The global demand for mHealth Services Market is presumed to reach the market size of nearly USD 383.5 MN by 2028 from USD 130.1 MN in 2021 with a CAGR of 16.7% under the study period 2022 - 2028.
mHealth (Mobile Health) is a subset of Electronic Health (eHealth) that deals with gathering patient data. This patient information is gathered via wireless electronic tools like mobile phones, wearable technology, and other mHealth gadgets. Additionally, a mHealth application is used to remotely store the patient data gathered in the cloud. For the goal of assessing health-related indicators, this saved data is made available to healthcare providers. Healthcare practitioners evaluate these values right away to assess the condition's severity. There are different kinds of medical products and services on the market. These include a blood pressure monitor, a pulse oximeter, a neurological monitor, a heart monitor, an apnea monitor, a sleep monitor, and others.
Market Dynamics
Major factors influencing the greater uptake of the mHealth market are the growing adoption of smartphones, growing penetration of 3G/4G networks and increasing utilization of connected devices and mHealth apps for managing chronic diseases. Further, additional factors such as the rising focus on cost containment, patient-centric healthcare delivery, and the rising demand for home healthcare services are also boosting the market growth. However, facets including lack of standards and regulations, limited medical help in app selection, and resistance from conventional healthcare providers may restrain the market. Nonetheless, opportunities like expanding remote patient monitoring, analysis, and analysis of patient data will continue to provide market players with new possibilities.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mhealth services. The growth and trends of mhealth services industry provide a holistic approach to this study.
Market Segmentation
This section of the mhealth services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service
- Solutions For Patients
- Healthcare System Strengthening
By Application
- General Healthcare & Fitness
- Medication Information
- Remote Monitoring, Collaboration, And Consultancy
- Healthcare Management
- Health Data & Record Access
By End-User
- Public / Private Healthcare Institutions
- Physicians
- Healthcare Workers
- Individuals
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the mHealth Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global mHealth Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mhealth services market include AT&T Inc., Apple Inc., Airstrip technologies, Inc., Alcatel-lucent, Cerner Corporation, Qualcomm Inc., Diversinet Corp., Koninklijke Philips N.V., SoftServe, Inc., Symantec Corporation, Vodafone Group plc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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