Mobile Health Apps and Solutions (MHAS) Market Overview:
The widespread usage of mobile devices has given the healthcare sector a completely new and powerful dimension, enabling end users to access solutions in an incredibly simple way regardless of their location. The introduction of mHealth apps and solutions has caused the market for healthcare solutions to diversify from hospitals to include primary care and office settings. The industry is seeing an inflow of different start-ups entering the market, which is creating intense rivalry.
Over the projection period from 2016 to 2024, the market for mobile health apps is anticipated to expand at an exceptional double-digit CAGR, offering new business opportunities to competitors around the world.
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Increase of smartphones driving the growth of the market of mobile health apps and solutions
By 2017, it’s anticipated that more than 600 million individuals will use mobile healthcare apps, opening up a highly profitable market for healthcare providers. The business is anticipated to be primarily driven by rising healthcare costs and changing consumer lifestyles. Improvements in mobile computing capabilities would close the gap between patient expectations and treatment outcomes. It is believed that technology makes high-quality healthcare possible.
The business is expected to expand rapidly, but there are significant industry problems, including a lack of collaboration among healthcare service providers and limited public awareness of healthcare app utilities.
Market Taxonomy of Mobile Health Apps and Solutions:
The market of MHAS (mobile health apps and solutions) has been segmented by Coherent Market Insights based on:
- Operating System
- Therapeutic Application
- Product Type
According to operating system, iOS mHealth apps are anticipated to rule the industry in the year 2015. By 2024, the segment is anticipated to lose a significant amount of market share to the android app segment.
By 2024, tablets are anticipated to be the market leader among device categories, closely followed by smartphones. The developed world is predicted to have the highest prevalence of tablets.
Advent of connected and combined healthcare solutions boosting growth of North America and Europe markets
The market study on mobile health apps and solutions examines the markets in North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.
Based on the geographic regions, North America and Europe are anticipated to control the market throughout the entire projection period. Leading mHealth service providers’ presence, widespread accessibility to high-quality healthcare services, and growing public awareness of healthcare issues are anticipated to support market expansion.
Asia Pacific is the region with the quickest market growth, mostly due to increasing demand in China and India. With more than 36% of the world’s population living in China and India, there will be profitable market opportunities in the future. Markets in Latin America, Africa and the Middle East are anticipated to expand slowly, with upward growth momentum beginning to be anticipated in the middle of the forecast period.
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Market for Mobile Health Apps and Solutions – Competitive Landscape:
The main market players for the market of MHAS (mobile health apps and solutions) are Runtastic, Nike, MyFitnessPal, Azumio, GP Apps, Pacer Health, Kinosis, GoodRX, Leafly, and Epocrates.
Market for Mobile Health Apps and Solutions – Key Developments
The market is anticipated to grow as healthcare practitioners use digital health records more frequently. For example, Royal Philips in India found that 76% of healthcare practitioners in India use digital health records in the 15-country Future Health Index (FHI) 2019 report (DHRs).
It is also anticipated that further government attempts to release mobile health apps will spur industry expansion. For example, the VA Launchpad, a free smartphone app, was made available in August 2019 by the US Department of Veteran Affairs to make it easier for veterans and their families to receive healthcare.
However, it is anticipated that the absence of data and threats to patient privacy in mHealth apps will restrain market expansion. For example, the British Medical Journal reported in February 2019 that mHealth apps lack proof and endanger patient privacy in the publication “Data sharing practices of medicines related apps and the mobile ecosystem: traffic, content, and network analysis.”
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Mobile Health Apps and Solutions Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Mobile Health Apps and Solutions Industry Impact
Chapter 2 Global Mobile Health Apps and Solutions Competition by Types, Applications, and Top Regions and Countries
2.1 Global Mobile Health Apps and Solutions (Volume and Value) by Type
2.3 Global Mobile Health Apps and Solutions (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Mobile Health Apps and Solutions Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 North America Mobile Health Apps and Solutions Market Analysis
Chapter 6 East Asia Mobile Health Apps and Solutions Market Analysis
Chapter 7 Europe Mobile Health Apps and Solutions Market Analysis
Chapter 8 South Asia Mobile Health Apps and Solutions Market Analysis
Chapter 9 Southeast Asia Mobile Health Apps and Solutions Market Analysis
Chapter 10 Middle East Mobile Health Apps and Solutions Market Analysis
Chapter 11 Africa Mobile Health Apps and Solutions Market Analysis
Chapter 12 Oceania Mobile Health Apps and Solutions Market Analysis
Chapter 13 South America Mobile Health Apps and Solutions Market Analysis
Chapter 14 Company Profiles and Key Figures in Mobile Health Apps and Solutions Business
Chapter 15 Global Mobile Health Apps and Solutions Market Forecast (2023-2030)
Chapter 16 Conclusions
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