mHealth Solutions Market Growth Factors, Demand and Top Key Players - Medtronic plc (Ireland), Apple, Inc. (US), AirStrip Technologies (US), AliveCor, Inc. (US), Nike, Inc. (US), Koninklijke Philips N.V. (Netherlands)

mHealth Solutions Market research report has been produced with the systematic gathering of market information for the Healthcare industry. All this information is supplied in such a way that it properly gives an explanation of various facts and figures to the business. The market data provided in this report helps to discover diverse market opportunities present worldwide for the Healthcare industry. This report gives accurate information about market trends, industrial changes, and consumer behaviour etc. Taking up such a market research report is always very advantageous for any company, whether it is a small scale or large scale, for marketing of products or services. Analytical study of mHealth Solutions Market report helps in mapping growth strategies to increase sales and build brand image in the market.

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The prominent players in this market are

Medtronic plc (Ireland),
Apple, Inc. (US),
AirStrip Technologies (US),
AliveCor, Inc. (US),
Nike, Inc. (US),
Koninklijke Philips N.V. (Netherlands),
Johnson & Johnson (US),
Omron Corporation (Japan),
BioTelemetry, Inc. (US),
athenahealth, Inc. (US),
AgaMatrix, Inc. (US),
Withings S.A. (France),
and iHealth Labs, Inc. (US).

The global mHealth solutions market is projected to reach USD 213.6 billion by 2025 from USD 50.82 billion in 2020, at a high CAGR of 33.3% during the forecast period of 2020 to 2025. The growing adoption of smartphones, increasing penetration of 3G/4G networks, increasing utilization of connected devices and mHealth apps for the management of chronic diseases, rising focus on cost containment in healthcare delivery, rising focus on patient-centric healthcare delivery, and the increasing demand for home healthcare services are some of the key factors driving the greater uptake of mobile technologies among both patients and healthcare professionals.

“Based on product and service, the mHealth apps segment accounted for the largest share of the market in 2019.”

In 2019, the mHealth apps segment accounted for the largest share of the mHealth solutions market. The large share of this segment can be attributed to the high and growing penetration of smartphones and healthcare apps and the rising incidence of chronic and lifestyle-related diseases across the globe (coupled with the effective utilization of apps in chronic disease management).

“By region, North America accounted for the largest market share in 2019.”

In 2019, North America dominated the mHealth solutions market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The large share of North America in the mHealth solutions market can be attributed to the high penetration of smartphones, tablets, and other mobile platforms; increasing utilization of connected devices & mHealth apps for the management of chronic diseases; development & adoption of innovative technologies; and rising government initiatives.

Breakdown of primary participants is as mentioned below:

By Company Type: Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%
By Designation: C-level: 45%, Director-level: 30%, and Others: 25%
By Region: North America: 35%, Europe: 30%, Asia Pacific: 25%, Latin America: 5%, and Middle East & Africa: 5%

Research Coverage:

The report analyzes the mHealth Solutions market and aims at estimating the current size and future growth potential based on various segments, such as product& service and region. It also covers competitive leadership mapping, which helps in analyzing the position of key market companies as visionary leaders, innovators, dynamic players, and emerging players. The report also provides a competitive analysis of the leading players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a greater market, share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on product portfolios offered by the top players in the mHealth solutions market. The report analyzes this market by product & service and region.
Product Enhancement/Innovation: Detailed insights on upcoming trends and service launches in the mHealth solutions industry.
Market Development: Comprehensive information on the lucrative emerging markets by product & service and region.
Market Diversification: Exhaustive information about new testing services, recent developments, and investments in them Health solutions industry.
Competitive Assessment: In-depth assessment of market shares, growth strategies, service offerings, and capabilities of leading players in them Health solutions market.

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Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Research
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Research
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1.1 Bottom-Up Approach
2.2.1.2 Top-Down Approach
2.2.1.3 Growth Forecast
2.3 Data Triangulation Approach
2.4 Market Share Estimation

3 Executive Summary

4 Premium Insights
4.1 mHealth Solutions Market Overview
4.2 APAC: mHealth Solutions Market, By Product & Service
4.3 Geographic Snapshot of the mHealth Solutions Market
4.4 Regional Mix: Market
4.5 Market: Developing vs Developed Markets

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Increasing Penetration of Smartphones, Tablets, and Other Mobile Platforms
5.2.1.2 Increasing Utilization of Connected Devices and mHealth Apps for the Management of Chronic Diseases
5.2.1.3 Cost Containment in Healthcare Delivery
5.2.1.4 Robust Penetration of 3G and 4G Networks for Uninterrupted Healthcare Services
5.2.1.5 Rising Focus on Patient-Centric Healthcare Delivery
5.2.1.6 Increasing Demand for Home Healthcare Services
5.2.2 Market Restraints
5.2.2.1 Lack of Standards and Regulations as Well as Paucity of Reimbursements
5.2.2.2 Limited Guidance From Physicians in Selecting Apps
5.2.2.3 Resistance From Traditional Healthcare Providers
5.2.3 Market Opportunities
5.2.3.1 Increasing Incidence of Lifestyle Disorders
5.2.3.2 Low Physician Density Creating A Platform for the Greater Adoption of mHealth Apps in Developing Countries
5.2.3.3 Growing Adoption of mHealth Solutions in Other Mobile Platforms
5.2.3.4 Increasing Adoption of AI and 5G
5.2.4 Market Challenges
5.2.4.1 Authenticity and Reliability
5.2.4.2 Patent Protection for mHealth Devices and Applications
5.2.4.3 Lack of Data Security Giving Rise to Concerns Regarding Data Theft and Healthcare Fraud

6 Industry Insights
6.1 Industry Trends
6.1.1 Increasing Utilization of mHealth Solutions for Personalized Patient Engagement
6.1.2 Remote Monitoring and Growing Focus on Consumer-Centric Mobility Solutions
6.1.3 Growing Application of Cloud-Based mHealth Solutions Across the Healthcare Ecosystem
6.1.4 Wearable Health Sensors
6.1.5 Increasing Demand for Urgent Care Apps
6.1.6 Future Trends in mHealth Devices
6.1.7 Adoption Analysis of Connected Devices
6.2 mHealth Apps: Market Highlights
6.2.1 Demand and Supply
6.2.2 Adoption Analysis
6.2.3 mHealth Revenue Trends
6.2.4 Future Trends
6.3 Mobile Healthcare Ecosystem: Stakeholder Analysis
6.3.4 Network Providers

7 mHealth Solutions Market, By Product & Service
7.1 Introduction
7.2 mHealth Apps
7.2.1 Healthcare Apps
7.2.1.1 Chronic Care Management Apps
7.2.1.1.1 Mental Health & Behavioral Disorder Management Apps
7.2.1.1.1.1 in 2019, This Segment Accounted for the Largest Share of the Chronic Care Management Apps Market
7.2.1.1.2 Diabetes Management Apps
7.2.1.1.2.1 Growing Prevalence of Diabetes to Drive the Demand for These Apps
7.2.1.1.3 Blood Pressure & ECG Monitoring Apps
7.2.1.1.3.1 Rising Incidence of Cvds to Drive the Demand for These Apps
7.2.1.1.4 Cancer Management Apps
7.2.1.1.4.1 Cancer Management Apps Educate Patients on the Latest News and Trends in Oncology
7.2.1.1.5 Other Chronic Care Management Apps
7.2.1.2 General Health & Fitness Apps
7.2.1.2.1 Health Tracking Apps
7.2.1.2.1.1 in 2019, Health Tracking Apps Accounted for the Largest Share of the General Health & Fitness Apps Market
7.2.1.2.2 Obesity & Weight Management Apps
7.2.1.2.2.1 Growth in the Obese Population to Drive the Demand for These Apps
7.2.1.2.3 Fitness & Nutrition Apps
7.2.1.2.3.1 These Apps Help People Attain Their Food and Fitness Goals Cost-Effectively
7.2.1.3 Medication Management Apps
7.2.1.4 Women’s Health Apps
7.2.1.4.1 Pregnancy Apps
7.2.1.4.1.1 in 2019, Pregnancy Apps Accounted for the Largest Share of the Women’s Health Apps Market
7.2.1.4.2 Fertility Apps
7.2.1.4.2.1 Increasing Prevalence of Reproductive Organ Disorders to Drive the Growth of This Segment
7.2.1.4.3 Breastfeeding Apps
7.2.1.4.3.1 Increasing Awareness About Baby Care is Expected to Play A Pivotal Role in the Growth of the Breastfeeding Apps Market
7.2.1.4.4 Other Women’s Health Apps
7.2.1.5 Personal Health Record Apps
7.2.1.6 Other Healthcare Apps
7.2.2 Medical Apps
7.2.2.1 Patient Management & Monitoring Apps
7.2.2.1.1 Rise in the Availability and Enhanced Quality of Medical Software Apps Propels to the Growth Market
7.2.2.2 Medical Reference Apps
7.2.2.2.1 Reluctance of Physicians to Use These Apps Due to Reliability Issues Can Limit the Growth of This Market
7.2.2.3 Communication & Consulting Apps
7.2.2.3.1 Growth in This Segment is Attributed to the Increasing Focus on Patient-Centric Care Delivery
7.2.2.4 Continuing Medical Education App
7.2.2.4.1 Rapid Adoption of Touchscreen Tablets Will Lead to the Equally Rapid Adoption and Deployment of Cme Apps to Enhance Knowledge and Skills
7.3 Connected Medical Devices
7.3.1 Vital Signs Monitoring Devices
7.3.1.1 Blood Pressure Monitors
7.3.1.1.1 Increase Prevalence of Hypertension is the Key Factor Driving the Demand for These Monitors
7.3.1.2 Blood Glucose Meters
7.3.1.2.1 Growth in the Number of Diabetics Propel the Adoption of Blood Glucose Monitoring Devices
7.3.1.3 ECG/Heart Rate Monitors
7.3.1.3.1 ECG Monitors are Used to Detect Uneven Heart Rhythms
7.3.1.4 Pulse Oximeters
7.3.1.4.1 Growth in This Market is Mainly Driven By the Growing Adoption of Pulse Oximeters for Self-Monitoring Purposes
7.3.1.5 Peak Flowmeters
7.3.1.5.1 Growth in This Market is Mainly Driven By the Growing Prevalence of Asthma and Other Respiratory Disorders
7.3.1.6 Sleep Apnea Monitors
7.3.1.6.1 Rise in the Condition of Habitual Snoring to Drive the Demand for Sleep Apnea Monitors
7.3.1.7 Multiparameter Trackers
7.3.1.7.1 Increase in the Prevalence of Chronic Diseases to Drive This Market Segment
7.3.1.8 Fetal Monitoring Devices
7.3.1.8.1 Rise in the Number of Preterm Births From Successful in Vitro Fertilization to Drive This Segment
7.3.1.9 Neurological Monitoring Devices
7.3.1.9.1 Growing Prevalence of Neurological Diseases to Drive This Segment
7.3.1.10 Other Connected Medical Devices
7.4 mHealth Services
7.4.1 Remote Monitoring Service
7.4.1.1 in 2019, Remote Monitoring Services Accounted for the Largest Share of 65.5% of the Global mHealth Services Market
7.4.2 Diagnosis & Consultation Services
7.4.2.1 Increase in the Geriatric Population is Propelling the Growth of This Market
7.4.3 Treatment Services
7.4.3.1 Treatment Services Enable Physicians to Treat Patients Remotely
7.4.4 Healthcare System Strengthening Services
7.4.4.1 These Services Help Healthcare Workers to Collect Health-Related Information and Track the Outbreak of Diseases and Epidemics
7.4.5 Fitness & Wellness Services
7.4.5.1 Increase in Health Awareness in Developed Countries to Drive the Growth of This Segment
7.4.6 Prevention Services
7.4.6.1 Rising Prevalence of Diseases Such as Aids, Polio, Hepatitis, and Tuberculosis is Driving the Growth of the Prevention Services Market

8 mHealth Solutions Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 in 2019, the US Accounted for the Largest Share of the mHealth Solutions Market in North America
8.2.2 Canada
8.2.2.1 Need for the Curtailment of Escalating Healthcare Cost to Drive the Market in Canada
8.3 Europe
8.3.1 Germany
8.3.1.1 Need for Better and Improved Healthcare Services Will Drive the Adoption of Mobile Health Solutions in the Country
8.3.2 UK
8.3.2.1 Increase in the Incidence of Chronic and Lifestyle Diseases have Increased the Burden on the Healthcare System in the UK
8.3.3 France
8.3.3.1 Use of Telehealth Solutions and Services Through Big Data to Propel Market Growth
8.3.4 Italy
8.3.4.1 Increasing Government Initiatives for the Implementation of Ehealth Technologies to Push the Market Growth
8.3.5 Spain
8.3.5.1 Spain Accounts for One of the Highest Levels of Mobile Phone Penetration in Europe
8.3.6 Rest of Europe (RoE)
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Market Growth in Japan is Mainly Driven By Rising Health Expenditure and the Geriatric Population
8.4.2 China
8.4.2.1 Growing Focus of Public & Private Players on mHealth Solution Deployment in China to Drive Market Growth
8.4.3 India
8.4.3.1 Increasing Need to Reduce the Rising Healthcare Costs to Drive the Market in India
8.4.4 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.1.1 in 2019, Brazil Accounted for the Largest Share of the mHealth Solutions Market in Latin America
8.5.2 Mexico
8.5.2.1 Rising Need to Curtail Healthcare Expenditure to Drive the mHealth Solutions Market in Mexico
8.5.3 Rest of Latin America
8.6 Middle East and Africa
8.6.1 Many Non-Government Organizations and Global Market Players are Investing in Building A Healthcare Mobility Framework in the MEA Region

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis
9.3 Competitive Leadership Mapping, 2019
9.3.1 Visionary Leaders
9.3.2 Innovators
9.3.3 Emerging Companies
9.3.4 Dynamic Differentiators
9.4 Competitive Situation and Trends
9.4.1 New Product Launches & Enhancements
9.4.2 Partnerships, Collaborations, and Agreements
9.4.3 Acquisitions

10 Company Profiles
10.1 Medtronic PLC
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 MnM View
10.2 Koninklijke Philips N.V.
10.2.4 MnM View
10.3 Omron Healthcare Co., LTD. (A Part of Omron Corporation)
10.3.1 Business Overview
10.3.4 MnM View
10.4 Johnson & Johnson
10.4.2 Products and Services Offered
10.4.4 MnM View
10.5 Cerner Corporation
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 Recent Developments
10.6 BioTelemetry, Inc.
10.7 Apple, Inc.
10.7.1 Business Overview
10.7.2 Products Offered
10.7.3 Recent Developments
10.8 Withings S.A.
10.8.1 Business Overview
10.8.2 Products Offered
10.9 AliveCor, Inc.
10.10 AirStrip Technologies
10.10.1 Business Overview
10.10.2 Products and Services Offered
10.11 Athenahealth, Inc. (A Part of Veritas Capital)
10.11.3 Recent Developments
10.12 iHealth Lab, Inc. (A Part of Andon Health Co., LTD.)
10.13 AT&T, Inc.
10.14 AgaMatrix, Inc.
10.15 Cisco Systems, Inc.
10.16 Additional Companies

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

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