mHealth Industry in China to grow at 39.8% CAGR to 2024| Vodafone,Apple,Samsung Electronics,Philips healthcare,Bayer Healthcare,Cardionet Inc,Boston Scientific

China market is estimated to expand with 39.8% CAGR over the forecast timeframe owing to increasing prevalence of chronic diseases as well as substantial number of elderly people suffering from enfeebling condition. Mature telecommunications infrastructure and growing adoption of mobile apps for availing healthcare solutions will stimulate China mHealth market over the coming years.

Germany market is poised to reach USD 22,277.1 million by 2025. Major factors driving mHealth market is increased adoption of wearables and health apps for monitoring personal health. High disposable income coupled with momentous growth in companies offering technologically advanced wearables will foster Germany market in the future.

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mHealth Market size is set to exceed USD 289.4 billion by 2025.Increasing focus on personalized care and precision medicine will stimulate mHealth market growth over the forecast period. Various pharmaceutical and healthcare companies are using apps and wearable devices to collect patient information and use that data to provide a holistic solution. Increasing online patient communities, growing usage of social media platforms for providing healthcare solutions and rising influence of advanced technologies will boost industry growth in the future.

Growing inclination and adoption of smartphone and tablets will propel the market in the future. In 2018, about 78% of the UK population used mobile phones compared to 17% in 2008. Sharp increase in mobile phone users is attributable to growing technological advancements coupled with better connectivity, thereby augmenting mHealth market growth.

Favorable government initiatives and regulations for promoting usage of health apps will foster industry growth across the forecast timeframe. For instance, National Health Services (NHS) in UK has developed NHS Health Apps Library that have stringent criteria and judge the app for its safety and technical proficiency. Such initiatives will increase the adoption rate of mobile health services, thereby driving business growth in the future.

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Mobile apps market is estimated to reach USD 198,601.3 million by 2025. Increasing number of smartphone users in both developed and developing economies will be the major driving factor. Moreover, various government initiatives to ensure safety and proficiency of health apps will favor mobile apps market growth in the future.

Remote monitoring business will grow at a momentous rate of 38.6% CAGR across the forecast period. High growth rate is attributable to increasing prevalence of chronic diseases and growing need to monitor the same. Remote monitoring of chronic diseases gives healthcare providers and caregivers real-time insights into patient’s disease profile and enables them to suggest appropriate therapy course.

Insurance companies market is expected to reach USD 36,883.9 million by 2025. Increased data processing power and improved communication methods are enabling insurance companies to lower cost and identify potential clients. Furthermore, mHealth technology reduce administrative costs of health insurers, making policy renewals easier, that will further propel business growth.

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mHealth Market, by Platform
o Mobile apps
o Wellness management
o Diet and nutrition
o Lifestyle and stress
o Exercise and fitness
o Health condition management
o Disease specific
o Medication reminders
o Women’s health and pregnancy
o Healthcare providers/insurance
o Wearable devices
o Fitness devices
o Blood glucose monitors
o Cardiac monitors
o Neurological monitors
o Respiratory monitors
o Body & temperature monitors
o Others

Related Report:

mHealth Market Analysis 2018-2024
https://www.marketwatch.com/press-release/by-2025-mhealth-market-to-grow-at-at-380-cagr-2019-03-06

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