Global Mobile Health (mhealth) Market, By Product and Service (Connected Medical Devices and Other Connected Medical Devices), mHealth apps (Healthcare Apps and Medication Management Apps), Medical Apps (Medical Reference Apps, Continuing Medical Education Apps, Patient Management and Monitoring Apps and Communication and Consulting Apps), mHealth Services (Remote Monitoring Services, Diagnosis and Consultation Services, Treatment Services, Healthcare System Strengthening Services, Fitness and Wellness Services and Prevention Services), Industry Trends and Forecast to 2029
Market Analysis and Insights
The number of internet applications in healthcare has grown exponentially in recent years. The internet has connected all points in healthcare administration/services, resulting in the creation of a separate network for healthcare known as the Internet of Things (IoT). Healthcare professionals can deliver health information to consumers more conveniently, in less time, and at a lower cost with the help of the internet.
Mobile health (mhealth) market is expected to gain market growth at a potential rate of 35.18% in the forecast period of 2020 to 2029 and would reach an estimated value of 230.33 billion by the end of the forecast period. Increased penetration of smartphones, tablets, and other similar devices, rising technological advancements in internet connectivity to provide uninterrupted healthcare services, and rising prevalence of chronic and other infectious diseases are the major factors driving the mHealth market's growth.
Market Definition
MHealth is defined as a diverse branch of eHealth that deals with patient data collection. This patient-related data is gathered using wireless electronic devices such as mobile phones, wearable devices, and other mHealth devices. Furthermore, using a mHealth application, the collected patient data is stored on a remote cloud.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product and Service (Connected Medical Devices and Other Connected Medical Devices), mHealth apps (Healthcare Apps and Medication Management Apps), Medical Apps (Medical Reference Apps, Continuing Medical Education Apps, Patient Management and Monitoring Apps and Communication and Consulting Apps), mHealth Services (Remote Monitoring Services, Diagnosis and Consultation Services, Treatment Services, Healthcare System Strengthening Services, Fitness and Wellness Services and Prevention Services),
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa
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Market Players Covered
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Koninklijke Philips N.V. (Netherlands), Abbott (US), Medtronic (Ireland), Johnson & Johnson Private Limited (US), Apple, Inc. (US), AirStrip Technologies Inc. (US), AliveCor India (US), Nike, Inc. (US), Omron Corporation (Japan), BioTelemetry, a Philips Company (US), athenahealth, Inc. (US), AgaMatrix (US), Withings (France), iHealth Labs, Inc. (US), Cerner Corporation (US), ZTE Corporation (China), Nokia (Finland), Cisco Systems, Inc. (US), AT&T Intellectual Property (US), Qualcomm Technologies, Inc. (US)
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Mobile health (mhealth) Market Dynamics
Drivers
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Rise in the adoption of health apps
Increased adoption of connected devices and mHealth apps for the management of chronic and infectious diseases is propelling market growth forward. One of the major factors driving the growth of the mHealth market is the advancement of advanced mobile solutions
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Increasing patient centric emphasis and healthcare delivery
Increased emphasis on patient-centric healthcare delivery, combined with a focus on cost containment in the healthcare sector, will create even more lucrative market growth opportunities.
Opportunities
.The rise in the prevalence of lifestyle disorders, the integration of wireless technologies with portable healthcare devices, technological innovations, and favourable government initiatives are the major factors driving the growth of the mHealth market. Furthermore, the affordability of smartphones and the increased adoption of mHealth among medical professionals drive the growth of the mobile health market.
Restraints/Challenges
The lack of standards and regulations will impede market growth. Resistance from traditional healthcare providers will exacerbate market growth challenges.
This mobile health (mhealth) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mobile health (mhealth) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Mobile Health (mhealth) Market
The COVID-19 pandemic is expected to have a relatively positive impact on the overall market. In order to prevent the spread of infection and protect front-line workers and patients alike, mobile health has emerged as a new saviour. Mobile health solutions, primarily via smartphones and remote monitoring, have become a lifeline for consultation. The main reason for this is that many healthcare professionals use a two-way approach to treating patients. As a result, rising COVID-19 cases are expected to boost the mobile health industry in the short term. In the long run, this situation will result in the acceleration and widespread adoption of digital solutions, particularlythose with remote care components.
Recent Developments
- Philips acquired BioTelemetry Inc., a leading provider of remote cardiac diagnostics and monitoring services in the United States, in February 2021.
- The Dedalus Group announced an agreement to acquire DXC Technology's healthcare software solutions division in May 2020.
Global Mobile Health (mhealth) Market Scope
The mobile health (mhealth) market is segmented on the basis of product and service, mHealth apps, medical apps and mHealth services.. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product and Service
- Connected medical devices
- Other connected medical devices
Based on product and service, the mHealth market is segmented into connected medical devices and other connected medical devices. Connected medical devices segment is further sub-segmented into vital signs monitoring devices, peak flow meters, foetal monitoring devices, multi-parameter trackers, sleep apnoea monitors and neurological monitoring devices. Vital signs monitoring devices segment is further bifurcated into blood pressure monitors, blood glucose meters, ECG/heart rate monitors and pulse oximeters.
M health apps
- Healthcare apps
- Medication management apps
On the basis of mHealth apps, the mHealth market is classified into healthcare apps and medication management apps. Healthcare apps segment is further sub-segmented into general health and fitness apps, chronic care management apps, mental health and behavioural disorder management apps, diabetes management apps, blood pressure and ECG monitoring apps, cancer management apps and other chronic care management apps. General health and fitness apps segment is further bifurcated into health tracking apps, obesity and weight management apps and fitness and nutrition apps. Medication management apps is sub-segmented into women’s health apps, personal health record apps and other healthcare apps. Women’s health apps segment is sub-segmented into pregnancy apps, fertility apps, breastfeeding apps and other women’s health apps.
Medical apps
- Medical reference apps
- Continuing medical education apps
- Patient management and monitoring apps
- Communication and consulting apps
On the basis of medical apps, the mHealth market is classified into medical reference apps, continuing medical education apps, patient management and monitoring apps and communication and consulting apps.
Mhealth services
- Remote monitoring services
- Diagnosis and consultation services
- Treatment services
- Healthcare system strengthening services
- Fitness and wellness services
- Prevention services
On the basis of mHealth services, the mHealth market is classified into remote monitoring services, diagnosis and consultation services, treatment services, healthcare system strengthening services, fitness and wellness services and prevention services.
Mobile Health (mhealth) Market Regional Analysis/Insights
Mobile health (mhealth) market is analysed and market size insights and trends are provided by country, product and service, mHealth apps, medical apps and mHealth services as referenced above.
The countries covered in the mobile health (mhealth) market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Due to the rising prevalence of chronic diseases, North America dominates the mHealth market. Asia-Pacific, on the other hand, is expected to grow at the fastest rate during the forecast period, owing to rising smartphone and internet penetration.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobile Health (mhealth) Market Share Analysis
The Mobile health (mhealth) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Mobile health (mhealth) market.
Some of the major players operating in the mobile health (mhealth) market are
- Koninklijke Philips N.V. (Netherlands)
- Abbott (US)
- Medtronic (Ireland)
- Johnson & Johnson Private Limited (US)
- Apple, Inc. (US)
- AirStrip Technologies Inc. (US)
- AliveCor India (US)
- Omron Corporation (Japan)
- BioTelemetry, a Philips Company (US)
- athenahealth, Inc. (US)
- AgaMatrix (US)
- Withings (France)
- iHealth Labs, Inc. (US)
- Cerner Corporation (US)
- ZTE Corporation (China)
- Nokia (Finland)
- Cisco Systems, Inc. (US)
- AT&T Intellectual Property (US)
- Qualcomm Technologies, Inc. (US)
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