Consumer mHealth Market to Witness an Outstanding Growth by 2026

The drivers of consumer mHealth market are advancements in medical technologies or increase in adoption of smartphones, increase in income levels, change in consumer preferences due to rising adoption for data services, healthy government policies, and significant regulatory scrutiny. Furthermore, increase in physicians’ acceptance, increasing the prevalence of diseases due to rising aging population and changing lifestyle, and increasing incidences of chronic diseases (diabetes, heart ailments & cancer).

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Despite of having these benefits, the consumer mHealth market struggles from some challenges such as security concerns for privacy and data safety, rising healthcare expenditures, shortage of trained professionals as well as lack of effective healthcare delivery infrastructure.

Consumer mHealth Market: Segmentation

Consumer mHealth Market, by Product/Medical Devices,Blood glucose meters,Blood pressure monitors,Neurological monitoring devices,ECG monitors
Other connected medical devices (Digital skin sensors, Coagulation monitors, Pregnancy and Women’s health monitors) ,Consumer mHealth Market, by Type of Services

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Globally, monitoring services is anticipated to have the largest market share and it will be driven primarily by solutions that help independent ageing, post-acute care service and chronic disease management by generating revenues from developed and large developing countries such as China.

Furthermore, Diagnosis services are projected to generate revenue from developing countries, and healthcare systems strengthening services will be the prominent category in both developed & developing countries due to high applicability and social benefit. In addition, Mobile operators are anticipated to be the key players followed by, healthcare providers, content players and device vendors.

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