mHealth Market Analysis, Advancements, Behaviour, Challenges, Opportunities and Forecast 2022-2030

 

mHealth Market Highlights

The wave of modernization in the healthcare sector has led to the penetration of the concept of mHealth greatly. Reports that gauge the healthcare IT industry has been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects.

MHealth Market Size was valued at USD 58.2 billion in 2022. The mHealth market industry is projected to grow from USD 64.8 Billion in 2023 to USD 123.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.30% during the forecast period (2023 - 2030).

The robust growth pace in the wearable health device sector has increased the expansion of the mHealth market globally. Moreover, increased usage of smartphones is also playing a key role in the growth of the market. Also, patients are increasingly involved and aware of their treatments which is expected to further influence the mHealth market in the forecast period.

Competitive Analysis

The escalated turnaround in the market is likely to set off new openings for the development of the market. The enhancement in different domestic economies is projected to encourage the progress of the market in the impending period. The ease in accessing key planned opportunities important to consequent stabilization of inflation is projected to generate a promising option for development in the approaching years. In the approaching years, the control exerted by high-income level nations around the world and the likely gains observed towards a few of the currencies around the world is projected to strengthen the fruition of the market in the forecast period. A significant climb in the number of backers in the market is expected to craft an advantageous situation for the evolution of the market in the projected period. The advancement of the market is projected to capture amplified impetus in the coming years chiefly due to the incidence of contributory government plans.

Segmental Analysis

The segmental evaluation of the mHealth market is carried out based on therapeutics, applications, and region. Based on therapeutics, the mHealth market has been segmented into respiratory, mental, and neurological disorders, diabetes, fitness & lifestyle therapeutics, and others. Based on the application the mHealth market is segmented into diagnosis & treatment, monitoring applications, healthcare management, education and awareness, wellness & prevention, and remote data collection. Based on regions, the mHealth market is segmented into Asia Pacific, Europe, the Americas, and the rest of the world.

Market Players

The eminent competitors shaping the mhealth market around the world are Alivecor, INC, Apple, INC, Athenahealth INC, AT&T, INC, Biotelemetry INC. (CARDIONET), Agamatrix, INC, GE Healthcare, Jawbone INC, Johnson & Johnson, Google INC, Laboratory Corporation of America Holdings, Philips Healthcare, and others.

Detailed Regional Analysis     

The regional assessment of the mHealth market report includes regions such as Asia Pacific, Europe, the Americas, and the rest of the world. With reference to the analysis, the Americas region is the principal market for the mHealth market. The big size of the regional market can be accredited to the mounting digital developments in medical technology. The Asia Pacific region is identified as the next major region for the global mHealth market. The European region in the mHealth market is anticipated to develop at a stable pace. Although mHealth grew out of developed nations, the field has changed in favor of the emergent countries, stemming from the speedy increase of the mobile phone penetration in low-income nations. Moreover, in several developing countries, more people have access to the internet and are also using it more frequently. However, the African region remains a dark continent for the global mhealth market owing to its poor socio-economic conditions.

Industry Updates

Apr 2019 Oscar Health, a prominent digital health-based health plan has recently announced a partnership with Cardiogram to offer members accelerated and reimbursable access to follow-up care when their mHealth wearable senses an undiagnosed health concern. The novel service permits Oscar’s members to download the Cardiogram mHealth app on their wearable devices such as Garmin, the Apple Watch, or Google WearOS for Android devices

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Cardiac Monitoring and Cardiac Rhythm Management Device Market Growth Opportunities, Demand and Forecasts, 2020-2027

  Market Highlights The increasing demand for minimally invasive surgeries drives the growth of this market. Advanced technologies in cardiac monitoring and cardiac rhythm management devices have also led to growth in this market.  However, factors such as stringent regulatory approval procedures, the high cost of cardiac devices, and lack of reimbursement policies in developing countries are hindering the growth of the market. Rising prevalence of cardiovascular diseases and the increasing number of unmet medical needs in undeveloped countries are leading to the growth of the  cardiac monitoring and cardiac rhythm management device market . Technical advancements in drug-eluting, MRI compatible pacemakers, and Holter monitors are some of the factors leading to the growth of this market. The growth of the global cardiac monitoring device market is driven by the high prevalence of cardiovascular disorders worldwide. Segmentation The global cardiac monitoring and  cardiac rhythm manageme
Read more

Medical Imaging Software Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2022-2030

  Medical Imaging Software Market Highlights Medical imaging software supports processing and producing high-resolution images of the internal body parts of a human for disease diagnosis and treatment. The emergence of 3D and 4D imaging technologies, increasing the prevalence of geriatric population and subsequent growth in the incidence of cardiac, and neurological diseases including cancer, growing government funding’s for development of medical diagnostics field are some factors that are anticipated to drive the market growth during the assessment period.  Additionally, a rise in the number of diagnostic centres and increased healthcare expenditure is likely to contribute to market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, the high cost of equipment related to clinical validation and lack of skilled professionals may hamper
Read more

What is the regional analysis of Medical Cannabis Market?

  Medical Cannabis Market Highlights Medical cannabis, also known as medical marijuana, is an herbal drug derived from plants of the genus Cannabis used to treat a specific symptom or disease. Although the word cannabis refers specifically to the plant genus, it is also used interchangeably with marijuana, which describes the crude drug isolated from the plants’ leaves and flowers. The global Medical Cannabis Market Size is expected to cross USD 33,210.21 million by 2027 at a CAGR of 18.14% during the forecast period 2020-2027. The key factors that drive the global medical cannabis market are the rising research & development activities and financial support by various government and private organizations for cannabinoid research. However, stringent government policies and increasing illegal use of marijuana sizes are anticipated to hamper the market growth. Segment Analysis The global medical cannabis market outlook has been segmented based on product type, derivative,
Read more