Mhealth Market Scope
mHealth being one of the eHealth aspects is getting advanced in acquiring, transporting, storing, processing and securing raw & processed data to deliver meaningful results. The rapid rise in the incidence of the chronic diseases as well as the advancing technologies in the mobile health apps has delivered information of personal healthcare on the regular basis which is one of the major factor fuelling the mHealth market. Mobile Health (mHealth) is a general term used for mobile health, which provides assistance to public health using smart devices such as; mobile phones, tablet computers & PDAs, and wearable devices such as smartwatches. It helps in educating consumers about preventive health care services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Omron Corporation (United States), Apple, Inc. (United States), AirStrip Technologies (United States), AliveCor, Inc. (United States), BioTelemetry Inc. (United States), athenahealth, Inc. (United States), AgaMatrix, Inc. (United States), iHealth Lab, Inc. (United States), AT&T (United States), Cerner Corporation (United States), Cisco Systems, Inc. (United States), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), LifeWatch AG (Switzerland), Nokia Corporation (Finland) and Johnson & Johnson (United States) |
CAGR | 25.4% |
"According to AMA, the Global Mhealth market is expected to see growth rate of 25.4% and may see market size of USD151.48 Million by 2030." Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Mhealth market throughout the predicted period.
Omron Corporation (United States), Apple, Inc. (United States), AirStrip Technologies (United States), AliveCor, Inc. (United States), BioTelemetry Inc. (United States), athenahealth, Inc. (United States), AgaMatrix, Inc. (United States), iHealth Lab, Inc. (United States), AT&T (United States), Cerner Corporation (United States), Cisco Systems, Inc. (United States), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), LifeWatch AG (Switzerland), Nokia Corporation (Finland) and Johnson & Johnson (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Diversinet Corporation (Canada) and Withings (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mhealth market by Type , by Application (Cardiovascular Diseases, Diabetes, Respiratory Diseases, Neurological Diseases and Others) and Region with country level break-up.
On the basis of geography, the market of Mhealth has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2017, Johnson & Johnson an American multinational medical devices, pharmaceutical and consumer packaged goods manufacturing company acquired the Actelion
In September , 2021 - Mount Sinai Health System has introduced a new mHealth app to improve patient data access, enhance patient-provider communication, and create a centralized platform for all patient healthcare needs.
According to the United Nation Department of Economic and Social Affairs (UNDESA), world population ageing 2017 report, in North America, the population of people aged 60 years or above was approximately 78.4 million in 2017, and the number is estimated to reach 122.8 billion by 2050.
Influencing Trend:
Advancement in Technology of Connected Devices and mHealth App with Rise in use of Wearable Health Technology, Growing Application of Cloud-Based mHealth Solution and Remote monitoring and Growing Focus on Consumer- Centric Mobility Solutions
Market Growth Drivers:
Rising Use of Mobile phones, Tablets, Smart Phones and other Mobile Platform, Cost Containment of Healthcare Delivery, Rising Focus on Patient-Centric Healthcare Delivery and Increasing Consumption of Connected Devices and mHealth Apps for the Management of Chronic Diseases
Challenges:
Difficulties in Finding mHealth Apps in Stores and Patent Protection for mHealth Devices and Applications
Restraints:
Lack of Standards and Regulations, Increasing Concerns Regarding Health care Fraud And Data Theft which Require Data Security and Lack of guidance from Physicians while Selecting Apps
Opportunities:
Rising Incidence of Lifestyle Disorders and Growing Adoption of mHealth Solutions
Key Target Audience
Healthcare Application Developers, Medical Device Vendors, Mobile Network Providers, Connectivity Providers, Mobile Platform Developers, Insurance Providers (Payers), Healthcare Institutions (Hospitals, Medical Schools, And Outpatient Clinics), Research And Consulting Firms, Research Institutes, Contract Research Organizations (Cros), Contract Manufacturing Organizations (Cmos) and Venture Capitalists