mHealth Market is estimated to reach US$ 246,820.4 Mn with a CAGR of 31.3% Till 2025 with Koninklijke Philips N.V., Medtronic, Boston Scientific Corporation, Athenahealth, Inc., Honeywell Life Care Solutions, Cisco Systems, Inc., Omron Corporation, Masimo

According to our new research study on “mHealth Market Forecast To 2025 –Global Analysis by Services, Devices, and End User” the market is expected to reach US$ 246,820.4 million in 2025 from US$ 22,722.1 in 2017; it is estimated to grow at a CAGR of 31.3% from 2016 to 2025. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the mHealth market is attributed to the rising adoption ICT technology, rising growing number of chronic diseases and other technological developments are boosting the market over the years. However, the shortage of providers or lack of experience and restriction by laws and problems with lack of existing infrastructure is likely to have a negative impact on the growth of the market.

Download Sample PDF mHealth Report Copy at: https://www.theinsightpartners.com/sample/TIPHE100000821/?openpr-10225

Market Insights

Increasing Adoption of Smartphones & Other Mobile Platforms to Drive mHealth Market Growth

Smartphones are knows as significantly auspicious tools that helps to change the health-related behaviors and to manage chronic conditions. The smartphones also contribute to make healthcare practices more easy and manageable by, collecting health data or healthcare information and offer services to the patients. The mHealth technology is a tool that supports treatments, disease surveillance and chronic disease management. Due to the easy access and vast variety of applications, the large number of people can use these mobile health apps. Moreover, mobile health or mHealth apps providing new opportunities such as product launches and new technology to manage chronic conditions and to change health-related behaviors. For instance, in September 2015, the World Health Organization (WHO) launched a mHealth toolkit that helps innovators to expand the ventures related to child and adolescent health, maternal, reproductive and newborn. Moreover, in March 2016, ZTE Corporation launched mHealth product in Germany that is used for all-in-one physical examination stations. Additionally, the increasing production of smartphones enable the easier access to the Internet that is likely to rise more focus on mHealth market.

Service-Based Insights

In terms of service, the mHealth market is segmented into remote monitoring services, diagnosis services treatment services, health support services, fitness & wellness services and others. In 2017, the remote monitoring services segment held larger share of the market. Also, the same segment is estimated to register highest CAGR during the forecast period.

Device-Based Insights

Based on devices, the mHealth market is segmented into insulin pump, BP monitor, glucose monitor, personal pulse oximeters and others. The insulin pump segment held the largest market share in 2017, and the same segment is estimated to register the highest CAGR during the forecast period.

End User-Based Insights

In terms of end user, the mHealth market is segmented into mobile operators, devices vendors, health providers and others. The mobile operators segment held the largest share of the market in 2017, and it is further estimated to register the highest CAGR during the forecast period.

Strategic Insights

The mHealth market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

Based on services, the mHealth market is segmented into remote monitoring services, diagnosis services treatment services, health support services, fitness & wellness services and others. In 2017, the remote monitoring services segment held larger share of the market. Also, the same segment is estimated to register highest CAGR during the forecast period. Rising prevalence of chronic diseases and growing aging population across the globe offer lucrative opportunities for the growth of remote monitoring services segment.

The mHealth market is expected to witness substantial growth post-pandemic. Mobile health solutions and telehealth have emerged as essential components of healthcare that offer accessible and cost-effective answers in order to enhance public health as they allow healthcare professionals to address patients’ needs remotely and reduce the burden on the hospital systems. mHealth technologies such as wearable sensors and mobile apps were utilized to their maximum potential, which helps to monitor COVID-19 patients and suspected cases, served as a great path to lessen the effects of the pandemic, which is particularly important for vulnerable populations such as the elderly and patients with pre-existing conditions. Hence, overall mobile-based systems for self-care and patient tracking increased, and the market witnessed a surged demand during the situation and continue to grow substantially in the forecast period.

Company Profiles

Koninklijke Philips N.V., Medtronic, Boston Scientific Corporation, Athenahealth, Inc., Honeywell Life Care Solutions, Cisco Systems, Inc., Omron Corporation, Masimo, Agamatrix, Inc. are among the leading companies operating in the mHealth market.

The report segments mHealth market as follows:

By Services

Remote Monitoring Services
Treatment Services
Diagnosis Services
Health Support Services
Fitness & Wellness Services
Others

By Devices

Insulin Pump
BP Monitor
Glucose Monitor
Personal Pulse Oximeters
Others

By End User

Mobile Operators
Devices Vendors
Health Providers
Other

By Geography

North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South and Central America (SCAM)
Brazil
Argentina
Rest of SCAM

Buy Complete mHealth Report at: https://www.theinsightpartners.com/buy/TIPHE100000821/?openpr-10225

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.