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Mobile Health (mHealth) Market 2030 Major Industry Drivers and Upcoming Opportunities - AT&T Inc., Google, Inc., Samsung Electronics Co. Ltd., Orange, Apple, Inc., Koninklijke Philips N.V
Market InsightsIn the m-Health market, companies sell connected medical devices, mHealth applications, and m-Health services, for diabetes, blood pressure, heart disease, respiratory care, mental health, chronic disease, sleep disorders, obesity, and neurological disorders management to hospitals and clinics, patients and caregivers, healthcare providers, specialty care centers, ambulatory care centers, health, and wellness centers.
Mobile Health (mHealth) Market's Major Drivers
• The rising penetration of digital health services for remote patient monitoring
• Growing awareness among individuals to use mobile health solutions.
• High preference for mobile medical platforms and the positive attitude of healthcare professionals toward real-time patient care
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Supportive government initiatives to introduce and promote digital health
In 2022, the National Institutes of Health (NIH) developed a program called Mobile Health: Technology and Outcomes in Low and Middle-Income Countries (mHealth), promoting exploratory and developmental research. This research examines the creation, validation, practicability, and efficacy of novel mobile health (mHealth) interventions or tools that are tailored for low- and middle-income countries (LMICs). It also helps to make use of cutting-edge or new technology, platforms, systems, or analytics.
The program's overarching objectives are to build an evidence base for the use of mHealth technology to improve clinical and public health outcomes, strengthen mHealth research capacity in LMICs, and accelerate innovation through multidisciplinary research that addresses global health concerns.
More, government agencies in different countries are embracing telemedicine by putting new rules and reimbursement standards in place. Following are some government initiatives by US, Germany, India, and Dubai to support telemedicine and teleconsultation.
US
To assist doctors in implementing telehealth services, The Physicians Foundation, American Medical Association, Florida Medical Association, Massachusetts Medical Society, and Texas Medical Association established The Telehealth Initiative in 2020. That assisted the 24 participating practices' 168 participating doctors in redesigning the practices so they could successfully offer telehealth services to their patients throughout COVID-19 and beyond in the USA.
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Upcoming Opportunities in Mobile Health (mHealth) Market
Overcome healthcare staff shortage in the future with automation in patient management with the help of AI
mHealth is associated with health records that can be used for research purposes with the patient's consent. Health records consist of clinical details of doctors, their notes and prescriptions, CT images, MRI images, laboratory data, documents from the drugstore, files from the insurance, audio, video, chats, etc. known as big data. All this data is available in an unorganized format and it will take a lot of time for analysis and increase research costs. AI can solve this problem by using big data analytics and reducing data processing costs.
Despite this very few mHealth applications are AI-enabled. For instance, according to the Innovation Eye report, Global mHealth Industry Landscape Overview 2020, 92.80% mHealth applications are without artificial intelligence (AI). This study surveyed around 260 global mHealth app companies.
Major Market Players Covered in The Mobile Health (mHealth) Market Are:
A few of the major competitors currently working in the global Mobile Health (mHealth) market are AT&T Inc., Google, Inc., Samsung Electronics Co. Ltd., Orange, Apple, Inc., Koninklijke Philips N.V, Johnson & Johnson, Medtronic plc., Cerner Corporation, Masimo Corporation, and Other Companies.
Global Mobile Health (mHealth) Market Segments
Key Segments: Connected Medical Devices, Vital Signs Monitoring Devices, m-Health Applications, m-Health Services, Diabetes, Blood pressure, Continuing Medical Education Apps
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Based on regions, the Mobile Health (mHealth) Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina, etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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