mhealth Market: Industry Analysis and Forecast 2021-2027: by Device, Services, End-Use Industry and Region.

mhealth Market is anticipated to reach US$ 138.42 Bn. by 2027 from US$ 52.60 Bn. in 2020 at a CAGR of 17.5 % during a forecast period. The word "mHealth" refers to a subset of electronic health care that deals with patient data processing. Patient data is collected through wireless electronic devices like mobile phones, wearable devices, and other mHealth equipment. Furthermore, the acquired patient data is saved on a distant server utilizing mHealth software. This data is used by healthcare professionals to examine parameters connected to a patient's medical status. mhealth Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Mhealth Market Dynamics

The use of mobile and wireless technologies to facilitate the achievement of health goals (mHealth) is propelling the mHealth market forward. Rapid advances in wireless technology and applications, a spike in new options for integrating mobile health into existing eHealth services, and continued growth of mobile cellular network coverage are just a few examples. According to the International Telecommunication Union (ITU), there are currently over 5 billion wireless clients, with over 70% residing in low- and middle-income countries. In recent years, the number of internet-based healthcare apps has nearly doubled, with the Covid-19 outbreaks being one of the main reasons that customers are increasingly turning to digital healthcare devices, such as the ICU devices, to help communicate with patients more efficiently and provide better information about their health concerns. Because of the social distance implemented by several governments throughout the world, digital care delivery is growing as an essential solution for secure and improved communication. Using the internet, healthcare practitioners may give health information to patients more efficiently, in less time, and at a lower cost. Restraints: Data security and privacy issues, on the other hand, are some of the factors that may impede the use of mHealth platforms, consequently restricting the market growth. Data breaches, configuration changes, and access challenges to sensitive information are hampering market growth.

Mhealth Market Segmentation Analysis

By Device, the BP monitors segment has the greatest market share of xx percent in 2020 and it is expected to reach USD xx Bn. by 2027. The rise in the adoption of a sedentary lifestyle, which has resulted in hypertension and high blood pressure, is driving the market growth. However, due to the increased use of continuous blood glucose monitoring (CGM) devices and rising diabetes incidence, the blood glucose meters segment is expected to be the fastest-growing in the global mHealth devices market. By Services, over the forecast period, the others' segment is expected to grow at the quickest rate. Other services include maintaining patient welfare and illness prevention through a variety of mobile health apps. The need for mHealth services in wellness and prevention is being driven by rising health consciousness and an increasing variety of fitness applications. In addition, the desire for efficient healthcare administration and workflow is expected to drive segment growth during the forecast period. Because of the rising frequency of chronic illnesses and demand for remote monitoring systems in post-acute care and independent aging solutions, the monitoring services segment accounted for the biggest revenue share of 62.3 percent in 2020. By End-use Industry, Due to improvements in network infrastructure, growth in the usage of 3G and 4G technologies, and an increase in the number of mobile users, the mobile operators' segment accounted for the highest revenue share of 47.5 percent in 2020. Due to an increase in the number of industrial alliances, the segment is expected to grow at a consistent CAGR from 2021 to 2027.

Mhealth Market Regional Insights

North America is expected to have the greatest share of the global mhealth market, with Asia Pacific growing at the quickest CAGR of xx percent during the forecast period. The healthcare business in North America is growing rapidly as a result of increased consumer health awareness and government investment. As a result of emerging technologies, companies such as Apple and other smartphone companies are developing new advanced mobile health applications. For example, there are approximately 325,000 mHealth apps available, and the United States leads the global mHealth market with nearly 28 percent of mHealth apps used, according to the United Healthcare Consumer Sentiment Survey. The United States dominated the North American mHealth market, accounting for USD 14 billion in 2020, owing to well-developed healthcare IT infrastructure and endeavours by different government associations to adopt mobile-focused health apps. Furthermore, more than two-thirds of older persons in the United States own smartphones, with around 20% relying on their mobile devices for internet access. Similarly, there has been a rise in mobile health apps to satisfy the growing demand and opportunity afforded by increased smartphone adoption. MHealth activity is higher in higher-income countries than in lower-income countries, which is consistent with eHealth tendencies. The European region is the most active due to an increase in ailments such as hypertension, cardiovascular disease, and others. In the Asia Pacific, a surge in knowledge regarding the usage of mHealth devices is propelling the market growth. A big diabetic patient population and an increase in healthcare spending, particularly in countries like India, China, Malaysia, and Indonesia, are further propelling the mHealth market's growth. Emerging economies give significant prospects for mHealth providers to grow their operations. In 2020, Germany's market size was estimated to be at USD 3.5 billion. As a result of many government efforts, mobile health services have gained substantial popularity in the region. Furthermore, the German mobile health industry is gaining traction, with mobile applications frequently utilized to improve health and lifestyle. In the region, the number of mHealth applications for patients and clinicians for specific diseases, impairments, and health improvement is continually growing. Report Objectives: • Landscape analysis of the Mhealth Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the Mhealth Market dynamics, structure by analysing the market segments and project the Mhealth Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Mhealth Market make the report investor’s guide.

Mhealth Market Scope: Inquire before buying

Mhealth Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 52.60 Bn.
Forecast Period 2021 to 2027 CAGR: 17.5  % Market Size in 2027: US $ 138.42 Bn.
Segments Covered: by Device • Blood Glucose Meter •BP Monitors •Pulse Oximetry •Neurological Monitors •Cardiac Monitors •Apnea & Sleep Monitors •Wearable Fitness Sensor Device & Heart Rate Meters •Others
by Services • Remote Monitoring Services • Diagnosis Services • Treatment Services • Health Support Services • Fitness & Wellness Services • Others
by End-Use Industry • Mobile Operators •Devices Vendors •Health Providers •Others

Mhealth Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Mhealth Market: Key Players

• LifeWatch • KONINKLIJKE PHILIPS N.V. • Medtronic • Boston Scientific Corporation • Athenahealth, Inc. • Honeywell Life Care Solutions • Cisco Systems, Inc. • OMRON Corporation • Masimo • AgaMatrix, Inc. • Johnson & Johnson • Samsung • Withings S.A • iHealth Labs, Inc. • Nike, Inc. Frequently Asked Questions 1. What is the projected market size & growth rate of Mhealth Market? Ans- Mhealth Market was valued at USD 138.42 million in 2020 and is projected to reach USD 52.60 million by 2027, growing at a CAGR of 17.5 % during the forecast period. 2. What are the key driving factor for the growth of Mhealth Market? Ans- The use of mobile and wireless technologies to facilitate the achievement of health goals (mHealth) is propelling the mHealth market forward. 3. Which Region accounted for the largest Mhealth Market share? Ans- North America is expected to have the greatest share of the global mhealth market, with Asia Pacific growing at the quickest CAGR of xx percent during the forecast period. 4. What makes united states a Lucrative Market for Mhealth Market? Ans- the United States dominated the North American mHealth market, accounting for USD 14 billion in 2020, owing to well-developed healthcare IT infrastructure and endeavours by different government associations to adopt mobile-focused health apps. 5. What are the top players operating in Mhealth Market? Ans- LifeWatch, KONINKLIJKE PHILIPS N.V., Medtronic, Boston Scientific Corporation, Athenahealth, Inc., Honeywell Life Care Solutions, and Cisco Systems, Inc.
1. Global Mhealth Market: Research Methodology 2. Global Mhealth Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Mhealth Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Mhealth Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Mhealth Market Segmentation 4.1 Global Mhealth Market, By Device (2020-2027) • Blood Glucose Meter • BP Monitors • Pulse Oximetry • Neurological Monitors • Cardiac Monitors • Apnea & Sleep Monitors • Wearable Fitness Sensor Device & Heart Rate Meters • Others 4.2 Global Mhealth Market, by Services (2020-2027) • Remote Monitoring Services • Diagnosis Services • Treatment Services • Health Support Services • Fitness & Wellness Services • Others 4.3. European Mhealth Market, by End-Use Industry (2020-2027) • Mobile Operators • Devices Vendors • Health Providers • Others 5. North America Mhealth Market (2020-2027) 5.1 North American Mhealth Market, By Device (2020-2027) • Blood Glucose Meter • BP Monitors • Pulse Oximetry • Neurological Monitors • Cardiac Monitors • Apnea & Sleep Monitors • Wearable Fitness Sensor Device & Heart Rate Meters • Others 5.2 North America Mhealth Market, by Services (2020-2027) • Remote Monitoring Services • Diagnosis Services • Treatment Services • Health Support Services • Fitness & Wellness Services • Others • 5.3. European Mhealth Market, by End-Use Industry (2020-2027) • Mobile Operators • Devices Vendors • Health Providers • Others 5.3 North America Mhealth Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Mhealth Market (2020-2027) 6.1. Asia Pacific Mhealth Market, By Device (2020-2027) 6.2. Asia Pacific Mhealth Market, by Services (2020-2027) 6.3. European Mhealth Market, by End-Use Industry (2020-2027) 6.4. Asia Pacific Mhealth Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Mhealth Market (2020-2027) 7.1. Middle East and Africa Mhealth Market, By Device (2020-2027) 7.2. Middle East and Africa Mhealth Market, by Services (2020-2027) 7.3. European Mhealth Market, by End-Use Industry (2020-2027) 7.4. Middle East and Africa Mhealth Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Mhealth Market (2020-2027) 8.1. Latin America Mhealth Market, By Device (2020-2027) 8.2. Latin America Mhealth Market, by Services (2020-2027) 8.3. European Mhealth Market, by End-Use Industry (2020-2027) 8.4 Latin America Mhealth Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Mhealth Market (2020-2027) 9.1. European Mhealth Market, By Device (2020-2027) 9.2. European Mhealth Market, by Services (2020-2027) 9.3. European Mhealth Market, by End-Use Industry (2020-2027) 9.4 European Mhealth Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. LifeWatch 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. LifeWatch 10.3. KONINKLIJKE PHILIPS N.V. 10.4. Medtronic 10.5. Boston Scientific Corporation 10.6. Athenahealth, Inc. 10.7. Honeywell Life Care Solutions 10.8. Cisco Systems, Inc. 10.9. OMRON Corporation 10.10. Masimo 10.11. AgaMatrix, Inc. 10.12. Johnson & Johnson 10.13. Samsung 10.14. Withings S.A 10.15. iHealth Labs, Inc. 10.16. Nike, Inc.

About This Report

Report ID606
Category Healthcare
Published DateOct 2019
Updated DateNov 2021
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