mHealth Market Information, By Therapeutics (respiratory, mental and neurological disorders, fitness & lifestyle) Application (monitoring, diagnosis & treatment, wellness & prevention) – Forecast to 2030
mHealth market was valued USD 47.5 million in 2021 and is expected to reach USD 123.6 billion by 2030 at 11.3% CAGR during the forecast period 2022-2030. mHealth is defined as a separate branch of eHealth that handles patient data collection. This patient data is collected via wireless electronic means such as mobile phones, wearables, and other mHealth devices. In addition, the collected patient data is stored remotely in the cloud using the mHealth application.
mHealth refers to the use of mobile and wireless technologies to support the delivery of health services and improve health outcomes. The mHealth market encompasses a wide range of products and services, including mobile health apps, wearable devices, telemedicine solutions, and remote monitoring systems. These technologies aim to make health services more accessible, convenient, and cost-effective, enabling people to manage their health and wellness more effectively. The market for mHealth is expected to continue growing as more people adopt mobile technology and the demand for remote healthcare solutions increases.
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The COVID-19 pandemic has had a significant impact on the mHealth market. The sudden and widespread outbreak of the virus led to a significant increase in the demand for telemedicine and remote patient monitoring solutions, as people tried to minimize their exposure to the virus.
The pandemic has also accelerated the adoption of mHealth technologies, as healthcare systems and providers look for ways to continue delivering care while minimizing the risk of virus transmission.
The mhealth market has been segmented into therapeutics and application.
Based on the therapeutics, the market has been segmented into Respiratory, Mental and Neurological disorders and Fitness and lifestyle.
Based on the application, the market has been segmented into Monitoring, Diagnosis and treatment and wellness and prevention.
mHealth Market Key Players
Some of the key market players:
- Bayer healthcare
- Medtronic plc
- Samsung Group
- Omron Corporation
- Boston Scientific Corporation
- Johnson and Johnson
- Koninklijke Philips N.V.
- Masimo Corporation
North America is currently the largest regions for the mHealth market. There are several factors that contribute to North America’s dominance in the market of mHealth. The region has a high level of healthcare expenditure, a large and aging population, and a high level of technological advancement, which have all played a role in driving the growth of the mHealth market.
The US is the largest market for mHealth in North America, accounting for a significant share of the global market of mHealth. The country has a well-established healthcare system, a large and technologically savvy population, and a supportive regulatory environment, which have all contributed to the market growth of the mHealth.
Browse In-depth Market Research Report (90 Pages) on mHealth: https://www.marketresearchfuture.com/reports/mobile-health-market-1816
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