mHealth (Mobile Healthcare) Market Globally Grow at a CAGR of 30% by Revenue During the Period 2018 – 2021

Marketprognosis.com Publish a New Market Research Report On “The mHealth (Mobile Healthcare) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” which contains global key player’s survey information and forecast to 2030.

Overview of the Global MHealth (Mobile Healthcare) Market:

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.

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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.

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.

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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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 The market research analyst 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 is 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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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

Ecosystem Player Segmentation:

1 Mobile Operators & Connectivity Providers

2 Mobile & mHealth Device OEMs

3 Content & Application Providers

4 Healthcare Service Providers

5 Pharmaceutical Industry

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This release was published on openPR.