mHealth Market Size
As per the report published by Market Data Forecast, the size of the global mobile health market was valued at USD 25.17 Billion in 2020 and hiking at a remarkable CAGR of 35.65% from 2020 to 2025.
Key Market Drivers:
Increasing cases of the COVID 19 and a rise in the development of various software applications are major factors for the global mobile health market to grow. In the healthcare industry, mobile health has revolutionized with advanced technologies. According to the new data, nearly 325,000 applications are available for the android and IoS users across the world. This is creating a growth opportunity for the market. Also, the growing usage of smartphones and tablets is leveling up the growth rate of the market. Rising incidences of chronic diseases and prior to mobile health services are enhancing the demand of the market. Rising support from private and public organizations through investments in developing innovative apps in favor of the end-users is likely to bolster the demand of the mHealth market.
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However, the lack of complete knowledge over the availability of different mobile phone applications, especially in rural areas, is restraining the demand of the mHealth market. Reluctance to adopt advanced technologies in some countries is also a factor hindering the market’s growth rate.
COVID-19 Impact on the global mHealth market:
The global mobile health market has experienced drastic changes during the period of the COVID 19 pandemic. TO reduce the exposure to the coronavirus, everyone got adopted to stay at home and seek medical advice. Mobile healthcare services are best among during these tough times. As doctors are front-line warriors in the fight against coronavirus, mHealth services helped promote medical advice to the patients. To help hospital management, many government and private institutes are taking health initiative steps in this crisis. Within a short time frame, the market players gained huge profits with high efforts. This shall continue in the coming years as well.
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This market research report on the Global mHealth Market has been segmented by type, application, services, and region.
- Blood Pressure Monitor
- Glucose Meter
- Pulse Oximeter
- Chronic Care Management
- Health and Fitness
- Weight Loss
- Women’s Health
- Personal Health Record
- Remote Monitoring
- Fitness And Wellness
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
North America is estimated to rule the global mHealth market with dominant shares due to the rising incidences of chronic illness and growing consciousness over health. According to a recent survey by United Healthcare Consumer Sentiment, around 28% of the Americans were using health-related applications in smartphones as a primary source. The emergence of the IT sector in developing innovative applications in healthcare is greatly influencing the demand of the market. Various companies are investing high in the development of the applications, which is also leveraging the market’s growth rate in this region.
Europe is next to North America is leading the dominant shares of the market. Constant economic growth and increasing funds on healthcare are mainly lavishing the demand of the market. The growing prevalence of launching various healthcare applications to provide better health information to the customers enhances the demand of the mHealth market.
Asia Pacific is witnessed in having the highest CAGR in recent years. India and China are the major contributors to the market growth in this region. Adopting the latest technologies and creating awareness over the availability of smartphone applications through digital advertisements are offering a better growth rate for the market.
NOTABLE PLAYERS IN THIS MARKET
Companies that are playing a promising role in the global mobile health market analysed in this report are Cardionet Inc., iHealth Labs Inc., QUALCOMM life, Vodafone, Dexcom, Inc., Fitbit, Inc. (Twine Health, Inc.), Koninklijke Philips N.V. (Philips), Livongo Health, Inc., Medtronic Plc., Omada Health, Inc., Omron Corporation (Omron Healthcare, Inc.), Samsung Electronics Co., Ltd and Welldoc, Inc.
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List of Tables and Figures of the report:
- Global Mobile Health Market, By Region, From 2020 to 2025 (USD Billion)
- Global Mobile Health Market, By Connected Devices, From 2020 to 2025 (USD Billion)
- Global Blood Pressure Monitor Market, By Region, From 2020 to 2025 (USD Billion)
- Global Glucose Meter Market, By Region, From 2020 to 2025 (USD Billion)
- Global Pulse Oximeter Market, By Region, From 2020 to 2025 (USD Billion)
- Global Mobile Health Market, By Services, From 2020 to 2025 (USD Billion)
- Global Remote Monitoring Market, By Region, From 2020 to 2025 (USD Billion)
- Global Consultation Market, By Region, From 2020 to 2025 (USD Billion)
- Global Prevention Market, By Region, From 2020 to 2025 (USD Billion)
- Global Mobile Health Market, By Application, From 2020 to 2025 (USD Billion)
- Global Weight Loss Market, By Region, From 2020 to 2025 (USD Billion)
- Global Women’s Health Market, By Region, From 2020 to 2025 (USD Billion)
- Global Personal Health Record Market, By Region, From 2020 to 2025 (USD Billion)
- Global Medication Market, By Region, From 2020 to 2025 (USD Billion)
- 140+ More
Browse Regional Reports:
- North America mHealth Market
- Europe mHealth Market
- Asia Pacific mHealth Market
- Latin America mHealth Market
- Middle East and Africa mHealth Market
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