North America region is expected to dominate the mHealth Market through 2026
Increasing penetration of
wireless technology and rising old age population is expected to drive the demand
for global mHealth market in forecast period.
According to TechSci Research report, “mHealth
Market - Global Industry Size, Share, Trends, Opportunity and Forecast,
2016-2026 Segmented By Connected Devices
(BP & Glucose Monitors, Heart Rate Monitors, Pulse Oximeters, Foetal
Monitoring Devices, Sleep Apnea Monitors, Others), By mHealth App (Medical
Apps, Fitness Apps), By Medical Apps (Women’s Health Apps, Medication Management
Apps, Personal Health Apps, Chronic Care Management Apps, Remote Monitoring
Apps, Others), By Fitness Apps (Exercise & Fitness, Diet & Nutrition,
Lifestyle & Stress), By mHealth Service (Remote Monitoring Services,
Diagnostics and Consulting Services, Treatment Services, Fitness &
Wellbeing Services, Preventive Care Services) and By Region”, the global
mHealth market is expected to witness significant CAGR growth for the forecast
period, 2022-2026. The increase in the demand for remote consultations to obtain
quick treatment which is also cost-effective is expected to fuel the global
mHealth market growth. The adoption of the mHealth apps aids in improving the
treatment outcomes and preventing the occurrence of chronic diseases is
expected to influence the global mHealth market growth. Increase in the
geriatric population around the globe as with the growing age, the immunity
level of an individual decrease, and the individual is susceptible to getting
infected with a variety of diseases. The growing adoption of mHealth services
by the old age population to obtain healthcare services without putting in the
physical effort is expected to foster the global mHealth market growth.
However, a lack of awareness among the consumers to
choose the right mHealth solution owing to the limited guidance provided by the
healthcare professionals is expected to restrain the growth of the global
mHealth market in the next five years.
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Global
mHealth market is segmented into connected devices, mHealth apps, mHealth
service, regional distribution, and company. Based on the mHealth app, the
market can be bifurcated into medical apps and fitness apps. The medical apps
segment is expected to hold a major market share for the forecast period,
2022-2026. The ease of accessing the healthcare apps and presence of
user-friendly interface in mobile applications is driving the growth of the
segment. The surge in the occurrence of
lifestyle-related and chronic diseases along with the growing penetration of
smartphones is expected to boost the growth of the segment. Based on the
mHealth service, the market can be divided into remote monitoring services,
diagnostics, and consulting services, treatment services, fitness &
wellbeing services, and preventive care services. The remote monitoring
services segment is expected to account for a significant market share in the
next five years. The adoption of advanced technologies by the manufacturers and
the launch of affordable electronic devices are expected to influence the
demand of the mHealth market. Based on the connected devices, the market can be
divided into BP & glucose monitors, heart rate monitors, pulse oximeters,
foetal monitoring devices, sleep apnea monitors, and others. The BP &
glucose monitors are expected to dominate the global mHealth market for the
predicted period. The rise in the adoption of a sedentary lifestyle and
increase in the prevalence of hypertension-related diseases is contributing to
the growth of the segment.
Medtronic
Plc, Apple, Inc., AirStrip Technologies, Google, LLC, Samsung Electronics,
Koninklijke Philips N.V., AgaMatrix, Inc., Bayer AG, Omron Corporation,
AliveCor, Inc., Orange Healthcare, Inc., Bio Telemetry, Inc., iHealth Labs,
Inc., Nike, Inc., Withings S.A. are the leading players operating in global mHealth
market. Service Providers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several mHealth provider is
coming up with their technologically advanced offerings.
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“The
rise in adoption of advanced technologies by the healthcare institutions and
surge in the acceptance of the mHealth services by the patients to keep track
of the health-related information thereby aiding in reducing the extra
hospitalization costs, imaging tests, and other expenses is expected to create
lucrative opportunities for the global mHealth market growth. The adoption of
attractive marketing strategies by the market players such as social media
campaigns to expand the reach of their brands and increase the consumer base is
expected to propel the mHealth market growth till 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“mHealth Market - Global
Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Connected Devices (BP &
Glucose Monitors, Heart Rate Monitors, Pulse Oximeters, Foetal Monitoring
Devices, Sleep Apnea Monitors, Others), By mHealth App (Medical Apps, Fitness
Apps), By Medical Apps (Women’s Health Apps, Medication Management Apps,
Personal Health Apps, Chronic Care Management Apps, Remote Monitoring Apps,
Others), By Fitness Apps (Exercise & Fitness, Diet & Nutrition,
Lifestyle & Stress), By mHealth Service (Remote Monitoring Services,
Diagnostics and Consulting Services, Treatment Services, Fitness &
Wellbeing Services, Preventive Care Services) and By Region” has
evaluated the future growth potential of global mHealth market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global mHealth market.
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