Overview:
mHealth is a sub-segment of eHealth. It stands for mobile health and involves medical practice in public healthcare favour that is supported by mobile devices. The mHealth indicate use of communication mobile devices such as electronic tablets, mobile phones, PDAs as well as wearable devices like smart watches that collect information about healthcare services.
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The global mHealth market was valued at US$ 23.4 Bn in 2019 and is forecast to reach a value of US$ 107.6 Bn by 2027 at a CAGR of 24.4% between 2020 and 2027.
Drivers:
Growing use of smartphones is projected to boost growth of the global mHealth market during the forecast period. For instance, Pew Research Center estimated that the use of smartphone in adults increased from 77% in 2018 to 81% in 2019.
Moreover, rise in the number of chronic diseases is expected to support growth of the mHealth market. For instance, in September 2019, a study released in the journal Diabetes Research and Clinical Practice reported that diabetes is likely to affect 463 million people in 2019 cross the globe and the number is expected to increase to 578 million by 2030 and 700 million by 2045.
The COVID-19 outbreak is likely to boost growth of the global mHealth market. For instance, in June 2020, according to the WHO, 8,860,331 people were registered to be infected with Covid-19, and 465,740 deaths were caused due to the same.
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Furthermore, introduction of new technology such as connected device software is expected to drive growth of the mHealth market. For instance, in May 2019, MedShift introduced 2nd version of its connected device software, which is designed for enhancing manufacturer visibility and device ROI.
Restraints:
Low adoption rate of internet across middle-income countries is expected to hamper growth of the global mHealth market. For instance, in October 2019, as per the Pew Research Center, the use of internet is lowest in Sub-Saharan Africa than any other region. It ranges from maximum 59% in South Africa to 25% in Tanzania.
Furthermore, existing unreliable technology, resistance to change, non-uniformity of teachnologial availability, inadequate education of the end-user and other issues are expected to restrict growth of the mHealth market.
Opportunities:
High internet penetration is expected to create lucrative growth opportunity environment for competitors in the global mHealth market. For instance, as per the China government-backed Market Intelligence & Consulting Institute, the first half of the 2019, 61.2% of internet penetration was observed in China with 854 million people using internet at the end of June 2019.
Furthermore, introduction of 5G internet services is also projected to fuel use of mHealth. For instance, around 45 operators introduced 5G services and more than 40 OEMs will be launching devices in the early 2020.
Major players:
Key players active the global mHealth market are, Apple Inc., Mobistante, Inc., AliveCor, Inc., LifeWatch AG, Jawbone, Omron Corporation, Bio Telemetry Inc., AgaMatrix Inc., Elucid Mhealth, AT&T, Medtronic Inc., Sanofi, Koninklijke Philips N.V, Nike, Inc., Johnson and Johnson, Withings, iHealth Lab Inc., Qualcomm, Cerner Corporation AirStrip Technologies, Inc., and Cisco Inc.
Key Developments:
Key players in the market are focusing on launch of novel products to strengthen their product portfolio. For instance, in April 2018, Oracle Corporation, announced the launch of Oracle Health Sciences mHealth connector cloud service, which is created for supporting clinical study teams to remotely collect data from patient sensors, apps and wearable.
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In September 2019, Elucid Mhealth received the U.S. patent for Pill Connect system, a patient medication adherence system.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service
- Market Snippet, By Application
- Market Snippet, By End User
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Regulatory Scenario
- PEST Analysis
- COVID-19 Impact Analysis
- Market Dynamics
- Global mHealth Market, By Service, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Solutions for patients
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Wellness
- Prevention service
- Monitoring service
- Diagnostic service
- Treatment service
- Information and reference
- Healthcare system strengthening
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Emergency response
- Health care practitioner support
- Healthcare surveillance
- Introduction
- Global mHealth Market, By Application, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- General healthcare and fitness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Medication information
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Remote monitoring, collaboration and consultancy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Healthcare management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Health data and record access
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global mHealth Market, By End User, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Public/Private healthcare institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Physicians
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Healthcare workers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Individuals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global mHealth Market, By Regions, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
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