The global “mHealth market size is expected to reach USD 293.29 billion by 2026, exhibiting a CAGR of 29.1% during the forecast period. The increasing penetration of smartphones and smart devices will boost the mHealth market trends during the forecast period. According to Pew Research Center’s first survey of smartphone ownership conducted in 2011, 96% of Americans own a cell phone. Out of which ,81% of the American use smartphones. While roughly three-quarters of U.S. adults own desktop or laptop computers, furthermore, the launch of technologically advanced smartphones and wearable devices will consequently aid the mHealth market share, sates our lead analysts at Fortune Business Insights.
For instance, OnePlus launched a new concept phone, the OnePlus Concept One McLaren Edition has various features including electrochromic glass technology. In addition, Fitbit CEO James said in a statement, “We see ourselves evenly split between being a consumer company and being a health company.”
Highlights of the mHealth Market Report Include:
- Microscopic study of the various factors driving and restraining the market
- Careful classification and research of the market segments
- Accurate computation of market figures
- Comprehensive analysis of the regional dynamics and competitive landscape
Key Players Operating in The mHealth Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Fitbit, Inc.
- Apple Inc.
- Jawbone Health Hub, Inc.
- Omada Health, Inc.
- BioTelemetry, Inc.
- Livongo Health
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this mHealth Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/mhealth-market-100266
The report focuses on global major leading industry players of market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on mHealth Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall mHealth Market Size by analysing historical data and future prospect.
With tables and figures helping analyse worldwide mHealth Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Rising Prevalence of Cardiovascular Diseases to Bolster Growth in Europe
Europe held significant share in 2018 and is expected to grow rapidly during the forecast period. The increasing cases of cardiovascular health diseases and diabetes will enable speedy growth of the market in Europe. The rising demand for remote patient monitoring for people deprived of basic medical facilities due to geographical barriers will further create new sales opportunities for the market in Europe. The mHealth market size in North America stood at USD 10.20 billion in 2018 and is expected to witness significant growth in the forthcoming years. The presence of key players will boost the mHealth market trends in North America. Additionally, the increasing burden of chronic diseases across the U.S will further propel the growth of the market in North America.
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Growing Geriatric Population to Spur Business Opportunities for the Market
The increasing demand for mHealth solutions around the globe, owing to its user-friendly benefits and high calling efficiency in handling an emergency situation, will aid the mHealth market revenue in the forthcoming years. The increasing number of mHealth applications such as chronic disease management, remote monitoring owing to its cost-effective advantage will further fuel demand for mHealth solutions in the foreseeable future. The growing geriatric population will also contribute positively to the growth of the market. For instance, people above the age of 65, are more prone to chronic ailments; in the U.S., 40 million people, i.e., around 12.9% of the population is above 65 years. Thus, there is a colossal scope for the mHealth market in the countries where the geriatric population is surging
Objective of Studies:
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
- To provide insights about factors affecting the market growth. To analyse the mHealth Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global mHealth Market
- To provide country level analysis of the market with respect to the current mHealth Market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
- To track and analyse competitive developments such as joint ventures, strategic alliances, new product developments, and research and developments in the global mHealth Market
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Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Statistics on smartphone penetration rate for key countries
- Healthcare expenditure for key countries
- Average costs of chronic illnesses by type of medical facility in the U.S.
- New product launch
- Technological Advancements
- Funding and Start-ups: Overview
- Global mHealth Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Category
- Disease & Treatment Management
- Healthcare Providers/Insurance
- Medication Reminders
- Women Health and Pregnancy
- Disease Specific
- Wellness Management
- Lifestyle and stress
- Diet and Nutrition
- Body & Temperature Monitors
- Sleep Trackers
- Fitness Trackers
- Glucose Monitors
- BP Monitors
- Cardiac Monitors
- Market Analysis, Insights and Forecast – By Services Type
- Monitoring Services
- Fitness & Wellness Solutions
- Diagnostic Services
- Treatment Services
- Market Analysis, Insights and Forecast – By Service Provider
- mHealth App Companies
- Pharmaceutical Companies
- Health Insurance
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Disease & Treatment Management
This Report Answers the Following Questions:
- What are the mHealth Market trends and growth drivers?
- How many segments does the market contain?
- What are the opportunities and challenges that the market may face?
- How are the key players keeping up with the changing consumer behavior?
- What are the latest industry developments?
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