Mobile Health (mHealth) Market at a CAGR of 25.0% Rising Enterprise Efficiency and Dominated by Top Competitors (Medtronic, Philips Healthcare, Omron, Johnson & Johnson, Qualcomm Life, AT&T, Cisco, Bayer) and Global Foreseen Till 2023

Marketprognosis.com Publish a New Market Research Report On “Global Mobile Health (mHealth) Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Mobile Health (mHealth) Market:

The report spread across 112 pages is an overview of the Global Mobile Health (mHealth) Market. These report study based on the Mobile Health (mHealth) Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Mobile Health (mHealth) Market is expected to register a CAGR of over 25% during the forecast period, 2019 to 2023. The mhealth market is in the development stage and is projected to provide significant revenues in the future, with increasing awareness among people and favorable regulatory regulations specific to the quality and feasibility of the mobile-based medical devices.

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From tablets to wearables, the use of mobile devices has been increasing in the market, and healthcare providers are no exception. It has been observed that approximately 80% physicians use smartphones. The use of mobile devices by healthcare professionals has transformed many aspects of clinical practice. It has led to 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. In 2014, it was estimated that around 60% of smartphone owners had used their mobile phone to look up for information about a health condition. Approximately 40,000 mHealth apps are in use, globally, and in the coming years, many more health apps are expected to be introduced. Currently, mobile applications are being developed adhering to HIPAA-compliances. The apps developed adhering to HIPAA-compliances make private practices, hospitals, and other healthcare systems implement mobile devices without any major regulatory complications. Hence, the rise in mobile and tablet usage is driving 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. Most top data breaches in 2015 involved cybersecurity threats from third parties. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) compliance is still a key issue when it comes to mobile device security. Until security and privacy are assured, the use of apps by physicians continues to be limited, thereby hindering the market growth. Additionally, the stringent regulatory policies for mhealth applications are expected to restrain the market growth.

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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. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period; this is due to the increase in awareness of diseases among the people and high penetration of mobile platforms in the Asia-Pacific region.

Major Key Players:

1 Medtronic

2 Philips Healthcare

3 Omron Corporation

4 Johnson & Johnson

5 Qualcomm Life

6 AT&T Inc.

7 Cisco Systems, Inc.

8 Bayer Healthcare

9 Samsung Healthcare Solutions and More……………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Mobile Health (mHealth) Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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