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Pulished Date February, 2020
ID: 1839
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Global mHealth market / Mobile Health Market Size, Share, Trends, Growth Analysis Report - Segmented By Type, Services, Application & Region – Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 1839
Pages: 175

mHealth Market Size, Growth (2020 to 2025)

As per our research report, the global mobile health (mHealth) market is forecasted to reach USD 115.61 billion by 2025 from USD 25.17 Billion in 2020, showcasing a vibrant CAGR 35.65% during the forecast period. 

mHealth is a branch of eHealth dealing with the collection of patient data. The patient data is collected and stored using the mHealth application and is reviewed by health care professionals to determine the severity of the medical condition. Wireless electronic devices like mobiles, wearable devices, and others play a key role in collecting patient data. The data which is collected is stored on a remote cloud using mHealth applications.

COVID-19 impact on the mHealth market:

Increasing COVID-19 cases across the world are escalating the demand of the mHealth market. By maintaining social distancing, the adaption of digital health services is growing during the Covid-19 pandemic. Hence, the revenue for the mHealth market during COVID- 19 is on-demand and is likely to increase. The largest share is seen in 2019 besides the total share for the mHealth sector.

Accenture research has stated that to maintain effectiveness in mHealth technology, the company should use advanced technology. It is a fact that 48% of healthcare consumers are using mHealth apps, and the number of consumers is soon going to increase disruptively due to COVID-19.

In the US, CURE ID was launched by the Food and Drug Administration (FDA) where it is designed based on the cloud-based repository. This application allows physicians to treat rare infectious diseases with existing FDA approved rugs through mobiles. In the pandemic conditions like the COVID-19 outbreak, these applications are merely to propel the demand of the market in the forecast period.

General packet radio services (GPRS), 3G and 4G telecommunications, a global positioning system (GPS), and Bluetooth technology are specially included in the applications of mHealth. These applications mainly help patients get an adequate diagnosis and improve the communication between the patient & doctor. Experts say that mobile health is to rule healthcare in the coming years.

According to Harvard Business Review, mHealth technology shows satisfactory results in 97% of patients due to the launch of various applications and improvement in the quality treatment procedures over mobiles.

MARKET DRIVERS:

Factors such as the increase in the number of elder people population, rise in the usage of several smartphones, growing support from the government organizations in favor of the ordinary people, creating awareness over the benefits of mHealth services in undeveloped countries are majorly surging the demand for the mHealth market at a global level.

Additionally, lifestyle changes and the trend towards new applications focus on improving the quality of treatment procedures accessible through mobiles and favoring the market growth. Growing support from the IT industry in launching various applications further helps the mobile health market climb new heights.

MARKET RESTRAINS:

A major factor hampering growth is a rise in the concerns towards privacy. Lack of sufficient knowledge in remote areas for the utilization of applications through smartphones and strict rules by the government in approving some applications are some of the other factors showing a significant impact in restricting the growth of the mHealth market to some extent.

MARKET OPPORTUNITIES:

Rising prevalence towards healthy lifestyles by doing exercises and others can provide the scope of growth opportunities for the mHealth market.

MARKET CHALLENGES:

The shortage of skilled technicians to maintain the applications more effectively is challenging for the mobile health market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Devices, Application, Services, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This market research report on the Global mHealth Market has been segmented by type, application, services, and region.

mHealth Market - By Type:

  • Blood Pressure Monitor
  • Glucose Meter
  • Pulse Oximeter

Based on type, the blood pressure monitor category holds the highest shares of the market due to the rise in the number of people suffering from various disorders. The glucose meter segment is estimated to have significant growth in the forecast period. Growing diabetes patients worldwide and prevalence for personalized medicine are lucratively boosting up the demand of the market. However, the pulse oximeter category is also to have a slightly inclined growth rate in the coming years.

mHealth Market - By Application:

  • Chronic Care Management
  • Health and Fitness
  • Weight Loss
  • Women's Health
  • Personal Health Record
  • Medication

Based on application, the health and fitness segment is ruling with dominant shares of the market. The rise in the awareness to stay healthy by doing regular exercises using applications available in android and ios systems is significantly promoting the demand of this segment. Chronic care management is the second largest segment in holding dominant shares of the market due to the growing incidences of chronic diseases like blood pressure, diabetes, cancer, etc. Weight loss, women’s health, personal health record, and medication segments are witnessed to have sustainable growth opportunities in the forecast period.

mHealth Market - By Services:

  • Remote Monitoring
  • Consultation
  • Fitness And Wellness
  • Prevention

Based on services, the remote monitoring category segment is witnessed in holding prominent shares of the market. Adopting the latest technology in healthcare centers is a crucial driving factor for growing extensively. The fitness and Wellness segment is deemed to have the highest CAGR in the coming years with the launch of several fitness-related applications. The growing use of smartphones is accelerating the growth rate of these segments.

mHealth Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

In 2019, the global mHealth market was dominated by North America and held the highest shares of the market owing to the introduction of different technological developments in healthcare centers.

The U.S. is the one leading with the most significant shares of the market. Knowledge towards the use of applications available in mobiles is to surge the demand of the market. During the spread of COVID-19, this region is making the best use of mHealth services available.

Following North America, Asia Pacific is holding the most significant shares of the market. The increasing geriatric population is one of the significant factors for the market to grow in this region. Besides, improving support from the IT industry is likely to bolster the demand of the market. India and China are the major countries contributing to the highest shares for the market.

Europe is expected to have the highest CAGR in foreseen years with the escalating expenditure on healthcare. The United Kingdom and Germany hold the most top market shares with the increasing investments in the research and development centers. The launch of user-friendly applications that are showing positive results in emergency cases is leveling up the growth rate of the market.

The Middle East and Africa are esteemed to have significant growth opportunities during the forecast period. The focus on raising awareness over the benefits of using healthcare applications is solely to leverage the growth rate of the market in this region.

NOTABLE COMPANIES IN THIS MARKETSPACE

List of market participants leading the global mHealth market profiled in the report are Cardionet Inc., iHealth Labs Inc., QUALCOMM life, Vodafone, Dexcom, Inc., Fitbit, Inc. (Twine Health, Inc.), Koninklijke Philips N.V. (Philips), Livongo Health, Inc., Medtronic Plc., Omada Health, Inc., Omron Corporation (Omron Healthcare, Inc.), Samsung Electronics Co., Ltd and Welldoc, Inc.

NOTABLE HAPPENINGS IN THIS MARKET IN THE RECENT PAST:

In January 2020, Omron made a step forward in setting up an innovative mobile app named a personal heart health coach. It is an innovation in heart health technology, and soon this will become a part of our daily lifestyle.

In October 2019, Livongo, a leading company in mHealth for diabetic care management, has signed a contract with the Federal Employee health benefits program. This contract provides excellent health advice for patients who have diabetes and other chronic illness just by staying at home using digital health platforms.

In February 2018, Twine health was acquired by Fitbit, where the providers and payers will get new mHealth tools. This acquisition will help develop online coaching tools and build secure communication between the patient & caretaker.

In June 2019, Philips published a report on Future Health Index (FHI), stating that it will focus on digital health technology. The main aim to establish value-care systems in healthcare.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Connected Devices                 

                                5.1.1 Introduction           

                                5.1.2 Blood Pressure Monitor    

                                5.1.3 Glucose Meter      

                                5.1.4 Pulse Oximeter     

                                5.1.5  Y-o-Y Growth Analysis, By Connected Devices       

                                5.1.6  Market Attractiveness Analysis, By Connected Devices     

                                5.1.7  Market Share Analysis, By Connected Devices       

                5.2 Services                       

                                5.2.1 Introduction           

                                5.2.2 Remote Monitoring            

                                5.2.3 Consultation           

                                5.2.4 Prevention              

                                5.2.5 Y-o-Y Growth Analysis, By Services               

                                5.2.6 Market Attractiveness Analysis, By Services             

                                5.2.7 Market Share Analysis, By Services              

                5.3 Applications                               

                                5.3.1 Introduction           

                                5.3.2 Weight Loss            

                                5.3.3 Women's Health   

                                5.3.4 Personal Health Record     

                                5.3.5 Medication             

                                5.3.6 Other Applications               

                                5.3.7 Y-o-Y Growth Analysis, By Application         

                                5.3.8  Market Attractiveness Analysis, By Application      

                                5.3.9  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Connected Devices

                                                6.1.3.3 By Services

                                                6.1.3.4 By Applications

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Connected Devices

                                                6.1.4.3 By Services

                                                6.1.4.4 By Applications

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Connected Devices

                                                6.1.5.3 By Services

                                                6.1.5.4 By Applicatiions

                                                6.1.5.5 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Cardionet inc.                            

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Ihealthlab inc.                            

                8.3 Medtronic inc.                           

                8.4 Philips healthcare                    

                8.5 QUALCOMM life                      

                8.6 Samsung electronics co ltd                   

                8.7 Vodafone                    

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technolaogy, component, and type along with market size forecasts and estimations to detect key areas of industry growth in a detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Mobile Health Market By Region, From 2020 to 2025 ( USD Billion )
  2. Global Mobile Health Market By Connected Devices, From 2020 to 2025 ( USD Billion )
  3. Global Blood Pressure monitor Market By Region, From 2020 to 2025 ( USD Billion )
  4. Global Glucose meter Market By Region, From 2020 to 2025 ( USD Billion )
  5. Global Pulse Oximeter Market By Region, From 2020 to 2025 ( USD Billion )
  6. Global Mobile Health Market By Services, From 2020 to 2025 ( USD Billion )
  7. Global Remote Monitoring Market By Region, From 2020 to 2025 ( USD Billion )
  8. Global Consultation Market By Region, From 2020 to 2025 ( USD Billion )
  9. Global Prevention Market By Region, From 2020 to 2025 ( USD Billion )
  10. Global Mobile Health Market By Application, From 2020 to 2025 ( USD Billion )
  11. Global Weight Loss Market By Region, From 2020 to 2025 ( USD Billion )
  12. Global Women's Health Market By Region, From 2020 to 2025 ( USD Billion )
  13. Global Personal Health Record Market By Region, From 2020 to 2025 ( USD Billion )
  14. Global Medication Market By Region, From 2020 to 2025 ( USD Billion )

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