Laboratory Corporation of America Holdings
- Philips Healthcare
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mHealth Global Market – Segments
Mobile Health market has been segmented in to 3 dynamics for an easy grasp.
– Segmentation on the basis of therapeutics comprises of diabetes, respiratory, mental and neurological disorders, fitness & lifestyle therapeutics and others.
– Segmentation on the basis of application the market is segmented into monitoring applications, diagnosis & treatment, education and awareness, healthcare management, wellness & prevention, remote data collection
Monitoring application segment holds 61.8% market share of global mHealth market by application.
mHealth Global Market – Synopsis & Scenario
Mobile health (mHealth) is also one of the most modernized trends in the healthcare industry that has shown tremendous progress in the last few years. This trend is observed due to the increasing growth of personal health devices, which can be easily worn or used with a smartphone or tablet. The various factors that influence the growth of mHealth market are patient’s involvement in personal healthcare, implementation of smartphones and wearable devices into healthcare industry, integration of wireless technologies with healthcare devices that are portable, benefits of Cost effectiveness and patients’ convenience and Increase in lifestyle diseases
The mHealth global market is expected to reach $ 21.71Billion by 2022. Globally the market for Mobile Health is expected to grow at 36.5% CAGR (2016-2022).
mHealth Market – Regional Analysis
Globally Americas is the largest market for mHealth market. The large size of the market can be attributed due to increasing digital advancement in medical technology. Asia-Pacific is the second-largest for mHealth market. Europe Mobile Health market is expected to grow with a steady pace.
– Americas holds the largest market share of 34% of mHealth market globally.
– Europe market is expected to grow at a CAGR of 35.65%.
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