mHealth Market Information, By Therapeutics(respiratory, mental and neurological disorders, fitness & lifestyle) By Application(monitoring, diagnosis & treatment, wellness & prevention) – Forecast to 2022
Leading Market Players
Allscripts, Agamatrix, Inc., Medtronic MiniMed, Inc., Honeywell International Inc., Vivify Health, iHealth Labs Inc., and Apple Inc. are some of the key players operational in the global mHealth applications market.
The global market for mHealth applications is depending on a thrust that can be provided by the IT sector in the coming years. The growth, as discussed by Market Research Future (MRFR), can reach a valuation of USD 100.2 Bn by 2023. MRFR considers 2016 to 2023 as the forecast period where the growth for the market would be substantial. Growing demand for mHealth is winning traction from sectors like transforming face of the traditional medical practices, creation of the path for better healthcare in the future, and others. Growing inclusion of better internet facilities, Bluetooth, and Wi-fi can inspire better growth for the market.
The global mHealth applications market report is segmented by type.
By drug type, it is segmented into wellness & prevention, education & awareness, diagnosis & treatment, monitoring applications, and healthcare management. Monitoring applications held close to 53.8% market share in 2016. This can be attributed to alarming levels of diabetes, obesity, and cardiovascular diseases which need to be controlled. In addition, demand for disease management in rural areas can drive the segment growth in the coming years.
North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW) are the regions being considered for the basis of the report.
Europe has the lead in the global mHealth applications market owing to efforts taken by various healthcare developers in extending the research of chronic diseases. Prevalence of rare diseases as well as the capacity of wearables to record information assisted pharma companies in improving their outcomes at a rapid pace.
The APAC region is the second-largest in terms of revenue in the market. This can be attributed to consolidation among hospital chains as well as efforts to lower patient burden on hospital staff. In addition, policies for digitization of hospital data and approval of mHealth applications by doctors and physicians can bolster the market growth. The region can exhibit 33.7% CAGR during the forecast period.
TABLE OF CONTENT
3 MARKET OVERVIEW
3.2 MARKET DYNAMICS
3.2.1 MARKET DRIVERS
126.96.36.199 Patients Involvement In Personal Healthcare
188.8.131.52 Proliferation Of Smartphones And Wearable Devices Into Healthcare
184.108.40.206 Integration Of Wireless Technologies With Portable Healthcare Devices
220.127.116.11 Introduction Of Connected Healthcare Solutions In The MHealth Market
18.104.22.168 Benefits Of Cost Effectiveness And Patients’ Convenience
22.214.171.124 Increase In Lifestyle Disease
3.2.2 MARKET CHALLENGES
126.96.36.199 Low Rate Of Literacy And Language Barriers In Low- And Middle-Income Countries (LMICs)
188.8.131.52 Invasion Of Privacy
184.108.40.206.1 Security Breach Cases
220.127.116.11.2 Potential Risk Of Hardware Or Software Failure
18.104.22.168.3 Stringent Regulations And Standards
22.214.171.124.4 Lack Of Awareness About The Possible Applications Of MHealth
3.2.3 MARKET OPPORTUNITIES
126.96.36.199 Partnership: An Entry Mode
188.8.131.52 Introduction Of MHealth In Developing Economies
COLLECT DETAILED REPORT INFORMATION @ https://www.marketresearchfuture.com/reports/mobile-health-market-1816
June 2019: University of Washington’s researchers are coming up with a mHealth app which will integrate with various digital platforms such as Google Home or Amazon Alexa and monitor the breathing patterns of a user during sleep for the evidence of a cardiac arrest. This digital health tool will use artificial intelligence technology.
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