SEATTLE, June 21, 2021, (MEDGADGET) —Mobile health apps are primarily used for cardiac monitoring and fitness tracking for providing better patient care. Mobile solutions for healthcare make treatment processes easy and automate the entire management solution. Moreover, it also enables the discharge of data, information, and manpower. Introduction of mHealth apps and solutions have led the healthcare solutions market to expand its reach from hospitals to primary care and office space.
The mobile health apps segment is projected to grow at an impressive double-digit CAGR over the forecast period (2016–2024), creating new market opportunities for the players worldwide.
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Introduction of smartphones fueling the growth of mobile health apps and solutions market
Over 600 million people are expected to use mobile healthcare apps by 2017, creating a highly lucrative market opportunity for healthcare players. The industry is projected to be mainly driven by rising healthcare expenditure and changing the lifestyle of consumers. Moreover, advancements in computing ability of mobile devices would bridge the gap between a patient’s expectations and treatment delivered.
Though the industry is set to grow at a robust rate, lack of collaborations among healthcare service providers and low healthcare apps utilities awareness among the masses are major industry pitfalls.
Mobile Health Apps and Solutions Market Taxonomy:
Coherent Market Insights has segmented the mobile health apps and solutions market based on the following:
- Operating System
- Product Type
- Therapeutic Application
Tailored Information as per niche requirement:
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Based on the operating system, the iOS mHealth app is expected to dominate the market in 2015. However, the segment is expected to lose major market share to android app segment by 2024.
Among device segments, smartphones are expected to dominate the market, followed closely by tablets through 2024. Tablets are expected to be most prominent in developed regions.
Emerging connected and integrated healthcare solutions are further expected to foster North America and Europe markets
The mobile health apps and solutions market report cover market analysis across regions namely North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Geographically, Europe followed closely by North America is expected to dominate the market throughout the forecast period. The presence of leading mHealth service providers, along with the wide availability of high-quality healthcare amenities, and increased healthcare awareness is projected to bolster market growth.
The market in the Asia Pacific is growing at the fastest rate, driven primarily by growing demand in China and India. China and India account for over 36% of the global population, creating a lucrative market opportunity for players in the long run. Markets in Latin America, the Middle East, and Africa are expected to grow at a relatively sluggish rate, with upward growth traction expected in the mid of the forecast period.
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Major players in the mobile health apps and solutions market include Runtastic, Nike, MyFitnessPal, Azumio, GP Apps, Pacer Health, Kinosis, GoodRX, Leafly, and Epocrates.
- The growing use of digital health records by healthcare professionals is expected to boost the market. For instance, Royal Philips, in India’s findings of the 15-country Future Health Index (FHI) 2019 report stated that 76% of healthcare professionals in India use digital health records (DHRs).
- Rising initiatives by government bodies to launch mobile health apps are also projected to augment market growth. For instance, in August 2019, the U.S Department of Veteran Affairs released a free mobile app, the VA Launchpad to streamline health care access for veterans and caregivers.
- On the flip side, lack of evidence and concern over the privacy of patient information in mHealth apps is projected to hinder the market growth. For instance, in February 2019, British Medical Journal in the paper ‘Data sharing practices of medicines related apps and the mobile ecosystem: traffic, content, and network analysis’ stated that mHealth apps lack evidence and imperil patient privacy.
Table of Content
Global Mobile Health Apps and Solutions Market Research Report
Section 1: Global Mobile Health Apps and Solutions Industry Overview
Section 2: Global Economic Impact on Mobile Health Apps and Solutions Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Mobile Health Apps and Solutions Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Mobile Health Apps and Solutions Market Forecast
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