mHealth Market Size Research Report | Regional Insights And Forecast Imapct on market by COVID -19
The report gives a thorough overview of the present growth dynamics of the “mHealth Market Research Report- Global Forecast To 2022” with the help of vast market data covering all important aspects and market segments.
The Global mHealth market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023).
Technology is transforming the entire world and healthcare is not exception for it. Digital innovation and technological advancement is helping to put healthcare to the next level. After the evolution of the term called eHealth, now it is the era of mHealth. mHealth commonly known as mobile health. Use of mHealth devices and mobile devices is growing at tremendous rate throughout the globe and technology is changing dramatically. mHealth has potential to change the healthcare sector and can make is more accessible, affordable and faster.
mHealth Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global mHealth Market Size appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch to gain competitive advantage in this market and to maintain their market position.
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 Market and are profiled in MRFR Analysis.
Global mHealth Market - regional analysis
The global mHealth market is segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.
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