Mobile Health (mhealth) Market to gain market growth at a potential rate of 35.18%, Industry Trends and Forecast to 2029

MHealth is defined as a diverse branch of eHealth that deals with patient data collection. This patient-related data is gathered using wireless electronic devices such as mobile phones, wearable devices, and other mHealth devices. Furthermore, using a mHealth application, the collected patient data is stored on a remote cloud.

The number of internet applications in healthcare has grown exponentially in recent years. The internet has connected all points in healthcare administration/services, resulting in the creation of a separate network for healthcare known as the Internet of Things (IoT). Healthcare professionals can deliver health information to consumers more conveniently, in less time, and at a lower cost with the help of the internet.

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Mobile health (mhealth) market is expected to gain market growth at a potential rate of 35.18% in the forecast period of 2020 to 2029 and would reach an estimated value of 230.33 billion by the end of the forecast period. Increased penetration of smartphones, tablets, and other similar devices, rising technological advancements in internet connectivity to provide uninterrupted healthcare services, and rising prevalence of chronic and other infectious diseases are the major factors driving the mHealth market's growth.

Opportunities

.The rise in the prevalence of lifestyle disorders, the integration of wireless technologies with portable healthcare devices, technological innovations, and favourable government initiatives are the major factors driving the growth of the mHealth market. Furthermore, the affordability of smartphones and the increased adoption of mHealth among medical professionals drive the growth of the mobile health market.

Some of the major players operating in the mobile health (mhealth) market are

Koninklijke Philips N.V. (Netherlands)

Abbott (US)

Medtronic (Ireland)

Johnson & Johnson Private Limited (US)

Apple, Inc. (US)

AirStrip Technologies Inc. (US)

AliveCor India (US)

Omron Corporation (Japan)

BioTelemetry, a Philips Company (US)

athenahealth, Inc. (US)

AgaMatrix (US)

Withings (France)

iHealth Labs, Inc. (US)

Cerner Corporation (US)

ZTE Corporation (China)

Nokia (Finland)

Cisco Systems, Inc. (US)

AT&T Intellectual Property (US)

Qualcomm Technologies, Inc. (US)

Global Mobile Health (mhealth) Market Scope

The mobile health (mhealth) market is segmented on the basis of product and service, mHealth apps, medical apps and mHealth services.. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product and Service

Connected medical devices

Other connected medical devices

Based on product and service, the mHealth market is segmented into connected medical devices and other connected medical devices. Connected medical devices segment is further sub-segmented into vital signs monitoring devices, peak flow meters, foetal monitoring devices, multi-parameter trackers, sleep apnoea monitors and neurological monitoring devices. Vital signs monitoring devices segment is further bifurcated into blood pressure monitors, blood glucose meters, ECG/heart rate monitors and pulse oximeters.

M health apps

Healthcare apps

Medication management apps

On the basis of mHealth apps, the mHealth market is classified into healthcare apps and medication management apps. Healthcare apps segment is further sub-segmented into general health and fitness apps, chronic care management apps, mental health and behavioural disorder management apps, diabetes management apps, blood pressure and ECG monitoring apps, cancer management apps and other chronic care management apps. General health and fitness apps segment is further bifurcated into health tracking apps, obesity and weight management apps and fitness and nutrition apps. Medication management apps is sub-segmented into women's health apps, personal health record apps and other healthcare apps. Women's health apps segment is sub-segmented into pregnancy apps, fertility apps, breastfeeding apps and other women's health apps.

Medical apps

Medical reference apps

Continuing medical education apps

Patient management and monitoring apps

Communication and consulting apps

On the basis of medical apps, the mHealth market is classified into medical reference apps, continuing medical education apps, patient management and monitoring apps and communication and consulting apps.

Mhealth services

Remote monitoring services

Diagnosis and consultation services

Treatment services

Healthcare system strengthening services

Fitness and wellness services

Prevention services

On the basis of mHealth services, the mHealth market is classified into remote monitoring services, diagnosis and consultation services, treatment services, healthcare system strengthening services, fitness and wellness services and prevention services.

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