mHealth Market Trends : Latest Innovations, Drivers, Scope and Industry Key Events

The report on the mHealth Market Trends suggests that the market may surpass a valuation of USD 21.71 billion by 2022, with a 36.5% CAGR during the forecast period with details of 2016 to 2022. Market Research Future (MRFR) enlisted several factors like a hike in smartphone users, growing inclusion of tablets, better percolation of digitalized networks, increasing awareness regarding personal care, expanding wearable device industry, improving lifestyle, and others as major reasons supporting the mHealth market growth.

 The health and fitness apps statistics indicate that health and fitness app market size would grow rapidly in the coming years, which would bolster mHealth market growth. A surge in the number of obese people worldwide would also boost the mHealth market.  

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 Segmentation:

Global MHealth Market has been segmented based on type which comprise Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, and others.

 By therapeutics, the global market for mHealth can be segmented into mental and neurological disorders, diabetes, fitness & lifestyle therapeutics, respiratory, and others. The health app usage statistics are showing considerable rise in the segment of fitness & lifestyle therapeutics.

 By application, the report with details of mHealth can be segmented into diagnosis & treatment, wellness & prevention, monitoring applications, healthcare management, education and awareness, remote data collection. The monitoring application segment has 61.8% of the market share.  

 Regional Analysis:

The global market for mHealth is expected to be led by the Americas as their health-related infrastructure is better than most of the regions. It has 34% of the total market share. The regional market is expected to get thrust from technological advancements and their easy inclusion in the market. This market is also benefiting from a continuous influx of investment from both government and private players.

 In fact, the market is getting a huge push from the research and development sector, where constant innovation is playing a huge role. It is also getting backed by factors like digital awareness, high inclusion rate of smart rates, and growing health awareness. The same is also true for the European market where advanced nations like France, Germany, Italy, the UK, and others are becoming a better market for mHealth just like the US and Canada from North America. 

 In the Asia Pacific region, surging technological advancement is expected to play a better role in taking the market ahead. Growing digitalization, hike in smartphone users, and increasing health awareness would play prominent market-defining roles. India, China, Japan, Thailand, Australia, and others would contribute substantially. 

 Competitive Analysis:

The global mHealth market to gain significant backing from companies like Alivecor, INC, Apple, INC, Agamatrix, INC, AT&T, INC, Athenahealth INC, GE Healthcare, Google INC, Biotelemetry INC. (CARDIONET), Johnson & Johnson, Jawbone INC, Philips Healthcare, Laboratory Corporation of America Holdings, and others. These companies are expected to make sure that their strategic moves command significant growth of the market and they can solidify their own market position. 

 Industry News:

In January 2020, the Rady Children’s Institute for Genomic Medicine (RCIGM) announced that they are planning on investing in drones to collect genomic samples to speed up the procedure of treatment. They believe that this would significantly boost the treatment of critically ill children.

 Browse Table of Content with COVID-19 Impact Analysis at:

https://www.marketresearchfuture.com/reports/mobile-health-market-1816

 NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

 About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

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