mHealth Applications Market Outlook
The global mHealth applications market is estimated to acquire a size of over USD 100.21 billion while flourishing at a robust CAGR of approximately 32.2% during the review timeframe, says Market Research Future (MRFR).
The mhealth applications market is a promising sector. The global market for mhealth applications has witnessed gigantic growth in recent years. The market’s growth is being driven by the continuous technopolitical developments in the field. Furthermore, the factors such as the growing number of portable and remote innovations, rise in cellular networks, use of innovative technology, transformation in health service areas, and the rising growth of the economy are projected to boost the growth of the mhealth applications market the forecasted timeframe. On the other hand, the lack of trained professionals and concerns regarding the security and confidentiality of the data are projected to impede the market’s growth over the coming years.
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mHealth Applications Market Segment Analysis
The global market for mHealth applications has been fragmented into numerous segments based on end-use, application, platform, and region.
Based on type, the global mHealth apps market is divided into monitoring applications, wellness & prevention, healthcare management, diagnostics & treatment, and education & awareness.
mHealth Applications Market Regional Outlook
The global mHealth apps market is studied across five major regions, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
As per the MRFR reports, the European region is projected to secure the top position in the global market for mHealth applications over the assessment era. The regions such as France, the United Kingdom, and Germany are emerging to be the leading market across the globe.
The mHealth applications market for the Asia-Pacific region is anticipated to register substantial growth over the assessment era. The regional market’s growth is being driven by the growing development of healthcare infrastructure and growing awareness across the region.
The North American region is anticipated to record substantial growth over the assessment era. The launch of sensible apps across the region is projected to boost the demand for these applications across the mHealth apps market.
The mHealth applications market for the Middle East and African region is projected to record evident growth over the forecasted era.
mHealth Applications Market Competitive Landscape
The global mHealth apps market has an incredibly strong landscape. The players in the market are focused on the development of new applications to the mHealth apps market to fulfill the growing demand for innovative technologies across the globe. The growing number of partnerships and mergers are likely to raise the market concentration. The list of prominent players in the global mHealth applications market includes Vivify Health of the United States, Honeywell International Inc. of the United States, Apple Inc. of the United States, iHealth Labs Inc., Agamatrix Inc of the United States, Medtronic Minimised Inc of the United States, Allscripts of United States, and several others.
Recent Developments
Technology giant Amazon is set to make healthcare moves again. The giant has announced the signing of deals with Silicon Labs, Whole Foods Market, and TrueBlue to provide Amazon Care to their employees across the nation. Furthermore, it announced that it would expand its in-person care services to 20 new cities in 2022.
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The services were introduced in 2019 as a virtual care clinic offering telehealth and mHealth services for the firm’s employees in the Seattle area. The giant has gradually developed its healthcare services since establishing in-person offerings alongside telehealth. The brand provides various urgent and primary care services, including prescription delivery, preventive care, treatment of illnesses and injuries, vaccinations, flu testing, and COVID-19.
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