MRFR offering latest technology innovation research report Mhealth Market, mobile heath market is Emerging technologies in support of mobile health (mHealth) has revolutionized the healthcare industry. The adoption of mHealth has been significant in the recent past years. The data is collected from different sources allied to the global Mhealth Market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations.
The Global Mhealth Applications Market Is Expected To Rise To A Valuation Of More Than USD 100 Billion By 2023, according to the latest research report from Market Research Future (MRFR). The global mHealth applications market is mainly driven by the growing demand for mHealth technology in healthcare monitoring, diagnosis, treatment, and other applications. The increasing demand for remote monitoring and efficient data storage in the healthcare sector has been the major driver for the global mHealth applications market over the historical review period. With the increasing demand for homecare and telehealth services, the global mHealth applications market is likely to grow at a robust growth rate over the forecast period.
The development in cellular communication technology over the last few years has been a major driver for the mHealth applications market. With the robust development of mobile communications technology, more advanced mHealth solutions have been introduced in the healthcare sector over the last few years. Video calling and VoIP (voice over Internet protocol) services have further enhanced the functionality of mHealth applications. The increasing demand for video calling and VoIP services in telehealth is likely to be a major driver for the global mHealth applications market over the forecast period. Advanced communications technology such as 5G telecommunication, Wi-Fi, and Bluetooth has become commonplace in developed countries, enabling rapid enhancement of mHealth applications. The increasing demand for telehealth and remote monitoring in the coming years is likely to be a major driver for the global mHealth applications market over the forecast period.
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Increasing government support to telehealth operations is also likely to be a key driver for the global mHealth applications. Due to the benefits it provides in terms of enabling widespread access to healthcare solutions, governments all over the world are encouraging further development of mHealth solutions and technology. Governments are also becoming increasingly active in terms of supporting the development of telecommunications infrastructure, which is also likely to be a key driver for the mHealth applications market over the forecast period.
Competitive Analysis:
Leading players in the global mHealth applications market include iHealth Labs Inc., Vivify Health, Medtronic MiniMed Inc., Honeywell International Inc., Apple Inc., Agamatrix Inc., and Allscripts. Major players in the global mHealth applications market are likely to focus on product development in the coming years, as leading players look to come up with promising solutions in all the niches of the mHealth applications market. Growing government support to telehealth solutions is likely to further drive product development in the mHealth applications market in the coming years.
In September 2019, the American Medical Association (AMA) announced that its 2020 CPT codes would include new additions to support remote patient monitoring and telehealth services.
In September 2019, Sam’s Club announced the addition of telehealth to its bundled healthcare services.
Segmentation:
The global mHealth applications market is segmented by type into monitoring applications, diagnosis and treatment, education and awareness, healthcare management, wellness and prevention, and others. The monitoring applications segment held a dominant 53.8% share in the global mHealth applications market in 2016. Monitoring applications are likely to hold on to a major share in the global mHealth applications market over the forecast period due to the growing demand for remote monitoring and homecare in the healthcare sector. Developments in the field of the Internet of Things have allowed the development of strong medical sensor devices that can monitor several variables and provide reliable, quick updates, allowing rapid and decisive decision making in the case of emergencies.
Regional Analysis:
Europe is the largest regional market for mHealth applications, followed by Asia Pacific. North America follows Asia Pacific at a slight distance, but is a major hub for technological developments in mHealth applications, as the presence of major telecommunications and medical industry players enables strong growth of the mHealth applications market in the region. Strong government support has enabled rapid progress of the mHealth applications market in Europe, which held a 31.7% share in the global mHealth applications market in 2016.
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