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mHealth Market Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts to 2028 | Medtronic Inc., Apple Inc., Sanofi, Mobistante, Inc., AirStrip Technologies,

06-10-2022 12:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

mHealth

mHealth

Growing adoption of smartphones is driving mHealth market growth

Market Overview:

mHealth is used for collection of clinical health data and delivery of healthcare information to medical personnel to real time monitoring of the patient by provision of direct care.

Competitive Landscape:

Medtronic Inc., Apple Inc., Sanofi, Mobistante, Inc., AirStrip Technologies, Inc., AliveCor, Inc., LifeWatch AG, Koninklijke Philips N.V, Jawbone, Nike, Inc., Omron Corporation, Johnson and Johnson, Bio Telemetry Inc., Withings, AgaMatrix Inc., iHealth Lab Inc., Elucid Mhealth, Qualcomm, AT&T, Cerner Corporation and Cisco Inc.

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Key Market Drivers:

Growing adoption of smartphones is a prime factor global mHealth market growth. According to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.

Growing prevalence of chronic disease is again projected to foster market growth. International Diabetes Federation Diabetes Atlas, 9th edition", published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Covid-19 Impact Analysis

The outbreak of Covid-19 pandemic has severely disrupted to the healthcare service due to lockdown and travel ban. However, increasing economic pressures and unmet population needs have compelled governments to reopen societies. But reopening has to be balanced with public health safety and this balance has created need for digital transformation across many industries, including healthcare sector.

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Key Takeaways:

1. The mHealth market is expected to the forecast owing to the launch of new product. For instance, in June 2020, Fitbit launched a new Ready for Work solution that gives employees access to key health metrics from their Fitbit device along with exposure, symptom and temperature logging, to help employers with the unprecedented challenge of returning to the workplace during the COVID-19 pandemic.

2. North America is expected to gain significant growth over the forecast period owing to the increasing investment in digital health solution. For instance, in May 2019, SpaceX launched the first 60 operational satellites of its network of satellites called Starlink that is tasked to provide satellite Internet access.

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About US:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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