mHealth Apps Market to Receive Overwhelming Growth of USD 640.08 billion with an Excellent CAGR of 29.6% by 2032, Size, Share, Trends, Growth and Revenue Outlook

The Global MHealth Apps Market report provides a detailed analysis of the current global market landscape, encompassing a variety of market dynamics. This report identifies and examines emerging trends alongside the key drivers, challenges, and opportunities within the industry. It includes historical data, current market trends, market conditions, technological advancements, and forthcoming innovations relevant to the industry. Data and insights are gathered from credible sources, such as company websites, annual reports, and industry journals, and validated by market experts. The MHealth Apps report covers primary manufacturers, suppliers, distributors, traders, customers, investors, as well as major product types and applications.

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The mHealth apps market, which was USD 87.03 billion in 2022, would rise to USD 640.08 billion by 2031 and is expected to undergo a CAGR of 29.6% during the forecast period 2023 to 2031.

A mobile health application, or mHealth app, is a kind of software created for smartphones, tablets, or wearable devices with the intention of supporting healthcare and promoting wellness. These apps provide a wide range of features and services that make it easier to monitor, educate, manage, and communicate about one's health.

Report Scope & Segmentation

Estimated Market Value (2022) 87.03 Bn

Projected Market Value (2031) 640.08 Bn

Base Year 2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Material, By Application & Region

Segments Covered

By Type, By Material, By Application & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

Key Players:

· Fitbit, Inc.

· Apple Inc.

· Omada Health

· Livongo Health

· Boston Scientific Corporation

· Omron Healthcare, Inc.

· Abbott

· Jawbone Health Hub, Inc.

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Regulatory Environment:

The regulatory landscape around mHealth apps is complex and ever-changing. Governments and regulatory agencies all around the world are realizing the importance of developing guidelines and standards to assure the safety, privacy, and efficiency of these apps. For an instance on the basis of the FDA's interpretation of the 21st Century Cures Act, which Congress adopted in 2016, the agency released a new drafting advice in December 2017. The guideline is meant to explain to app developers how it wants to govern so-called clinical decision support (CDS) apps, which give doctors suggestions for diagnoses and treatments. Patient decision support (PDS) applications, which merely provide information to the patient, are distinct from and different from CDS apps.

Recent Developments:

April, 2020 Google and Apple revealed their intention to release APIs that would allow Android and iOS products to communicate with one another.

April, 2020 A COVID-19 tracking system that relies on GPS tracking electronic bracelets and a coronavirus contact tracing application has been created by the Kingdom of Bahrain.

April, 2020 For the debut of the former's chatbot throughout LifeLink's 14 Philadelphia facilities, Jefferson Health system and LifeLink established a relationship. The chatbot would employ AI to help with the coronavirus epidemic pre-screen

Reason to Buy mHealth Apps Market Report?

• Get a complete image of the mHealth Apps market

• Identify growing segments and reasons for driving change

• Recognize the competitive environment, the market's key players and top brands

• 7 years' forecasts to judge how the mHealth Apps market is predicted to grow.

Market Drivers:

Growing Incidence of Chronic Illnesses is Fueling Growth

The most widespread use of these apps has been caused by chronic illnesses like heart disease, diabetes, hypertension, cardiac problems, and respiratory problems. People are becoming more aware of their health as these diseases become more prevalent. For an instance, according to a study by the WHO, an estimated 17.9 million deaths worldwide in 2019, or 32% of all fatalities, were attributable to CVDs (cardiovascular diseases). Heart attack and stroke deaths accounted for 85% of these fatalities. Because of this, it is necessary to continuously monitor the health conditions, and these apps are wonderful for doing so remotely by reminding patients to take care of their health according to their schedules and requirements, which eliminates the need for in-person clinic visits.

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