mHealth Market Size Worth USD 361.67 Billion in 2027
The mHealth Market report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global mHealth market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
The mHealth market has experienced an increase in demand in the past couple of years, due to the surge in the prevalence of smartphones and the advent of advanced technologies in the medical industry. Digital health has emerged as a triumphant venture, attracting several organizations and industries from outside the healthcare domain.
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The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the mHealth market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.
Further key findings
- In September 2020, The University of California and eight other digital health companies will receive approximately USD 23 million in federal funding. The funding is for the development of mHealth and telehealth platforms that address the SARS-COV-2 pandemic.
- mHealth helps healthcare providers move seamlessly between patients without having to go back to a work station or office. The use of these apps among patients is estimated to grow at a CAGR of 32.9% during the forecast period.
- Modern technology has helped in the development of methods and tools to enable people to stay in shape and also maintain a healthy lifestyle. With people becoming more aware of the benefits of exercise and diet, wearable technology and fitness apps are becoming highly popular. Wearable devices are forecast to grow at a CAGR of 32.5% during the forecast period.
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The Global mHealth Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold. The leading market contenders listed in the report are as follows:
mQure, AT&T, Allscripts Healthcare Solutions, Omron Healthcare Inc., Apple Inc., Samsung Electronics Corporation, Bayer Healthcare, Philips Healthcare, Cardionet Inc., and LifeWatch AG, among others.
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Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global mHealth Market added by Emergen Research demonstrates that the global mHealth market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the mHealth market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the 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
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