The mHealth market refers to the use of mobile devices, such as smartphones and tablets, to deliver healthcare services and information. The market includes a wide range of applications, such as fitness tracking, remote patient monitoring, telemedicine, medication adherence, and electronic health records. The mHealth market has experienced significant growth in recent years, driven by the increasing adoption of mobile devices, the growing prevalence of chronic diseases, and the need for cost-effective healthcare solutions. The global mHealth market size was valued at USD 49.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 22.8% from 2021 to 2028.
The market is divided into various segments based on application, end-user, and region. The application segment includes wellness management, disease management, and others. The end-user segment includes patients, healthcare providers, and payers. The regional segment includes North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is currently the largest market for mHealth, followed by Europe and Asia-Pacific. The growth in the North American market is driven by factors such as the presence of key players, favorable government initiatives, and high smartphone penetration rates.
Key players in the mHealth market include Apple Inc., Google Inc., Samsung Electronics Co. Ltd., AT&T Inc., and Qualcomm Inc. Other notable players in the market include Fitbit Inc., Jawbone, Nike Inc., and Withings.
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Key findings of the MHealth market study:
- The report provides a present market outlook on mHealth. Additionally, the mHealth market share is anticipated to grow with a CAGR of 12% in the forecast period.
- Regional breakdown of the MHealth market based on predefined taxonomy.
- Innovative manufacturing processes implemented by MHealth vendors in detail.
- Region-wise and country-wise fragmentation of the MHealth market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global MHealth market.
- MHealth price, market share, and Trends forecast for assessment period 2022-2032
Key Segments Covered in the mHealth Research Report
- By Component
- mHealth Wearables
- BP Monitors
- Glucose Monitors
- Pulse Oximeters
- Sleep Apnea Monitors (PSG)
- Neurological Monitors
- Activity Trackers/Actigraphs
- mHealth Apps
- Medical Apps
- Women’s Health
- Personal Health Record Apps
- Medication Management Apps
- Disease Management Apps
- Diagnostic Apps
- Remote Monitoring Apps
- Others
- Fitness Apps
- Exercise & Fitness
- Diet & Nutrition
- Lifestyle & Stress
- Medical Apps
- mHealth Wearables
- By Services
- mHealth Monitoring Services
- Independent Aging Solutions
- Chronic Disease Management & Post-acute Care Services
- mHealth Diagnosis Services
- mHealthcare Systems Strengthening Services
- Other mHealth Services
- mHealth Monitoring Services
- By Participants
- Mobile mHealth Operators
- mHealth Device Vendors
- mHealth Content Players
- mHealthcare Providers
Competitive Landscape
The MHealth industry is dominated by some prominent players including
- AT&T
- Samsung Electronics Co
- Allscripts Healthcare Solutions
- Apple Inc.
- Orange
- mQure
- Qualcomm Technologies, Inc.
- SoftServe
- Google Inc.
- Airstrip Technologies, Inc.
- Telefonica S.A.
- Vodafone Group
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the MHealth market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for MHealth brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- MHealth Company & brand share analysis: Company and brand share analysis on MHealth reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- MHealth Historical volume analysis: The industry analysis provides data & insights on historical volume sales of MHealth
- MHealth Category & segment level analysis: Fact.MR’s MHealth sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- MHealth Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on MHealth: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments