Global mHealth Solutions Market Size study & Forecast, by Product and Service (mHealth Devices, mHealth Apps, mHealth Services), by Application (mHealth Solutions for Disease Tracking, mHealth Solutions for Wellness Management, Others), by End User (mHealth Solutions for Physicians, mHealth Solutions for Patients, mHealth Solutions for Hospitals, Others) and Regional Analysis, 2023-2030
Global mHealth Solutions Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. mHealth, short for ""mobile health,"" refers to the use of mobile devices, such as smartphones and tablets, as well as other wireless technology, in the field of healthcare. mHealth solutions encompass a wide range of applications and services that leverage mobile technology to improve healthcare delivery, monitoring, and management. The key factors driving the market growth are rising penetration of smartphones, tablets, and other mobile platforms, rising inclination towards digital health technologies, growing demand for telemedicine and remote consultations, growing utilization of connected devices, and a growing aging population that anticipated to support the market growth.
Moreover, the rising inclination towards digital health technologies is indeed supporting the growth of the mHealth Solutions Market. Digital health technologies, including mobile apps and wearable devices, have made healthcare more accessible to a broader population. It helps to access health information, monitor their health, and receive medical advice or consultations through their smartphones and wearable devices, eliminating geographical barriers. According to the Statista, in 2021, the market for digital health was estimated to value at nearly USD 268 billion around the world. Also, it is anticipated to grow and is expected to reach about USD 657 billion by the year 2025. Additionally, the growing adoption of IoT and wearable devices are anticipated to create lucrative opportunities for the market over the forecast period. However, the lack of standards & regulations and insufficient reimbursement stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global mHealth Solutions Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, rising need for better and improved healthcare services, and high penetration of mobile apps and wearable devices. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing use of telehealth solutions and services, increasing government initiatives to implement eHealth, and the rising geriatric population in the region.
Major market player included in this report are:
Koninklijke Philips N.V. (Netherlands)
Medtronic plc (Ireland)
Johnson & Johnson Private Limited (US)
Omron Healthcare Co., Ltd. (Japan)
Cerner Corporation (US)
Apple, Inc. (US)
AliveCor, Inc. (US)
AirStrip Technologies, Inc (US)
athenahealth, Inc. (US)
iHealth Lab Inc. (US)
Recent Developments in the Market:
In February 2023, Vodafone (UK) collaborated with Charité Berlin, Leipzig University Hospital, and 16 other prominent research and medical experts in Germany. This partnership, which includes one of Europe's largest university hospitals, Charité Berlin, and Leipzig University Hospital, allowed Vodafone to embark on a journey to explore potential medical advancements using the 6G technology.
Global mHealth Solutions Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Product and Service, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product and Service:
mHealth Devices
mHealth Apps
mHealth Services
By Application:
mHealth Solutions for Disease Tracking
mHealth Solutions for Wellness Management
mHealth Solutions for Patient Monitoring
Others
By End User:
mHealth Solutions for Physicians
mHealth Solutions for Patients
mHealth Solutions for Hospitals
mHealth Solutions for Healthcare Insurance Vendors
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Koninklijke Philips N.V. (Netherlands)
Medtronic plc (Ireland)
Johnson & Johnson Private Limited (US)
Omron Healthcare Co., Ltd. (Japan)
Cerner Corporation (US)
Apple, Inc. (US)
AliveCor, Inc. (US)
AirStrip Technologies, Inc (US)
athenahealth, Inc. (US)
iHealth Lab Inc. (US)
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