The MHealth (Mobile Health) Market is growing at an explosive pace due to the factors such as increasing awareness of mobile technology applications, surging focus on patient-centric healthcare deliver, technological innovations, concerns over the rising cost of healthcare delivery, growing integration of wireless technologies, convenience of medical devices, falling prices and growing affordability of mobile devices and others.
The Global MHealth Market is one of the fastest growing industries, owing to the changing dynamics of the legal and regulatory workflow and the intense competitive rivalry among large number of public companies. Mobile health (MHealth) is also one of the most modernized trends in the healthcare industry that has shown tremendous progress in the last few years. This trend is observed due to the increasing growth of personal health devices, which can be easily worn or used with a smartphone or tablet. The various factors that influence the growth of MHealth market are patient’s involvement in personal healthcare, implementation of smartphones and wearable devices into healthcare industry, integration of wireless technologies with healthcare devices that are portable, benefits of Cost effectiveness and patients’ convenience and Increase in lifestyle diseases. Globally the market for MHealth is expected to grow at 36.5% CAGR (2016-2022).
The MHealth global market is expected to reach $ 21.71Billion by 2022.
Americas holds the largest market share of 34% of MHealth market globally.
Europe market is expected to grow at a CAGR of 35.65%.
Monitoring application segment hold 61.8% market share of global MHealth market by application.
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MHealth market has been segmented on the basis of therapeutics which comprises of diabetes, respiratory, mental and neurological disorders, fitness & lifestyle therapeutics and others. Whereas on the basis of application the market is segmented into monitoring applications, diagnosis & treatment, education and awareness, healthcare management, wellness & prevention, remote data collection
Regional Analysis of MHealth Market:
Globally Americas is the largest market for MHealth market. The large size of the market can be attributed due to increasing digital advancement in medical technology. Asia-Pacific is the second-largest for MHealth market. Europe MHealth market is expected to grow with a steady pace.
Key Players for MHealth Market:
The Top key players in this market are: Agamatrix, INC, Alivecor, INC, Apple, INC, Athenahealth INC, AT&T, INC, Biotelemetry INC. (CARDIONET), GE Healthcare, Google INC, Jawbone INC, Johnson & Johnson, Laboratory Corporation of America Holdings, Philips Healthcare and others.
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Major TOC of MHealth Market:
1 REPORT SCOPE
1.1 SCOPE OF THE STUDY
1.1.1 MOBILE HEALTH (MHEALTH): REPORT COVERAGE
1.1.2 XX RESEARCH METHODOLOGY
1.1.3 RESEARCH METHODOLOGY FOR THE GLOBAL MARKET STUDY
126.96.36.199 Geographical Analysis
188.8.131.52 Demand Side & Supply Side Analysis
184.108.40.206 Data Synthesis & Bridging
1.1.4 GLOBAL MOBILE HEALTH (MHEALTH): RESEARCH METHODOLOGY
1.1.5 KEY DATA POINT SOURCES
220.127.116.11 Data Points taken from Secondary Sources
18.104.22.168 Data Points taken from Primary Sources
1.1.6 REPORT DESCRIPTION
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.2 MARKET DYNAMICS
3.2.1 MARKET DRIVERS
22.214.171.124 Patients Involvement in personal healthcare
126.96.36.199 Proliferation of Smartphones and wearable devices into healthcare
188.8.131.52 Integration of wireless technologies with portable healthcare devices
184.108.40.206 Introduction of connected healthcare solutions in the MHealth market
220.127.116.11 Benefits of Cost effectiveness and Patients’ Convenience
18.104.22.168 Increase in Lifestyle Disease
3.2.2 MARKET CHALLENGES
22.214.171.124 Low rate of literacy and language barriers in low- and middle-income countries (LMICs)
126.96.36.199 Invasion of Privacy
188.8.131.52.1 Security Breach Cases
184.108.40.206.2 Potential risk of Hardware or Software failure
220.127.116.11.3 Stringent Regulations and Standards
18.104.22.168.4 Lack of Awareness about the possible applications of MHealth
3.2.3 MARKET OPPORTUNITIES
22.214.171.124 Partnership: An entry mode
126.96.36.199 Introduction of MHealth in developing economies
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