mHealth Solutions Market Revenue Share Study Analysis Report

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mHealth Solutions Market to reach over USD 752.5 billion by the year 2031 – Exclusive Report by InsightAce Analytic

 

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global mHealth Solutions Market Size, Share & Trends Analysis Report By Product Type (Patient Management & Monitoring Apps, Medical Reference Apps, Women’s health apps, Diabetes Management Apps, Medication management apps), Services (Remote monitoring services, Diagnosis & Consultation services, Treatment services, Healthcare system strengthening services, Fitness & wellness services, Prevention services), End-users (healthcare providers, healthcare payers, patients)- Market Outlook And Industry Analysis 2031”

The global mHealth solutions market is estimated to reach over USD 752.5 billion by 2024- 2031, exhibiting a CAGR of 25.77% during the forecast period.

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The primary driver boosting mHealth Solution market expansion is the growing emphasis on leveraging smart devices and wearables to improve personal health and fitness. Additionally, it is projected that increased mHealth infrastructure, the technology used by doctors and patients, and rising internet and smartphone usage will fuel market expansion.

The requirement for mobile health apps is also rising due to the increasing use of digital health services for remote patient monitoring, which is anticipated to drive market development over the following years.

Additionally, increasing government backing for introducing and promoting remote electronic medical care initiatives and rising individual awareness of mobile health solutions are other variables anticipated to push market upsurge over the coming years. In the future, it is also projected that the growing use of iPhones among teenagers and adults will fuel the development of mHealth platforms and technologies.

Further, it is projected that the mHealth industry will be driven by the trend away from traditional healthcare methods and toward patient-centric and preventive measures over time. The market is also expected to rise more quickly during the anticipated years due to the increased desire for mobile medical platforms and the favourable perception of real-time patient care among healthcare professionals.

List of Prominent Players in the mHealth Solutions Market:

  • Abbott (US
  • AgaMatrix
  • AirStrip
  • Airstrip Technologies, Inc.
  • AliveCor Inc.
  • Allscripts Healthcare Solutions
  • Apple, Inc.
  • AT&T Intellectual Property (U.S.)
  • athenahealth, Inc. (U.S.)
  • Bayer Pharmaceuticals
  • BioTelemetry Inc.
  • Cerner Corporation
  • Cisco Systems, Inc. (U.S.)
  • Google, Inc.
  • iHealth Labs, Inc. (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • LifeWatch Services Inc.
  • Medtronic
  • mQure
  • Nike, Inc. (U.S.)
  • Nokia (Finland)
  • Omron Healthcare Inc.
  • Orange Health Labs
  • Philips Company (U.S.)
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co. Ltd.
  • SoftServe
  • Telefonica S.A.
  • Vodafone Group
  • Withings (France),
  • ZTE Corporation (China)

Market Dynamics:

Drivers-

The market is anticipated to expand due to rising internet and mobile technology preferences and demand for digital health. Additionally, encouraging government initiatives and growing manufacturer partnerships with numerous healthcare institutions are anticipated to propel the mHealth market.

Similarly, one of the key drivers projected to fuel the growth of the mHealth industry is the rising investments in digital health. Even after the pandemic, the increased applications of digital health services for remote patient monitoring are driving up demand for mobile health apps, projected to propel market expansion over the coming years.

Consequently, the COVID-19 pandemic affected the market for mobile health (mHealth) and is anticipated to continue to do so in.

 

Challenges:

A lack of standards and rules will hamper the market expansion. The difficulties with market growth will be exacerbated by resistance from traditional healthcare providers.

Concerns concerning the confidentiality of patient’s medical records and other vital data have risen due to the recent growth in cybercriminals. A hack on the Indiana-based company Medical Informatics Engineering resulted in the theft of more than four million patient records from 230 organizations.

A Market expansion is constrained by malware, phishing, Man in the Middle attacks, Trojans, and other emerging cyber threats.

Regional Trends:

The North American mHealth solutions market is expected to register a significant market share due to several variables, including increased healthcare costs, the prevalence of chronic diseases, the number of seniors, and an extensive infrastructure network. The region’s need for mHealth services is expanding faster because of supportive government initiatives and the widespread use of mobile healthcare applications.

The need for real-time monitoring is also being driven by the region’s growing cardiovascular disease burden. Major health difficulties can be avoided, and the death rate from sudden cardiac arrest can be decreased using mHealth apps that deliver real-time cardiovascular health information.

Besides, Asia Pacific had a considerable share of the market. In addition, expanding government initiatives to digitize healthcare systems in numerous emerging nations, including China and India, are anticipated to fuel market expansion over the coming years.

Additionally, the introduction of mobile health applications that support people in taking an active role in managing their personal health is contributing to favourable trends in the region’s healthcare. With smartphones and mobile technologies, it is now possible to assist, inform, and alter health behaviour using clinical and lifestyle apps.

Applications for mobile health are getting more widely used.

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Recent Developments:

  • In August 2022-The unique Kaiser Permanente Care & Connect initiative, started by Kaiser Permanente of the Northwest and Medical Teams International, will deliver mobile healthcare services to underserved areas throughout the Pacific Northwest.
  • In June 2022: As part of its ambitious regional development goal, Orange Health began offering diagnostic services in New Delhi, India. With this introduction, clients in the NCR region can access various diagnostic services in the comfort of their homes in only 60 minutes, with results available in six hours.

Segmentation of mHealth Solutions Market-

By Product Type

  • Medical Apps

    • Patient Management & Monitoring Apps
    • Medical Reference Apps
    • Communication & Consulting Apps
    • Continuing Medical Education Apps

  • Mhealth Apps

    • Healthcare Apps

      • Chronic Care Management Apps

        • Mental Health & Behavioral Disorder Management Apps
        • Diabetes Management Apps
        • Blood Pressure & Ecg Monitoring Apps
        • Cancer Management Apps
        • Other Chronic Care Management Apps

      • General Health & Fitness Apps

        • Health Tracking Apps
        • Obesity & Weight Management Apps
        • Fitness & Nutrition Apps

      • Medication Management Apps
      • Women’s Health Apps

        • Pregnancy Apps
        • Breastfeeding Apps
        • Fertility Apps
        • Other Women’s Health Apps

      • Personal Health Record Apps
      • Other Healthcare Apps

    • Connected Medical Devices

      • Vital Signs Monitoring Devices

        • Blood Pressure Monitors
        • Blood Glucose Meters
        • Ecg/Heart Rate Monitors
        • Pulse Oximeters

      • Fetal Monitoring Devices
      • Multiparameter Trackers
      • Neurological Monitoring Devices
      • Other Connected Medical Devices
      • Peak Flow Meters
      • Sleep apnea monitors

 

 

By Services

  • Remote monitoring services
  • Diagnosis & Consultation services
  • Treatment services
  • Healthcare system strengthening services
  • Fitness & wellness services
  • Prevention services

 

 

By End User

  • Healthcare Providers
  • Healthcare Payers
  • Patients/Consumers
  • Other end users

By Region-

North America-

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

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