Global Mobile Health (mHealth) Market Research Report - Size, Share, Growth, Trends, COVID-19 Impact Analysis - Industry Forecast (2022 to 2026)

Mobile Health (mHealth) Market Size (2022-2027)

The global Mobile (mHealth) market size is appropriate to reach USD 156. 42 billion by 2027 from 35.14 billion in 2020, witnessing a CAGR of 36.56% during the forecast period. 

mHealth is a digital device and a branch of eHealth which deals with gathering patient data. mHealth app is used in the healthcare sector, and public health is aided by mobile devices like wireless infrastructure, digital assistants, and tablets. 

mHealth apps provide a wide range of uses like easy access to healthcare providers, making remote patient monitoring possible, and advancing clinical coordination. mHealth is the employment of mobile technologies providing healthcare solutions throughout the patient journey. mHealth aims to enable patients with information and management of their own health. The mHealth apps help in minimizing the cost and increasing access across the system.

MARKET DRIVERS

The mounting aged population with growing frequent chronic diseases like diabetes, cancer, etc., patients are highly adopting mHealth devices to keep track of health-related information like emergencies, imaging tests, etc. The factors help in pushing the mHealth market forward. People are more aware of using mobile health apps by government, physicians, app development firms, and hospitals fuel the market growth during the predicted period. 

The rising use of smartphones, and the internet through mobile phones across developed and developing countries has significantly risen fostering the market growth. Around 4.3 billion independents are using the internet actively. The use of mHealth apps for communication and training is nourishing, and the increasing demand to develop communication amid healthcare units to accelerate patient care is essential. 

MARKET RESTRAINTS

However, certain elements like security and privacy issues severely affect the process, execution, and reputation of mHealth hindering the market growth globally. The use of the mHealth app is creating huge losses among physicians and hospitals towards confidential and critical information. 

Segment Analysis

Mobile Health (mHealth) Market - By Service Type:

  • Treatment Services
    • Independent Aging Solutions
    • Chronic Disease Management
  • Diagnostic Services
  • Monitoring Services
    • Remote Patient Monitoring Devices
    • Medical Call Centers Manned by Healthcare Professionals
    • Teleconsultation
    • Post-Acute Care Services
  • Wellness and Fitness Solutions
  • Other Services

The remote patient monitoring devices dominated the mHealth market with a 63.2% share in 2020. The growing demand for remote patient monitoring post-acute care, rising frequency of occurring chronic diseases helps in mounting the mHealth market growth. The market key players are investing a high budget in mHealth Services for patient monitoring stimulates the growth of the mHealth market. 

Wellness and Fitness Solutions segment to produce ample growth during 2021-206. The wellness management apps are holding a promising growth owing to the growing demand for fitness apps. Following a proper diet and regular exercises to maintain a healthy body is trending and quick access to certain dietary plans and workout routines, erasing the need for the requirement to hire trainers. The factors help is accumulate the flourishing mHealth growth. 

Mobile Health (mHealth) Market - By On Device Type:

  • Blood Glucose Monitors
  • Cardiac Monitors
  • Hemodynamic Monitors
  • Neurological Monitors
  • Respiratory Monitors
  • Body and Temperature Monitors
  • Remote Patient Monitoring Devices
  • Other Device Type

On the basis of device type, the blood glucose monitor is projected to dominate the mHealth market globally. The segment growth ascribes to the rising number of people suffering from various disorders. 

Mobile Health (mHealth) Market - By Stake Holder:

  • Mobile Operators
  • Healthcare Providers
  • Application/Content Players
  • Other Stake Holders

By stakeholders, the mobile operator's segment is accounted to have the largest share in the mHealth market during the forecast period in terms of the revenue share of 45.7% in 2020. The surge in 3G and 4G technologies, along with an increasing number of mobile subscribers flourish the market growth. Also, the number of market partnerships is rising fuels the mHealth market growth further. 

The content players/application mHealth segment is witnessing a quick CAGR growth rate across the prognosis period. A huge population is using smartphones with the growing trend for diverse applications among communication and other reasons. The factor results in the enhancement of different healthcare apps successfully delivering various mHealth services. 

Regional Analysis

Regionally, North America dominates the mHealth market during the predicted period. Most people are using mobile health applications, smartphones, and mobile technology make it possible in using both clinical and lifestyle applications in educating, changing health behaviors. The U.S. is the largest market with the highest share in North America. The growing elderly population they are more exposed to chronic diseases like cardiovascular, diabetes, and other diseases. In 2019, 16.2% of the population aged 65 years and above, in the U.S. The U.S government has taken some initiatives like "telehealth and telemedicine toolkit " providing three main virtual services. The massive use of mobile phones and internet by the physicians across the U.S resulted in the growth of mobile health solutions. 

The European mHealth market is accounted for having substantial growth worldwide. The factors that contribute major share to the mHealth market include advanced technologies and software updates. Nearly 50% of the European population is using mobile fitness and wellness apps. 

However, Asia-Pacific is anticipated to witness expanding growth during 2021-2026. The region's growth owes to growing chronic diseases will strongly enhance the mHealth market. mHealth market is experiencing strong growth in countries like India, and Japan. The market in these two countries owes to the rising elderly population, and increasing healthcare expenses. 
The factors influencing the mHealth market in countries like India, and China include uncontrolled population, and in countries like Japan and Singapore owing to the rising aged population. 

Latin America and the Middle East & African regions are to have steady growth in the mHealth market due to growing developments in telecommunication networks, and the mHealth services demand is mounting is estimated to rise over the forthcoming years. 

Key Players

  1. AT&T
  2. Telefonica S.A
  3. SoftServe
  4. Google
  5. Airstrip Technologies, Inc
  6. Samsung Electronics Co. Ltd
  7. Allscripts Healthcare Solutions
  8. Apple, Inc
  9. Orange
  10. mQure
  11. Qualcomm Technologies, Inc
  12. Vodafone Group

In February 2021, BioTelemtry Inc. was acquired by Philips, a U.S based remote cardiac diagnostics and monitoring services provider. 

 

Recent Market Developments

  • On September 09, 2021, Mount Sinai Health System launched a new mHealth app for improving patient data access, developing patient-provider communication.
  • On December 09, 2020, a telehealth platform has been developed by a New York hospital that will allow healthcare providers to govern orthopedic patients at home through Apple Watch. 
  • On January 11, 2021, Apple Inc. partnered with Biogen to research a study testing the mHealth value wearables for identifying the early symptoms of cognitive impairment. 

 

COVID-19 Impact on the global Mobile Health (mHealth) Market

The coronavirus (COVID-19) has positively influenced the mobile (mHealth) market. Mobile (mHealth) appeared as a rescuer. Mobile (mHealth) solutions are through smartphones and remote monitoring which became a lifeline for consultation. The increasing number of COVID cases supports increases the mobile health solutions shortly. The pandemic situation has risen the telehealth and mobile health solutions like tele-ICU giving care and support to the patients efficiently.  

During the pandemic crisis, the revenue for mHealth is on-demand and is to surge. By maintaining social distance, digital services adoption is increasing throughout the COVID-19 pandemic period. Many people are using mHealth apps than visiting hospitals. The mHealth apps collect patient data and healthcare professionals go through the app and guide the patients. 

Chapter 1. Global Mobile Health (mHealth) Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptionsa

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Global Mobile Health (mHealth) Market – Executive Summary

2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

       2.3.1. Impact during 2022 - 2027

       2.3.2. Impact on Supply – Demand

Chapter 3. Global Mobile Health (mHealth) Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Global Mobile Health (mHealth) Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porters Five Force Model

       4.4.1. Bargaining Power of Suppliers

       4.4.2. Bargaining Powers of Customers

       4.4.3. Threat of New Entrants

       4.4.4. Rivalry among Existing Players

       4.4.5. Threat of Substitutes

Chapter 5. Global Mobile Health (mHealth) Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Global Mobile Health (mHealth) Market – By Service Type

6.1. Treatment Services

       6.1.1. Independent Aging Solutions

       6.1.2. Chronic Disease Management

6.2. Diagnostic Services

6.3. Monitoring Services

       6.3.1. Remote Patient Monitoring Devices

       6.3.2. Medical Call Centers Manned by Healthcare Professionals

       6.3.3. Teleconsultation

       6.3.4. Post-Acute Care Services

6.4. Wellness and Fitness Solutions

6.5. Other Services

Chapter 7. Global Mobile Health (mHealth) Market – By Device Type

7.1. Blood Glucose Monitors

7.2. Cardiac Monitors

7.3. Hemodynamic Monitors

7.4. Neurological Monitors

7.5. Respiratory Monitors

7.6. Body and Temperature Monitors

7.7. Remote Patient Monitoring Devices

7.8. Other Device Type

Chapter 8. Global Mobile Health (mHealth) Market – By Stake Holder

8.1. Mobile Operators

8.2. Healthcare Providers

8.3. Application/Content Players

8.4. Other Stake Holders

Chapter 9. Global Mobile Health (mHealth) Market, By Geography - Market Size, Forecast, Trends & Insights

9.1. North America

       9.1.1. U.S.A

       9.1.2. Canada

       9.1.3. Mexico

9.2. Europe

       9.2.1. Italy

       9.2.2. Spain

       9.2.3. Russia

       9.2.4. Germany

       9.2.5. UK

       9.2.6. France

       9.2.7. Rest of Europe

9.3. Asia Pacific

       9.3.1. Japan

       9.3.2. South Korea

       9.3.3. China

       9.3.4. India

       9.3.5. Australia & New Zealand

       9.3.6. Rest of Asia-Pacific

9.4. Rest of the World

       9.4.1. Middle East

       9.4.2. Africa

       9.4.3. South America

Chapter 10. Global Mobile Health (mHealth) Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

10.1. Company 1

10.2. Company 2

10.3. Company 3

10.4. Company 4

10.5 Company 5

10.6. Company 6

10.7. Company 7

10.8. Company 8

10.9. Company 9

10.10. Company 10

  • Primary & Secondary Sources to Collect & Validate Data

  • Utilization of Both Top Down & Bottom Up Approach

  • Holistic Research Methodology


Scope & Introductory Research

In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.​

Data Collection 

Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders. ​

Data Fusion

At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.

Data Analysis

At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.

Verification ​

Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report. ​

Quality Assurance & Report Preparation​

Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.​

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