High focus on improving personal health and fitness, increasing investments for developing mHealth apps and devices with enhanced features are key factors expected to drive market revenue growth
Emergen Research has published its latest report titled, “mHealth Market By Platform (Mobile Apps, Wearable Devices), By Application (Education and Awareness, Disease and Epidemic Outbreak Tracking, Communication and Training, Diagnostics and Treatment, Remote Data Collection, Remote Monitoring, Others), By End Use, and By Region Forecasts to 2027”
According to Emergen Research, the global mHealth market size was USD 40.90 billion in 2019 and is expected to reach USD 361.67 billion in 2027 and register a robust revenue CAGR of 32.8% during the forecast period, 2020-2027.
mHealth, also known as mobile health is a diverse branch of eHealth that refers to practice of medicine and public health through mobile devices, tablets, and other smart devices. It focuses on obtaining, storing, and analyzing information in order to offer immediate medical assistance, diagnose illnesses and diseases tracking. mHealth technology is widely used by healthcare professionals, healthcare providers, and patients for various purposes including remote monitoring, remote data collection, diagnostics and treatment, communication, and training among others. mHealth is also used for epidemic outbreak and disease tracking and education and awareness in healthcare centers and to provide medical help in remote areas. This technology is rapidly gaining traction owing to high adoption of digitalization in the healthcare sector, technological innovations, and high penetration of internet services and smartphones.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/55
Market revenue growth is significantly driven by factors such as rising prevalence of various chronic diseases and lifestyle associated disorders such as diabetes, cancer, and cardiovascular diseases across the globe, growing elderly population, increasing adoption of smart devices and wearable devices, and rising healthcare spending. In addition, favorable government initiatives, rising focus on cost-saving in healthcare delivery, and increasing adoption of telehealth and remote monitoring services are expected to fuel market growth going ahead. However, lack of technical knowledge about mHealth apps among the elderly population, unfavorable reimbursement policies, and rising risks of data thefts and frauds are expected to hamper overall market growth during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Mobile Apps Segment to Account for Largest Revenue Share:
The mobile apps segment is expected to account for largest revenue share between 2020 and 2027 owing to increasing penetration of internet and smart devices, availability of various health management and fitness apps, and high adoption of mobile health apps by patients, caregivers, and healthcare professionals. Increasing geriatric population and increasing adoption of remote monitoring are other factors expected to drive revenue growth of the segment going ahead.
Remote Monitoring Segment to Register Significant Revenue Growth:
The remote monitoring segment is expected to register significant revenue growth over the forecast period owing to increasing prevalence of chronic diseases across the globe, high usage of mHealth apps for patient monitoring during COVID-19 pandemic, and increasing adoption of point of care settings.
Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/55
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share over the forecast period attributable to rising incidence of chronic diseases, increasing adoption of latest technologies, and high usage of mobile healthcare applications. Other factors such as high penetration of smartphones and internet, increasing geriatric population, high adoption of telehealth services, and increasing demand for remote monitoring are expected to boost North America market growth during the forecast period.
Major Companies in the Market Include:
- Allscripts Healthcare Solutions
- Omron Healthcare Inc.
- Apple Inc.
- Samsung Electronics Corporation
- Bayer Healthcare
- Philips Healthcare
- CardioNet Inc.
- LifeWatch AG
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/mhealth-market
For the purpose of this report, Emergen Research has segmented the global mHealth market on the basis of platform, application, end use, and region:
Platform Outlook (Revenue, USD Billion; 2017-2027)
- Mobile Apps
- Wearable Devices
Application Outlook (Revenue, USD Billion; 2017-2027)
- Education and Awareness
- Disease and Epidemic Outbreak Tracking
- Communication and Training
- Diagnostics and Treatment
- Remote Data Collection
- Remote Monitoring
End Use Outlook (Revenue, USD Billion; 2017-2027)
- Research Centers
- Insurance Companies
- Biopharmaceutical Companies
- Tech Companies
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Explore Similar Reports offered by Emergen Research:
The global nutrigenomics market size reached USD 389.4 Million in 2020 and is expected to register a CAGR of 16.2% during the forecast period.
The global Sanger sequencing services market size was significantly robust in 2020 and is expected to register steady revenue CAGR over the forecast period. Increasing advancements in sequencing techniques, benefits of Sanger sequencing, and rising investments to accelerate R&D activities in genomics are key factors expected to drive market revenue growth over the forecast period.
The global whole exome sequencing (WES) market size was significantly robust in 2020 and is expected to register a steady revenue CAGR during the forecast period.
The global health data archiving market size is expected to reach USD 9.28 Billion in 2028 and register a revenue CAGR of 14.1% during the forecast period.
The global gel documentation system market size reached USD 291.5 Million in 2020 and is expected to register a revenue CAGR of 3.6% during the forecast period.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Visit for More Insights: https://www.emergenresearch.com/insights
Read Our Press release@ https://www.emergenresearch.com/press-release/global-mhealth-market