Global mHealth (Mobile Healthcare) Market to Observe Strong Development of 30% CAGR by Revenue During the Period 2018 - 2021

“The mHealth (Mobile Healthcare) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Global mHealth (Mobile Healthcare) Market Overview:

The report spread across 585 pages is an overview of the mHealth (Mobile Healthcare) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts.

A key enabler in the digital transformation of the healthcare industry, mobile healthcare or mHealth – refers to the use of mobile connectivity and associated technologies across the healthcare continuum. Healthcare providers and payers are increasingly embracing mHealth as a means to enhance care coordination, maximize outreach, boost patient engagement and improve outcomes, while minimizing costs.

Keen to monetize their vast wireless network assets, mobile operators view mHealth as a substantial revenue opportunity – and many are extending beyond providing pure connectivity services, towards end-to-end mHealth offerings such as remote patient monitoring.

Driven by the thriving ecosystem, market research analyst estimates that the mHealth market will account for more than $28 Billion in 2018 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns, market research analyst estimates further growth at a CAGR of approximately 30% over the next three years.

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mHealth also offers a wealth of opportunities to the pharmaceutical industry, ranging from accelerated clinical trial innovation and medication adherence monitoring to securing the supply chain and combating counterfeit drugs. In addition, with the increasing prevalence of mobile apps that provide therapeutic impact, the digital therapeutics space is beginning to emerge, which one day rival mainstream pharmaceuticals in areas such as chronic disease may care.

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Market forecasts are provided for each of the following 5 submarkets and their 23 use case categories:

1 Pharmaceutical Applications

2 Information & Healthcare Management

3 Healthcare & Fitness

4 Remote Consultation/Diagnostic Services

5 IoT, Wearable Technology, Sensor & Monitoring Applications

Regional Markets

1 Asia Pacific

2 Eastern Europe

3 Latin & Central America

4 Middle East & Africa

5 North America

6 Western Europe

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Key Findings:

1  Driven by the thriving ecosystem, market research analyst estimates that the mHealth Market will account for more than $28 Billion in 2018 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns, market research analyst estimates further growth at a CAGR of approximately 30% over the next three years.

2  With ongoing advances in key enabling technologies such as the miniaturization of sensors and the development of 5G NR (New Radio) platforms, a spate of new applications are beginning to emerge – ranging from connected drug delivery platforms to UHD (Ultra High Definition) video streaming for remote medical examinations.

3  Market research analyst estimates that annual unit shipments of health and fitness-centric wearable devices will surpass 105 Million by the end of 2018. In order to gain valuable insights from the data generated by these devices, healthcare providers and other stakeholders are increasingly investing in Big Data and analytics technology.

4  As key stakeholders realize the revenue potential of mHealth, a spate of prominent strategic partnerships are beginning to emerge. For example, pharmaceutical giant Novartis has recently partnered with digital therapeutics specialist Pear Therapeutics to co-develop prescription mobile apps aimed at treating patients with multiple sclerosis, schizophrenia and substance use disorder.

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