The global mHealth apps market size is expected to reach around US$ 236.0 Billion by 2027 and is projected to expand at a CAGR of 44.7% over the forecast period 2020 to 2027.
mHealth is the practice of using smartphones to keep track of one’s wellbeing. Mobile applications are anticipated to improve treatment outcomes and lifestyle while minimizing the incidence of chronic diseases. The use of such apps enhances patient experience and helps access health information. This helps build a smooth physician-patient interface ensuring transparency in the treatment process. Rising promotion of mHealth apps to create positive health outcome along with the increasing preference for mobile apps are some of the driving factors for the mhealth applications market.
mHealth apps are programs installed on mobile devices, such as smartphones, tablets etc. mHealth apps can be used for general health and fitness tracking, remote patient monitoring, consultations, disease management etc.
The pharmaceutical and medical device industry has grown rapidly in recent years, owing to the growing prevalence of various disorders, such as diabetes, obesity, hypertension, and cancer globally. The disease burden is increasing along with the growing awareness about various diseases among patients. Globally, smartphones and other mobile devices have gained huge popularity. mHealth apps offer patient-centric care. The growing adoption of mHealth apps for tracking health and vital signs is likely to drive the mHealth apps market in the years ahead. Additionally, the increasing penetration of mobile devices, such as tablets, smartphones, other personal digital assistants (PDAs), and wireless network devices are anticipated to further boost the mHealth apps market in the future. mHealth apps allow remote patient monitoring, prevention and treatment services, consultation, patient record keeping, etc. These advantages of mHealth apps are projected to popularize the mHealth apps market among the patients and medical professionals in the upcoming years.
The MHealth Apps market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of MHealth Apps market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global MHealth Apps market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the MHealth Apps market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted MHealth Apps market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major MHealth Apps market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of MHealth Apps market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the MHealth Apps industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
MHealth Apps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to MHealth Apps market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of MHealth Apps market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new MHealth Apps market. These factors have benefited the growth of the global market for MHealth Apps. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for MHealth Apps. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Some of the major mhealth applications market participants are Abbott Laboratories; Johnson and Johnson; AstraZeneca PLC; F. Hoffmann-La Roche Ltd.; Novartis AG; Bristol-Myers Squibb Company; GlaxoSmithKline plc; Merck and Co., Inc.; Pfizer, Inc.; and Sanofi.
This report segments the global mHealth apps market into:
Market By Type
Nutrition & Diet
Market By Region
In this study, the years considered to estimate the market size of MHealth Apps are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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