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mhealth Solutions Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3128

mhealth Solutions Market Size is expected to grow at a commendable rate from 2022 to 2028, due to the myriad benefits of mobile health technology, such as simplified access to professional care, especially for patients in rural and distant areas. Likewise, the increased advantages of deploying mhealth platform among healthcare professionals, including optimized person-hours and reduced risk of misdiagnosis, will also drive the market share over the coming years. mhealth or mobile health refers to the technology that utilizes mobile devices like cellphones and tablets to support healthcare practices. With this service, patients can log, store, as well as monitor their health records on their personal devices, thus improving the efficiency of healthcare information delivery.
 

Escalating adoption of smart devices and the increasing internet penetration are among the key trends characterizing the mhealth solutions market dynamics over the estimated timeline. In 2021, nearly half of U.S. adults and teens were estimated to own tablets, which could boost the deployment of mhealth apps to access healthcare services from home. According to the WHO, non-communicable diseases claim the lives of 41 million people each year, accounting for 71% of all deaths globally. This high disease burden is anticipated to contribute to the rising popularity of mobile technologies for successful disease management worldwide.
 

Based on wearables, the mhealth solutions market from the BP monitor segment will record a high revenue by 2028, given the strong prevalence of hypertension among adults in the U.S. According to the CDC, nearly 47% of U.S. adults are diagnosed with hypertension, which could amplify the requirement of mhealth platform for the monitoring of blood pressure. The segmental expansion will further be driven by the potential usage of mobile health strategies for self-management of blood pressure in areas with digital barriers. With regards to apps, the medical apps segment is expected to amass significant profits in the years ahead. Growth from this segment is a result of the escalating use of mobile computing and medical sensors in mhealth devices and apps to manage chronic diseases and other conditions on devices like smartphones.
 

On the regional front, the Middle East and Africa mhealth solutions market is anticipated to exhibit a commendable growth rate through 2028. This growth can be credited to the high emphasis on boosting 5G infrastructure, coupled with the mounting number of smartphone users in Saudi Arabia. The country also ranks the second highest in the MEA and the seventh globally for the rate of diabetes. These aforementioned factors are projected to amplify mhealth interventions for the self-management of chronic conditions and other diseases across the region.
 

Prominent players functioning in the mhealth solutions industry include Cisco Systems, Cerner Corporation, Qualcomm, AT&T, iHealth Lab Inc. (Andon Health Co., Ltd.), AgaMatrix, Inc. (WaveForm Diabetes), Athenahealth, Inc., BioTelemetry Inc., Omron Corporation, Koninklijke Philips N.V., and Medtronic plc, among others. Strategic product launches, mergers, and acquisitions are among the key initiatives being undertaken by these industry participants to bolster their presence in the competitive market.
 

COVID-19 and its Impact on mhealth Solutions Market Trends:

Due to the implementation of strict movement restrictions and reduced access to healthcare facilities during the coronavirus pandemic, home-healthcare has become highly prevalent. With more than 80% of the patients developing mild-to-moderate symptoms that require no hospitalization, there has been an increasing need to provide healthcare services at home. Situations such as these have asserted a positive influence on the mhealth solutions industry, considering the significant role played by these apps in easing the coronavirus disease response.
 

The mhealth Solutions market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Wearables

  • BP Monitor
  • Glucose Meter
  • Pulse Oximeter
  • Sleep Apnea Monitors
  • Neurological Monitors
  • Others  

Market, by Apps

  • Medical Apps
  • Fitness Apps

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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