mHealth Market to Exhibit a Remarkable 28.5% CAGR; Industry Size, Demand, Share, Trends Analysis 2028
The mHealth market is expected to grow from US$ 70.83 billion in 2021 to US$ 410.39 billion by 2028; it is estimated to grow at a CAGR of 28.5% during 2021-2028.
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An international MHealth business report explains market definition, classifications, applications, and engagements in the market. The industry report makes available an in-depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis. This wide-ranging report is the best overview about global industry perspective, comprehensive analysis, size, share, growth, segment, trends and forecast. The winning MHealth report includes estimations of all the market drivers and market restraints which are mainly obtained from SWOT analysis while also providing the CAGR projections for the historic year 2019, base year 2021, and forecast period 2021 -2028.
Market Analysis and Insights
Mobile health (mHealth) is a technique that includes the use of mobile commination devices, such as mobile phones, tablets, personal digital assistants (PDAs), and other wireless devices for distributing health services and information. mHealth unlocks new opportunities for improving the monitoring of chronic conditions and helps in developing the prevention and treatment of remote patients`. mHealth enables healthcare providers to offer consultation services, care management, diagnosis, and self-management services by using information & communication technologies (ICT). It involves a wide variety of technologies and tactics to deliver virtual medical, health, and education services to users. mHealth is also a collection of means that can be used to enhance educational services. It includes instruments, apparatus, machines, or software (including mobile applications) that are involved in the delivery of healthcare services. The increasing adoption of smartphones and other mobile platforms, and the exponential spread of COVID-19 contribute to the market progress. Further, growing awareness regarding mHealth and rising government funding for the development and adoption of virtual medical platforms are likely to foster the mHealth market growth during the forecast period. However, security and privacy issues restrict the market growth.
Rapid Spread of COVID-19 Fuels mHealth Market Growth
The COVID-19 outbreak has become a threat to public health. Various emergency actions were taken by country governments to limit the spread of this disease; of these, the COVAX initiative by World Health Organization (WHO) was aggressively enacted. Vaccination against COVID-19 has been made mandatory for people across the world. Moreover, governments in different countries have instructed their travel and tourism departments to thoroughly check the vaccination status of travelers coming to the respective countries.
Telemedicine is a rapidly expanding field of medicine and an alternative method for delivering quality medical care to patients, who now have various healthcare services at their fingertips. With the COVID-19 pandemic, there has been an increase in the use of telemedicine to connect patients and healthcare providers, which has been made possible by mobile health (mHealth) applications. The vigorous growth of mobile technologies has paved the way for the proliferation of mHealth; there is increasing evidence from WHO that suggests mHealth has improved patient lives, especially during the COVID-19 pandemic, as a majority of the population was reluctant to step out of their quarantine facilities and homes for any need. Moreover, the possible cost-effectiveness of medical practices for consumers/patients contributes to the mHealth market growth.
The mHealth market, by device, is segmented into insulin pump, BP monitor, glucose monitor, personal pulse oximeter, and other devices. The insulin pump segment held the largest share of the market in 2021. However, the personal pulse oximeter segment is anticipated to register the highest CAGR in the market during the forecast period.
Some of The Key Players Covered in the MHealth Market are
Allscripts Healthcare LLC
Koninklijke Philips N.V.
Boston Scientific Corp.
Honeywell Life Care Solutions
Cisco Systems Inc.
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Regions and Country Level Analysis:
The report offers exhaustive assessment of different region-wise and country-wise MHealth markets such as the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Argentina, Saudi Arabia, UAE, Turkey, etc.
The report includes country-wise and region-wise market size for the period 2021-2028, by countries (regions), by Type, and by Application, as well as by players for North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
The Insight Partners Virtual Receptionist Solutions Market Research Report Scenario includes:
The report provides qualitative and quantitative trends of global Virtual Receptionist Solutions Market across type, type of products, service, and geography.
The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Virtual Receptionist Solutions Market.
Chapter Three provides the research methodology of the study.
Chapter Four further provides PEST analysis for each region.
Chapter Five highlights the key industry dynamics in the Virtual Receptionist Solutions Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
Chapter Six discusses the global Virtual Receptionist Solutions Market scenario, in terms of historical market revenues, and forecast till the year 2027.
Chapter Seven to ten discuss Virtual Receptionist Solutions Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
Chapter Twelve provides the detailed profiles of the key companies operating in the global Virtual Receptionist Solutions Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.
The MHealth market report provides answers to the following key questions:
What will be the MHealth market size and the growth rate in the coming year?
What are the main key factors driving the global MHealth market?
What are the key market trends impacting the growth of the global MHealth market?
Which are Trending factors influencing the market shares of the top regions across the globe?
Who are the key market players and what are their strategies in the global MHealth market?
What are the market opportunities and threats faced by the vendors in the global MHealth market?
What industrial trends, drivers and challenges are manipulating its growth?
What are the key outcomes of the five forces analysis of the global MHealth market?
What is the impact of Covid19 on the current industry?
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