Market research future has released a new report on the global mhealth applications market which reveals a notable cagr during the forecast period of 2017 to 2023 with an estimated value of us$ 100.2 billion. Mhealth is one of the most innovative and disruptive trends in healthcare sector that is growing at prodigious rate from last few years.
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.
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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 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- 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 – Key Players
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)
Global mHealth Applications Market – Overview
The Global mHealth applications market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth applications market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023).
Considering the global scenario of the mHealth applications market, the total market for mHealth application was some US$ billion in 2016 and expected to reach US$ 100.2 billion by 2023. While considering the segments, monitoring application is holding largest market share that is about 53.8% in 2016.
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.
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
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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