MHealth App Market Scope
MHealth (mobile health) is a broad term for the use of mobile phones and other wireless technology in medical care. The most common application of MHealth is the use of mobile devices to educate consumers about preventive healthcare services. However, MHealth is also used for disease surveillance, treatment support, epidemic outbreak tracking, and chronic disease management. Owing to the low density of physicians, the demand for MHealth application has surged across the globe. The penetration of smartphones across the globe is one of the major reason to use the MHealth application on consumers end.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Omron Corporation (Japan), Airstrip Technologies, Inc. (United States), Diversinet Corp. (Canada), Philips Healthcare (Netherland), Qualcomm (United States), Johnson and Johnson (United States), AstraZeneca PLC (United Kingdom), Roche (Switzerland), Novartis (Switzerland), Bristol-Myers Squibb (United States), GlaxoSmithKline PLC (United Kingdom), Pfizer (United States) and Sanofi (France) |
CAGR | 42.2% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global MHealth App market throughout the predicted period.
Omron Corporation (Japan), Airstrip Technologies, Inc. (United States), Diversinet Corp. (Canada), Philips Healthcare (Netherland), Qualcomm (United States), Johnson and Johnson (United States), AstraZeneca PLC (United Kingdom), Roche (Switzerland), Novartis (Switzerland), Bristol-Myers Squibb (United States), GlaxoSmithKline PLC (United Kingdom), Pfizer (United States) and Sanofi (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Hoffmann-La Roche AG (Switzerland) and Merck and Co. (United States).
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 App market by Type and Region with country level break-up.
On the basis of geography, the market of MHealth App 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2020, Teladoc health announced completed merger with livongo the milestone marks the completion of the most significant blending of caplities and talent in the history of the digital health.
In April 2018, Novartis has launched FocalView app, an ophthalmic digital research platform created with ResearchKit. This app is designed to collect data directly from patients in order to track disease protection and allow them to participate in ophthalmology clinical trials from home.
Influencing Trend:
Robust Penetration of 3G and 4G Networks for Uninterrupted Healthcare Services and Rising Focus on Patient-Centric Healthcare Delivery
Market Growth Drivers:
Increasing Penetration of Smartphones, Tablets, and Other Mobile Platforms, Increasing Utilization of Connected Devices and mHealth Apps for the Management of Chronic Diseases and Cost Containment in Healthcare Delivery
Challenges:
Difficulties in finding mHealth Apps on Android or Apple Stores, Patent Protection for mHealth Devices and Applications and Lack of Data Security Giving Rise to Concerns Regarding Data Theft and Healthcare Fraud
Restraints:
Lack of Standards and Regulations as Well as Paucity of Reimbursements, Low Guidance from Physicians in Selecting Apps and Resistance from Traditional Healthcare Providers
Opportunities:
Increasing Incidence of Lifestyle Disorders and Low Physician Density Creates Platforms for Greater Adoption of mHealth Apps in Developing Countries
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