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mHealth Applications Market Growth 2020, Innovation, Increasing Digitalization, Dynamics, Specification, Business Opportunities by Forecast 2022

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.

Overview:

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.

Segmentation Analysis

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.

Regional Analysis

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

3.1 INTRODUCTION

3.2 MARKET DYNAMICS

3.2.1 MARKET DRIVERS

3.2.1.1 Patients Involvement In Personal Healthcare

3.2.1.2 Proliferation Of Smartphones And Wearable Devices Into Healthcare

3.2.1.3 Integration Of Wireless Technologies With Portable Healthcare Devices

3.2.1.4 Introduction Of Connected Healthcare Solutions In The MHealth Market

3.2.1.5 Benefits Of Cost Effectiveness And Patients’ Convenience

3.2.1.6 Increase In Lifestyle Disease

3.2.2 MARKET CHALLENGES

3.2.2.1 Low Rate Of Literacy And Language Barriers In Low- And Middle-Income Countries (LMICs)

3.2.2.2 Invasion Of Privacy

3.2.2.2.1 Security Breach Cases

3.2.2.2.2 Potential Risk Of Hardware Or Software Failure

3.2.2.2.3 Stringent Regulations And Standards

3.2.2.2.4 Lack Of Awareness About The Possible Applications Of MHealth

3.2.3 MARKET OPPORTUNITIES

3.2.3.1 Partnership: An Entry Mode

3.2.3.2 Introduction Of MHealth In Developing Economies

CONTINUED..

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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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.