MHealth Applications Market
mHealth or mobile health is the practice of public health and medicine that is supported by mobile devices, including tablets, mobile phones, wireless infrastructure, and personal digital assistants. Some of its common digital health applications include chronic disease management, telehealth/telemedicine, healthcare worker telecommunication as well as training, remote monitoring, remote data collection, healthcare supply chain management, epidemic outbreak and disease tracking, treatment and diagnostic support, and education and awareness.
The mhealth applications market is expected to reach USD 3,920 Million by 2030 at 12.01% CAGR during the forecast period 2022-2030.
Various factors are propelling the mHealth Applications Market growth. Some of these factors, according to the Market Research Future report, include growing adoption to track health and vital signs, growing penetration of mobile devices (smartphones, tablets, and other personal digital assistants), increasing use of wireless network devices, and growing adoption of advanced technologies in the healthcare facility. Additional factors pushing market growth include the need to cut down long waiting periods for accessing healthcare facilities from experts, the introduction of various wearable devices from Xiaomi, Apple, and Fitbit, growing penetration of 3G network and 4G network, and multiple connectivity options such as Wi-Fi, and Bluetooth. Remote patient monitoring, prevention and treatment services, patient record keeping, and consultation are some of the benefits of mHealth apps that are boosting the market growth.
Major Key Players:
Some of the mhealth companies are Allscripts (U.S.), Agamatrix, Inc. (U.S.), Apple Inc. (U.S.), Honeywell International Inc. (U.S.), Medtronic MiniMed, Inc. (U.S.), Vivify Health (U.S.), iHealth Labs Inc. (U.S.) and others are some of the prominent players at the forefront of competition in the Global mHealth Applications Market and are profiled in MRFR Analysis.
Market Segmentation
The MRFR report offers a wide segmental analysis of the mHealth Applications Market on the basis of type.
Based on type, the mHealth Applications Market is segmented into wellness and prevention, healthcare management, education and awareness, diagnosis and treatment, monitoring applications, and others. Of these, the wellness and prevention segment will have the largest share in the market over the forecast period.
Regional Analysis
Geographically, mHealth Applications Market span across regions namely, Asia Pacific, Europe, North America, and the Middle East and Africa.
Among all the regions, Europe held the largest market share with 31.7 % in 2016. North America is estimated to garner USD 28762.1 million by the end of the review period owing to the high expenditure on healthcare, the high adoption rate of latest technologies, initiatives by the government, and rising funding by the public and private organizations.
Asia Pacific is considered to be the fastest-growing and second-largest market. The growth is mainly attributed to the rising prevalence of chronic diseases, growing disposable income, and increasing geriatric population in this region.
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