Allied Market Research recently published a report, titled, “mHealth Market by Type (mHealth Devices and mHealth Services), Stakeholders (Mobile Operators, Device Vendors, Healthcare Providers, and Content Players), and Application (Cardiovascular Diseases, Diabetes, Respiratory diseases, Neurological Disorders, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the analyst of AMR, the global mHealth market generated $46.04 billion in 2019, and is estimated to garner $230.41 billion by 2027, growing at a CAGR of 22.3% from 2020 to 2027.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/77
mHealth Market Overview:
Increase in prevalence of lifestyle disorders, integration of portable healthcare devices and wireless technologies, and favorable government initiatives drive the growth of the global mHealth market. However, unavailability of standard reimbursement policies along with lack of technological awareness regarding geriatric population hinder the market growth. On the other hand, potential for growth in untapped geographies create new opportunities in the coming years.
mHealth Market Segmentation:
The cardiovascular diseases segment to continue its lead status during the forecast period
Based on application, the cardiovascular diseases segment accounted for more than half of the global mHealth market in 2019, and is expected to continue its lead status throughout the forecast period. This is due to surge in prevalence of cardiovascular diseases worldwide and increase in adoption of mHealth services to manage such medical conditions. However, the neurological diseases segment would register the fastest CAGR of 23.9% from 2020 to 2027, owing to increased focus of key players on the launch of novel and advanced mHealth devices to manage neurological conditions.
The mHealth services segment to maintain its highest contribution by 2026
Based on type, the mHealth services segment accounted for the highest market share in 2019, contributing to more than three-fifths of the global mHealth market, and is estimated to maintain its highest contribution throughout the forecast period. This is due to technological advancements in the healthcare sector and prevalence of chronic diseases. However, the mHealth devices segment is expected to witness the largest CAGR of 23.8% from 2020 to 2027. This is attributed to increase in awareness regarding early detection and monitoring of chronic diseases including hypertension and diabetes.
North America to maintain its dominant position throughout the forecast period
Based on region, North America held nearly two-fifths of the global mHealth market in 2019, and is estimated to maintain its dominant position throughout the forecast period. This is due to rise in awareness about the need to frequent monitoring of symptoms of chronic diseases to gain optimum treatment outcomes. However, Asia-Pacific is expected to contribute to the fastest CAGR of 25.7% from 2020 to 2027, owing to surge in mHealth application with huge population suffering from chronic diseases such as diabetes and hypertension.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/77
mHealth Market: By Region Outlook
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the mHealth Market Report:
What is the mHealth market size and growth?
What are the prominent and latest trends impacting the market?
Which is the largest regional market for mHealth?
Key market players discussed in the mHealth Market report include Bayer Healthcare., Boston Scientific Corporation, Dexcom, Inc., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Omron Corporation, Samsung Group, and Sanofi.
Top Trending Report:-
Companion Diagnostic Market Size, Share & Growth Outlook 2022-2030
Regenerative Medicine Market Size, Share & Growth Outlook 2022-2030
Wearable Patch Market Size, Share & Growth Outlook 2022-2030
Dental Implants and Prosthetics Market Size, Share & Growth Outlook 2022-2030
IVF Devices and Consumables Market Size, Share & Growth Outlook 2022-2030
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
“We have also published few syndicated market studies in the similar area that might be of your interest.”
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.