According to AMA, the Mobile Health App market will register a CAGR of above 29.03% by 2026. The study covers a detailed analysis segmented by key business segments i.e. by type (Chronic Care Management Apps, Medication Adherence, Women's Health Apps, Nutrition & Diet, Personal Health Record (PHR) Apps, Healthcare and Fitness Apps and Others) , by application (Neurology, Diabetes, Cardiovascular, Respiratory and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mobile Health App market throughout the predicted period.
What is Mobile Health App?
Mobile Health Apps are Health-related mobile applications & technologies, often known as mHealth apps manage the patient experiences. These health mobile apps use refined data analytics & mobile technologies for healthcare professionals to offer their patients best care probable at low cost from convenient locations. The mobile apps help better and easy health management through simple applications such as exercise trackers, diet, and calorie-counting among others. Mobile health apps support medical professionals with management as well as documentation of complete records to increase productivity, communicate findings, and also gives access to information. The benefit of mobile health apps are the development in health outcomes, decrease of error rates although dropping the overall healthcare costs. Mobile solutions can ease out treatment process as well as automate the management system.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Mobile Health App market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- Sanofi S.A. (France)
- Omron healthcare co., ltd. (Japan)
- Koninklijke Philips N.V.(The Netherlands)
- Cisco Systems, Inc. (United States)
- Apple, Inc.(United States)
- Medtronic plc (Ireland)
- Biotelemetry, Inc. (United States)
- Nike Inc.(United States)
- AT&T, Inc.(United States)
- Athenahealth, Inc.(United States)
Strict laws & regulations of the United States (FDA) Food and Drug Administration as well as the European Union regulations about data security are expected to impact the global mobile health apps market over coming years.
Market Trend
Growing use of technology to manage health by consumers
Restraints
- Strict laws and regulations regarding data security
Opportunities
Growing opportunities in developing economies
Key highlights of the Global Mobile Health App market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Mobile Health App market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Mobile Health App market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Mobile Health App Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mobile Health App market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mobile Health App market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Mobile Health App Providers, Government Organisations, Regulatory Bodies, End users, Industry Association and Downstream Vendors.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.