Global Mhealth Market Overview:
mHealth being one of the eHealth aspects is getting advanced in acquiring, transporting, storing, processing and securing raw & processed data to deliver meaningful results. The rapid rise in the incidence of the chronic diseases as well as the advancing technologies in the mobile health apps has delivered information of personal healthcare on the regular basis which is one of the major factor fuelling the mHealth market. Mobile Health (mHealth) is a general term used for mobile health, which provides assistance to public health using smart devices such as; mobile phones, tablet computers & PDAs, and wearable devices such as smartwatches. It helps in educating consumers about preventive health care services. Some of the key players profiled in the study are Omron Corporation (United States), Apple, Inc. (United States), AirStrip Technologies (United States), AliveCor, Inc. (United States), BioTelemetry Inc. (United States), athenahealth, Inc. (United States), AgaMatrix, Inc. (United States), iHealth Lab, Inc. (United States), AT&T (United States), Cerner Corporation (United States), Cisco Systems, Inc. (United States), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), LifeWatch AG (Switzerland), Nokia Corporation (Finland) and Johnson & Johnson (United States). According to Market Analyst at AMA, the Global Mhealth market may see a growth rate of 25.4% and would reach the market size of USD151.48 Million by 2025.
On the basis of geography, the market of Mhealth has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by End User, the sub-segment i.e. Physicians will boost the Mhealth market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Use of Mobile phones, Tablets, Smart Phones and other Mobile Platform
- Cost Containment of Healthcare Delivery
- Rising Focus on Patient-Centric Healthcare Delivery
- Increasing Consumption of Connected Devices and mHealth Apps for the Management of Chronic Diseases
- Advancement in Technology of Connected Devices and mHealth App with Rise in use of Wearable Health Technology
- Growing Application of Cloud-Based mHealth Solution
- Remote monitoring and Growing Focus on Consumer- Centric Mobility Solutions
- Lack of Standards and Regulations
- Increasing Concerns Regarding Health care Fraud And Data Theft which Require Data Security
- Lack of guidance from Physicians while Selecting Apps
- Rising Incidence of Lifestyle Disorders
- Growing Adoption of mHealth Solutions
- Difficulties in Finding mHealth Apps in Stores
- Patent Protection for mHealth Devices and Applications
In June 2017, Johnson & Johnson an American multinational medical devices, pharmaceutical and consumer packaged goods manufacturing company acquired the Actelion
According to the United Nation Department of Economic and Social Affairs (UNDESA), world population ageing 2017 report, in North America, the population of people aged 60 years or above was approximately 78.4 million in 2017, and the number is estimated to reach 122.8 billion by 2050.
Target Audience:Healthcare Application Developers, Medical Device Vendors, Mobile Network Providers, Connectivity Providers, Mobile Platform Developers, Insurance Providers (Payers), Healthcare Institutions (Hospitals, Medical Schools, And Outpatient Clinics), Research And Consulting Firms, Research Institutes, Contract Research Organizations (Cros), Contract Manufacturing Organizations (Cmos) and Venture Capitalists
Major Objectives Focused through this Study To define, describe, and forecast the Global Mhealth market on the basis of product [Connected Devices, Apps and Services] , application [Cardiovascular Diseases, Diabetes, Respiratory Diseases, Neurological Diseases and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Mhealth market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Mhealth industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Diversinet Corporation (Canada) and Withings (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Mhealth market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.