mHealth Market Overview, Applications, Share Estimation, Cost Structure Analysis, Sales Insights, Latest Trends, and COVID-19 Impact Analysis By 2022

mHealth Market Overview, Applications, Share Estimation, Cost Structure Analysis, Sales Insights, Latest Trends, and COVID-19 Impact Analysis By 2022

mHealth Market
mHealth Market Size, Growth and Share Analysis By Therapeutics (respiratory, mental and neurological disorders, fitness & lifestyle) By Applications (monitoring, diagnosis & treatment, wellness & prevention) – Forecast to 2022

mHealth Market Overview:

The global mHealth market size is all set to surpass a valuation of USD 21.71 Billion by 2022, predicts Market Research Future (MRFR) in a detailed report where it also claimed that the mHealth market might attain 36.5% CAGR during the forecast period of 2016 to 2022.  The COVID-19 pandemic has ushered in a huge transformation in the market and the rise of mobile health is one of them. The global mHealth market is witnessing some strong support from various countries where advancement of digital health and scope for growth.

A substantial rise in the adoption of smartphones and tablets is expected to boost the global mHealth market. This new technology provides opportunities for patients to seek support from their doctors from a remote location without paying an actual visit. Also, the devices associated with the technology are portable and would reduce costs by a significant margin. It is easy to monitor lifestyle-related diseases using such technologies. Changes in the mhealth apps market size are also indicative of how easily the mHealth market would permeate across strata. However, there are people who are not fluent in the use of digital technologies. Adopting such technologies would be a problem for these patient groups. 

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mHealth Market Segmentation:

The mHealth market, as discussed by adept analysts of MRFR, has been segmented into therapeutics and application. These segments have data that can influence the global market, bolstered by figures, charts, and graphs. 

By therapeutics, the global mHealth market can be segmented into fitness & lifestyle therapeutics, respiratory, mental and neurological disorders, diabetes, and others. Rising adoption of mobile health applications would help these segments to expand further. 

By application, the global study on the mHealth market comprises diagnosis & treatment, monitoring applications, healthcare management, wellness & prevention, education and awareness, and remote data collection. The monitoring applications segment has almost 61.8% of the global mHealth market share.

mHealth Market Regional Analysis:

The Americas has the largest mHealth market share. It covers almost 34% of the global market of mHealth. Europe, may attain a 35.65% CAGR during the forecast period. Both these regions will profit from the presence of countries that are investing heavily to support the global mHealth market growth. Their funding for the research and development sector would inspire better innovations. 

mHealth Market Competitive Landscape:

Apple, INC, Athenahealth INC, Agamatrix, INC, Alivecor, INC, Biotelemetry INC. (CARDIONET) AT&T, INC, Google INC, Jawbone INC, GE Healthcare, Laboratory Corporation of America Holdings, Johnson & Johnson, Philips Healthcare, and others are some of the major companies that will support the growth of the market by launching various strategic moves. MRFR recorded the latest changes developed by these companies to understand the trend that can inspire some drastic change.

the University of Illinois Hospital, in collaboration with Health Sciences Systems, announced the launching of a telehealth program that would use mHealth wearable to monitor staff and patients who are at high risk of being infected from a remote location. This would support in identifying patients with COVID-19. It would also help in restricting the spread of the virus. 

California-based Evidation Health announced that they have been using fund from the Bill Gates Foundation and the Health and Human Services Department’s Biomedical Advanced Research and Development Authority (BARDA) to initiate the telehealth project, which will take a note of sleep and activity data and symptoms from around 300 people at high risk of acquiring the coronavirus to understand the first signs of the disease. 

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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