Global mHealth Market size to exceed $289bn by 2025

mHealth Market size is set to exceed USD 289.0 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

mHealth has revolutionized the medication patterns taken by the patients. Growing demand for precision medicine and personalized care is expected to expand mHealth market growth over the forecast period. Several healthcare and pharmaceutical companies are opting for wearable devices and apps in order to garner patient information and thereby providing a solution to the patients. Thus, growing demand for mHealth platforms for catering healthcare solutions to patients is contributing into the market growth over the forecast period.

 

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Rising adoption of tablets and smartphone users across the globe is anticipated to propel the market growth over the forecast period. Virtually around five billion smartphone users are present across the globe. In 2018, about 78% of the UK population used mobile phones. Thus, rise in the penetration of smartphone users in the UK is one of the key factors boosting the market growth. The adoption of mHealth apps among adults in UK has further augmented mHealth market growth due to continuous monitoring of chronic diseases such as diabetes, hypertension, cardiovascular and others.
 

Germany mHealth Market, by Application, 2018 & 2025 (USD Million)
mHealth Market

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Wearable devices segment is expected to witness a CAGR of 39.3% over the forecast period. Growing demand for fitness monitors among the geriatric as well as younger population in order to track health is one of the factors that is accelerating the segment growth. According to an article published in the World Health Organization, around 60 min and 150 minutes of moderate intensity physical activity is recommended for children and adults, respectively, each week.
 

Disease and epidemic outbreak tracking segment is expected to grow at 40.1% over the forecast period. mHealth applications has allowed healthcare providers to provide awareness regarding chronic conditions through SMS alerts among patients that have limited access to clinics and hospitals. Furthermore, the adoption of these applications in tracking diseases and epidemic outbreak among countries such as India, Peru and Rwanda are further contributing towards the market growth positively. Remote monitoring of chronic diseases has further propelled the market growth by providing real time insights into patient’s disease profile that has allowed patients to take an appropriate care at the right time.
 

Physicians segment under end-use held the largest market revenue at USD 9,097.3 million in 2018 and is expected to reach USD 88,142.0 million by 2025. This is due to rising demand for mHealth apps among physicians to diagnose, treat and monitor medical and physical conditions of a patients in a timely and flexible manner. The growing usage of mHealth apps have increased the patient engagement that has boosted the adoption of mHealth among physicians that in turn has propelled the market growth.
 

Browse key industry insights spread across 300 pages with 452 market data tables & 8 figures & charts from the report, “mHealth Market Size By Platform (Mobile Apps {Wellness Management [Diet and Nutrition, Lifestyle and Stress, Exercise and Fitness], Health Condition Management [Disease Specific, Medication Reminders, Women’s Health and Pregnancy, Healthcare Providers/Insurance]}, Wearable Devices {Fitness Devices, Blood Glucose Monitors, Cardiac Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors}), By Application (Communication and Training, Education and Awareness, Diagnostics and Treatment, Disease and Epidemic Outbreak Tracking, Remote Data Collection, Remote Monitoring), By End-use (Physicians, Patients, Insurance Companies, Research Centers, Pharmacies, Biopharmaceutical Companies, Government, Tech Companies), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Russia, Poland, Denmark, China, Japan, India, Australia, Brazil, Mexico, Argentina, Peru, South Africa, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mhealth-market
 

India mHealth market is estimated to expand with 42.7% CAGR over the forecast period owing to rising penetration of smartphone users in the country. With the rise of mobile technologies, the mHealth apps are growing rapidly in the Indian market. Furthermore, growing investments from government and private players are further propelling the market growth in the country. For instance, in 2016, the government launched four mHealth apps such as Kilkari, Mobile Academy, M-Cessation, and TB Missed Call Initiative. These initiatives are expected to enhance access, cost effective services and robust systems that in turn is anticipated to improve the healthcare system in the country. Such developments are expected to propel the Indian market in the upcoming years.
 

Spain mHealth market is projected to reach USD 6,771.5 million by 2025. Spain is ranked 8th in healthcare across the globe. Various startups are working on digital solutions including mHealth to enhance the healthcare services in the country. The big players in the country include Psious, a virtual reality therapy smartphone app, that assist in treating anxiety disorders, phobias and fears. In 2018, Devicare raised USD 3.36 million seed funding to bring remote patient monitoring devices to clinical trial. Thus, growing investments in mHealth startups to provide access to healthcare is propelling the market growth in the country.
 

Some of the major key players in the global mHealth market are Masimo Corporation, AT&T, mQure, Allscripts Healthcare Solutions, Apple Inc, Philips healthcare, Samsung Electronics Corporation, Omron HealthCare Inc., LifeWatch AG, Cardionet Inc., Boston  Scientific, Bayer Healthcare, Sanofi and Qualcomm Inc. Key players are adopting various strategic initiatives such as collaborations, partnerships, merger & acquisition in order to expand their geographic presence and product portfolio. For instance, Apple Inc. in 2018, announced the launch of new watch series 4 that records ECG readings from the wrist.
 

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mHealth Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
 

mHealth Market, by Platform, 2014 – 2025 (USD Million)

  • Mobile apps
    • Wellness management
      • Diet and nutrition
      • Lifestyle and stress
      • Exercise and fitness
    • Health condition management
      • Disease specific
      • Medication reminders
      • Women’s health and pregnancy
      • Healthcare providers/insurance
  • Wearable devices
    • Fitness devices
    • Blood glucose monitors
    • Cardiac monitors
    • Neurological monitors
    • Respiratory monitors
    • Body & temperature monitors
    • Others

mHealth Market, by Application, 2014 – 2025 (USD Million)

  • Communication and Training
  • Education and Awareness
  • Diagnostics and Treatment
  • Disease and Epidemic Outbreak Tracking
  • Remote Data Collection
  • Remote Monitoring
  • Others

mHealth Market, by End-use, 2014 – 2025 (USD Million)

  • Physicians
  • Patients
  • Insurance companies
  • Research centers
  • Pharmacies
  • Biopharmaceutical companies
  • Government
  • Tech companies
  • Others

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

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Poland
    • Denmark
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Peru
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

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