mHealth Market Share, Size, Statistics and Research Analysis Detailed in Latest Research Report 2020-2027
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The growing infiltration for smartphone and internet connectivity in emerging nations is driving the growth of the market.
VANCOUVER, BC, CANADA, July 5, 2022 /EINPresswire.com/ -- The Global mHealth Market is forecasted to be worth USD 361.67 Billion by 2027, according to a current analysis by Emergen Research. The mHealth market has experienced an increase in demand in the past couple of years, due to the surge in the prevalence of smartphones and the advent of advanced technologies in the medical industry. Digital health has emerged as a triumphant venture, attracting several organizations and industries from outside the healthcare domain.
Applications on mobile help people in managing their own health, have access to necessary information wherever and whenever required, and promote healthy living. These technologies are being rapidly adopted, which is promoting their development. The advent of advanced technologies has revolutionized the industry for healthcare. Increased investments in health start-ups have also gained momentum, which has further propelled the demand for the market.
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The report also discusses the key players involved in the market such as mQure, AT&T, Allscripts Healthcare Solutions, Omron Healthcare Inc., Apple Inc., Samsung Electronics Corporation, Bayer Healthcare, Philips Healthcare, Cardionet Inc., and LifeWatch AG, among others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the MHealth market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
Further key findings from the report suggest
In September 2020, The University of California and eight other digital health companies will receive approximately USD 23 million in federal funding. The funding is for the development of mHealth and telehealth platforms that address the SARS-COV-2 pandemic.
mHealth helps healthcare providers move seamlessly between patients without having to go back to a work station or office. The use of these apps among patients is estimated to grow at a CAGR of 32.9% during the forecast period.
Modern technology has helped in the development of methods and tools to enable people to stay in shape and also maintain a healthy lifestyle. With people becoming more aware of the benefits of exercise and diet, wearable technology and fitness apps are becoming highly popular. Wearable devices are forecast to grow at a CAGR of 32.5% during the forecast period.
There is a consequential increase in the number of diabetic patients across the globe, which is boosting the adoption of a remote monitoring app, such as Glooko, for patients who suffer from diabetes. Remote monitoring held a significant market share in the year 2019.
Read more on the global MHealth market report at: https://www.emergenresearch.com/industry-report/mhealth-market
For the purpose of this report, Emergen Research has segmented the Global mHealth Market on the basis of platform, application, end-use, and region:
Platform Outlook (Revenue, USD Billion; 2017-2027)
Mobile Apps
Wearable Devices
Application Outlook (Revenue, USD Billion; 2017-2027)
Education and Awareness
Disease and Epidemic Outbreak Tracking
Communication and Training
Diagnostics and Treatment
Remote Data Collection
Remote Monitoring
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Physicians
Patients
Research Centers
Insurance Companies
Pharmacies
Government
Biopharmaceutical Companies
Tech Companies
Others
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Major Regions Covered in the MHealth Market Report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Reasons to Buy This Report:
The report presents a thorough examination of the MHealth market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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he Global mHealth Market is forecasted to be worth USD 361.67 Billion by 2027
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