MHealth Market Share 2022: Trends, Key Players, Industry Analysis and Forecast 2022-2028

 

The global mHealth market is anticipated to grow at a considerable CAGR of 9.5% during the forecast period (2022-2028). Increasing awareness among the public to use mobile health solutions and supportive government initiatives and approvals to introduce and promote remote digital healthcare are factors that drive the growth of the market. Furthermore, the increase in demand for remote patient monitoring services for the elder population. Moreover, the increasing prevalence of chronic conditions concerning the high adoption of remote patient management technologies all are factors driving the mHealth market growth. For instance, in June 2020, BioTelemetry acquired an OnDemand remote patient monitoring and coaching platform operated by Envolve People Care Inc., to improve quality of life and reduce the cost of care.

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With this acquisition, it adds chronic RPM and coaching solutions to BioTelemetry’s current suite of acute care connected health products and services that are especially focused on diabetes, hypertension, and chronic heart failure. Moreover, RPM helps and provides several additional health-related services such as daily health alerts, doctor appointments, and E-Health check-up reports among others are the factors for the market growth. Additionally, the rising product approvals by regulatory authorities for continuous monitoring of vital parameters are propelling the mHealth market growth. For instance, in January 2021, Samsung Electronics' new app Samsung health Monitor App has been approved and received a CE mark it measures and tracks health easily and conveniently. This new app monitors blood pressure and Electrocardiogram Monitoring through a sensor by installing the app on both phone and smartwatch. In September 2020, Abbott Laboratories - FreeStyle Libre 3 system received a CE mark to use in people with diabetes.

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Market Coverage

•             The market number available for – 2021-2028

•             Base year- 2021

•             Forecast period- 2022-2028

•             Segment Covered-

o             By Product

o             By Services

o             By Application

•             Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

•             Competitive Landscape- Apple Inc., Boston Scientific Corp., Cerner Corp., Cisco Systems Inc., General Electric Co., Medtronic Plc, OMRON Corp., and others.

Key questions addressed by the report

•             What is the market growth rate?

•             Which segment and region dominate the market in the base year?

•             Which segment and region will project the fastest growth in the market?

•             How has COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

•             Who is the leader in the market?

•             How players are addressing challenges to sustain growth?

•             Where is the investment opportunity?

Global mHealth Market Report Segment

By Product

·         Medical Devices

·         Medical & Healthcare Application

By Services

·         Diagnosis Services

·         Monitoring Services

·         Prevention Services

·         Treatment Services

·         Fitness and Wellness Services

By Applications

·         Diabetes

·         Respiratory Diseases

·         Neurological Diseases

·         Cardiovascular Diseases

MHealth Market– Segment by Region

North America          

·         United States

·         Canada

Europe

·         Germany

·         United Kingdom

·         France

·         Spain

·         Italy

·         Rest of Europe

Asia-Pacific   

·         China

·         Japan

·         India

·         Rest of Asia-Pacific

Rest of the World

·         Middle East & Africa

·         Latin America

Company Profiles

·         AgaMatrix, Inc.

·         AirStrip Technologies, Inc

·         Aliph Brands LLC

·         AliveCor, Inc.

·         Allscripts Healthcare, LLC

·         Apple Inc.

·         athenahealth, Inc.

·         AT&T Inc.

·         Boston Scientific Corp.

·         CardioNet, Inc

·         Cerner Corp.

·         Cisco Systems, Inc.

·         Epocrates, LLC

·         Fitbit LLC

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