Mobile Health (mHealth) Industry
Description
Mobile health (mHealth) refers to the usage of mobile and wireless technologies to aid healthcare systems and attain healthcare objectives. Digital health solutions boast the potential to strikingly enhance the quality of healthcare being provided, democratize medical knowledge, and offer healthcare access to billions of people who are unable to grab hold of these services.
The report published in BCC on the global mobile health (mHealth) market revealed the growth of the market to be at a notable pace. The valuation of the mobile health (mHealth) market was further stated to surpass its previous valuation.
mHealth technology can help provide improved and much more consistent solutions within the healthcare environment across the globe and change the way healthcare services are provided in the coming years. Already, smart devices and wearable gadgets are empowering individuals to manage their health in a much more effective manner, offering continuous monitoring and distribution of information to both the patient and healthcare professionals, raising awareness, thereby driving a proactive, patient-centric healthcare system that benefits everyone. In recent years, the technology has gained major acceptance and is starting to be adopted by a large community with time.
However, various hurdles remain existent in the market, including the imperative need to clarify regulation and policies, addressing the interoperability standards, and the lack of cross sector collaborations and partnerships. However, the market is slated to grow at an impressive pace and create major growth opportunities for the existing and emerging players.
Competitive Landscape
The global mobile health (mHealth) market comprises a host of key players. This includes names like Apple Inc., Bharti Airtel, AT&T, China Mobile Ltd., AthenaHealth, Emperra GMBH E-Health Technologies, Agamatrix, Propeller Health, Companion Medical Inc., Kaiser Permanente, Etisalat, Samsung Electronics Co. Ltd., Walgreens, Verizon Communications, Orange, Glooko, Welldoc, Vodafone Group PLC, Qualcomm, T-Mobile, Validic Inc, WebMD Health Corp. Telefonica, and others.
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Market Segmentation
The global mobile health (mHealth) market has been segmented in terms of th.
By applications, the market divides into Respiratory Diseases, Metabolic Disorders, Cardiovascular Disease, Neurological Diseases, and others.
By providers, the market segments into Governmental Organizations, Smart Connected Devices, Hospitals and Clinics, Wearables, Healthcare Insurers, Healthcare Professionals, Employers, Patients, Pharmaceutical Companies and CROs, and others.
Regional Analysis
The global mobile health (mHealth) market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. Increasing awareness concerning diseases and a rising penetration of mobile platforms are expected to influence the Asia Pacific regional market positively. In recent years, several countries from Asia has been reported to adopt or prefer digital healthcare strategies to manage healthcare delivery.
Industry Buzz
Aug 2019, global tech leaders Oracle and HCL Technologies forged a new partnership deal in the healthcare segment. The deal will see the availability of the latter’s Faster Intelligent Trials (FIT) Solution with the help of Oracle Health Sciences Mobile Health (mHealth) Connector Cloud Service (Oracle mHealth Cloud).
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