Mobile Health (mHealth) Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

Mobile Health (mHealth)

The “Mobile Health (mHealth) Market” Report provides a thorough examination of the market. The Mobile Health (mHealth) Market research investigates how firms in the Mobile Health (mHealth) Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Mobile Health (mHealth) market report.

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Competitor Analysis:

Mobile Health (mHealth) market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Medtronic PLC
  • Philips Healthcare
  • Omron Corporation
  • Johnson & Johnson
  • Qualcomm Life
  • AT&T Inc.
  • Cisco Systems, Inc.
  • Bayer Healthcare
  • Samsung Healthcare Solutions

    Market Overview:

  • The use of mobile devices by healthcare professionals has transformed many aspects of clinical practice. It has led to the rapid growth in the development of medical software applications (apps) for these platforms. Mobile devices and apps provide many benefits for healthcare professionals, most-significantly, the increased access to point-of-care tools, shown to support better clinical decision-making and improved patient outcomes. Moreover, factors, such as the increased awareness levels among the population about the potential benefits of healthcare management, increased need of point-of-care diagnosis and treatment, and increasing focus on personalized medicine and patient-centered approach, are driving the growth of the mobile health market. Rapid technological advancements in mHealth research generate both opportunities and challenges, including creating scalable systems capable of collecting unprecedented amounts of data and conducting interventions, while protecting the privacy and safety of research participants. Additionally, the stringent regulatory policies for mHealth applications are expected to restrain the market growth.

    Key Market Trends:

    Remote patient monitoring services are expected to have the highest share

    Global m-health by device type is segmented into blood glucose monitors, cardiac monitors, hemodynamic monitors, neurological monitors, respiratory monitors, body and temperature monitors, remote patient monitoring devices, and others. Remote patient monitoring services have the highest share, about 26% as it allows the monitoring and remote treatment of chronic conditions. Also, the development of various innovative system is helping in securely monitoring and reporting patient information in real-time circumstances. For instance, GoTelecare’s Remote Patient Monitoring (RPM) system sends instant alerts if there is a change in abnormality in the vital signs and helps timely intervention by the physician, and prevents further deterioration of patient health.

    By service type, the market is segmented into monitoring services, diagnostic services, treatment services, wellness and fitness solutions, and others. Monitoring services have the highest share, about 36% owing to the rising adoption of monitoring services for the management of chronic disease, post-acute care management, and also the rising geriatric population.

    Asia-Pacific is expected to have High Growth Opportunities in Mobile-Health (m-Health) Market

    The Asia-Pacific region is expected to witness the highest growth rate during the forecast period. This is due to the increased awareness of diseases among the people and the high penetration of mobile platforms in the Asia-Pacific region. Several Asian countries are also adopting digital health strategies for managing healthcare delivery. For instance, in 2015, the Japanese health and life insurance giant, Japan Post offered mobile health devices to elderly citizens. Through this initiative, Japan Post is expected to gather more data about its customers, which thereby, can help in improving their overall well-being.

    North America dominates the market of mobile health as monitoring services are largely adopted in the region. Europe and Asia-Pacific follow North America, in terms of market shares.

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    Scope of the Report:

    According to WHO, mHealth is a component of eHealth. To date, no standardized definition of mHealth has been established. For the purposes of the survey, the Global Observatory for eHealth (GOe) defined mHealth or mobile health as medical and public health practice supported by mobile devices, such as mobile phones, patient monitoring devices, personal digital assistants (PDAs), and other wireless devices. mHealth involves the use and capitalization on a mobile phone’s core utility of voice and short messaging service (SMS) as well as more complex functionalities and applications, including general packet radio service (GPRS), third and fourth generation mobile telecommunications (3G and 4G systems), global positioning system (GPS), and Bluetooth technology.

    Highlighted points of Mobile Health (mHealth) Market Report:

    • Varying dynamics of the Mobile Health (mHealth) industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Mobile Health (mHealth) market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Mobile Health (mHealth) market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Mobile Health (mHealth) Market report:

    • The Mobile Health (mHealth) market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Mobile Health (mHealth) market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Mobile Health (mHealth) market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Mobile Health (mHealth) Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rise in Use of Smartphones, Tablets, Across the Globe
    4.2.2 Increasing Focus on Personalized Medicine and Patient-Centered Approach
    4.2.3 Increased Need of Point of Care Diagnosis and Treatment
    4.3 Market Restraints
    4.3.1 Data Security Issues
    4.3.2 Stringent Regulatory Policies for mHealth Applications
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Service Type
    5.1.1 Monitoring Services
    5.1.1.1 Independent Aging Solutions
    5.1.1.2 Chronic Disease Management
    5.1.1.3 Post Acute Care Services
    5.1.2 Diagnostic Services
    5.1.2.1 Self Diagnosis Services
    5.1.2.2 Telemedicine Solutions
    5.1.2.3 Medical Call centers manned by Healthcare Professionals
    5.1.3 Treatment Services
    5.1.3.1 Remote Patient Monitoring Services
    5.1.3.2 Teleconsultation
    5.1.4 Wellness and Fitness Solutions
    5.1.5 Other Services
    5.2 Device Type
    5.2.1 Blood Glucose Monitors
    5.2.2 Cardiac Monitors
    5.2.3 Hemodynamic Monitors
    5.2.4 Neurological Monitors
    5.2.5 Respiratory Monitors
    5.2.6 Body and Temperature Monitors
    5.2.7 Remote Patient Monitoring Devices
    5.2.8 Other Device Types
    5.3 Stake Holder
    5.3.1 Mobile Operators
    5.3.2 Healthcare Providers
    5.3.3 Application/Content Players
    5.3.4 Other Stake Holders
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Medtronic PLC
    6.1.2 Philips Healthcare
    6.1.3 Omron Corporation
    6.1.4 Johnson & Johnson
    6.1.5 Qualcomm Life
    6.1.6 AT&T Inc.
    6.1.7 Cisco Systems, Inc.
    6.1.8 Bayer Healthcare
    6.1.9 Samsung Healthcare Solutions

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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