Regulated mHealth Apps Thematic Report Overview

Mobile health apps, often abbreviated as mHealth apps, are software applications designed for mobile devices such as smartphones and tablets that offer various health-related functionalities. These apps cater to a wide range of needs, from general health and wellness tracking to specific medical condition management. They encourage patients to take control of their health by tracking their medical data, accessing their medical records, and communicating with healthcare providers.

While there are several categories of mHealth apps, this report will focus on medical apps, which are regulated and generally need a prescription or corresponding device (such as an implantable device) to use. Regulated mHealth apps are approved by the relevant national regulator to act as medical devices. Some devices are clinically focused, and others are indication specific.

The ‘Regulated mHealth Apps’ thematic intelligence report discusses the mHealth software technologies and the emerging trends that will impact the use of these apps in the healthcare industry in the coming years. The report also covers value chain insights, key players, and sector scorecard analysis.

Key Trends ·        Technology Trends

·        Macroeconomic Trends

·        Regulatory Trends

Value Chain Components ·        mHealth Devices

·        mHealth Apps

·        mHealth App Use

·        Experience

Leading Public Companies ·        Boston Scientific

·        Cambridge Cognition

·        Pfizer

·        Philips

·        Stryker

Leading Private Companies ·        Big Health

·        Biofourmis

·        BrainLAB

·        Viz.ai

·        Voluntis

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Regulated mHealth Apps – Trend Analysis

The main trends shaping the mobile health theme over the next 12 to 24 months are technology trends, macroeconomic trends, and regulatory trends.

Technology Trends: The key technology trends that will influence the mobile health theme are the integration of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and cloud computing into healthcare. These technological advancements are closely connected with wearable technology, and Remote patient monitoring (RPM).

For instance, cloud computing is a fundamental building block of most mobile apps, especially mHealth apps. Cloud storage systems offer increased flexibility, storage, and automation, as well as reduced cost, compared to traditional physical servers. Given these advantages, mHealth apps often store large amounts of patient data using cloud storage systems.

Macroeconomic Trends: Increasing healthcare costs, a growing aging population, and rising patient consumerism are a few of the key macroeconomic trends that will impact the mobile health theme in the coming months.

Regulatory Trends: Increasing regulations by the FDA, General Data Protection Regulation (GDPR), and the Health Insurance Portability and Accountability Act of 1996 (HIPAA) on mHealth apps are the key regulatory trends impacting the mobile health theme.

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The Mobile Health Value Chain Analysis

The mobile health value chain is first categorized by devices, as several types of medical devices use mobile health tools. These are RPM devices, wearable devices, and connected devices. While mHealth apps can be used with any type of mHealth device, they are most common among connected devices and wearable devices.

The mobile health value chain comprises mHealth devices, mHealth apps, mHealth app use, and experience. mHealth apps are then categorized into three segments: health management apps, medication management apps, and medical apps.

The Mobile Health Value Chain

The Mobile Health Value Chain

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mHealth Theme – Competitive Landscape

The public companies making their mark in the mHealth theme are:

  • Boston Scientific
  • Cambridge Cognition
  • Pfizer
  • Philips
  • Stryker

The private companies making their mark in the mHealth theme are:

  • Big Health
  • Biofourmis
  • BrainLAB
  • ai
  • Voluntis

Companies Making Their Mark Within the Mobile Health Theme

Companies Making Their Mark Within the Mobile Health Theme

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Medical Devices Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Thematic Screen

Thematic Screen

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Key Highlights

This report focuses on the mHealth apps industry, with special attention given to the impact of COVID-19.

Reasons to Buy

  • GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
  • Develop and design your corporate strategies through an in-house expert analysis of mobile health by understanding the primary ways in which this theme is impacting the healthcare industry.
  • Stay up to date on the industry’s major players and where they sit in the value chain.
  • Identify emerging industry trends to gain a competitive advantage.

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