Industry Background:
Growing geriatric population, increasing prevalence of chronic diseases, and growing penetration of smartphones and internet connections will help to boost global consumer mhealth market in the forecasted period. Consumer mHealth is the practice of medicine and consumer health by using mobile devices. The consumer mHealth uses mobile and wireless technologies to generate data on a person’s daily environment, biology, and physiology.
This growth is primarily driven by Rising Use of Mobile phones, Tablets, Smart Phones and other Mobile Platform and Robust Penetration of 4G and 5G Networks for Uninterrupted Healthcare Services.
Globally, a noticeable market trend is evident Advancement in Technology of Connected Devices and mHealth App with Rise in use of Wearable Health Technology
. The Health Care Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Vodafone Limited, Apple, Inc. (United States), NTT Docomo, Inc. (Japan), Samsung Electronics Corporation (South Korea), AT&T Services, Inc. (United States), Healthdirect Australia (Australia), mQure Health Pvt. Ltd. (United States), Allscripts Healthcare Solutions (United States), Qualcomm Inc. (United States) and Airstrip Technologies (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 12th Feb 2019, AT&T and VITAS Healthcare, the nation’s leading provider of end-of-life care has launched a study that proposes to combine 5G with virtual reality/augmented reality (VR/AR) to test if it can help decrease chronic pain as well as anxiety for certain hospice patients. The study intentions to evaluate a potential alternative therapy that is easier for caregivers to implement at a time and place that makes the patient most relaxed during this toughest time.
Regulatory Insights:
According to, "HITECH (Health Information Technology for Economic and Clinical Health) Act – HITECH is part of the American Recovery and Reinvestment Act of 2009 (ARRA). The HITECH Act is intended to encourage more effective and efficient healthcare through the use of technology, like implementing electronic health records (eHR), thereby reducing the healthcare costs and enabling greater access to the system. It aims to address the privacy and security concerns associated with the electronic transmission of health information."
Market Drivers
- Rising Use of Mobile phones, Tablets, Smart Phones and other Mobile Platform
- Robust Penetration of 4G and 5G Networks for Uninterrupted Healthcare Services
Market Trend
- Advancement in Technology of Connected Devices and mHealth App with Rise in use of Wearable Health Technology
- Remote monitoring and Growing Focus on Consumer- Centric Mobility Solutions
Restraints
- Rising incidences of Technological Risk
- Lack of guidance from Physicians while Selecting Apps
Opportunities
Growing Adoption of mHealth Solutions and Increasing Incidence of Lifestyle Disorders
Challenges
Patent Protection for mHealth Devices and Applications and Lack of Data Security Giving Rise to Concerns Regarding Data Theft and Healthcare Fraud
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Consumer mHealth Study Sheds Light on
The Consumer mHealth Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Consumer mHealth industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Consumer mHealth industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.