Global Mobile Medical Apps Market Overview
The key drivers impacting the Mobile medical apps market are the surging adoption of smartphones, tablets, and other mobile platforms. For instance, the economics help organization reveals from zero sales at the commencement of 2010, the tablet market expanded to100 million units per annum by the end of 2013. It is predicted that tablet sales had recorded sales around 200 million per annum by the year 2016. Similarly, according to the Pew Research center report estimations, in 2019, over 5 billion people had mobile devices globally, in which half of these connections were smartphones. Moreover, the convergence of several favorable trends, such as integrating healthcare apps and devices, contributes to mobile medical apps market demand in the later years.
According to Value Market Research, the global Mobile medical apps market size was valued at USD 4250 million in 2020 and is estimated to grow at a CAGR of about 25% during the forecast period 2021 to 2027.
The growing promotion of mHealth applications due to their benefits in improving patient lifestyle and treatment will likely augment the need for Mobile medical apps in the forecast period. Also, the robust adoption of 3G and 4G networks in healthcare services positively impact market growth. However, the lack of proper standards and regulations hamper the market in the long run. In addition, the low guidance from physicians in choosing apps impedes the market growth. Nevertheless, the market trends, such as the growing popularity of patient-centric healthcare delivery and increasing preference for mobile apps by patients, healthcare professionals, and other consumers, might provide considerable opportunities to the market's leading players.
The Mobile medical apps market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to raise their market share globally. The key players in the report are Medtronic, CISCO SYSTEMS INC., OMRON Corporation, AT&T Intellectual Property, AirStrip Technologies, Apple Inc., Nokia, Johnson & Johnson Services Inc., AliveCor Inc., Cerner Corporation, Koninklijke Philips N.V., iHealth Labs Inc., AgaMatrix, BioTelemetry Inc., athenahealth Inc., Nike Inc., Boston Scientific Corporation, Abbott, Fitbit Inc. and SkinVision, OpenXcell, DXC Technology Company, and Algoworks.
In this research report, the Mobile medical apps market is segmented by service, application, and region.
Analysis by Service:
By service, the report is divided into medical monitoring, nutrition & fitness, diagnostic treatment, and other services. The nutrition and fitness segment dominates with a significant market share of 27.5% in 2020. It is massive adoption of high and growing penetration of smartphones and healthcare apps. Moreover, the rising lifestyle-related disorders lead to increasing focus of consumers globally towards nutrition and fitness, thereby contributes to the growth of the nutrition & fitness segment in the forecast period.
Analysis by Application:
By application, the report is divided into nursing tools, drug references, study tools (includes games and flashcards), medical references, and clinical support systems. The medical reference segment dominates the application segment with the highest market share of 15% in 2020. It allows physicians to stay up-to-date in the medical world, which leads to increased demand among healthcare professionals, which contributes to the medical reference segment growth.
Analysis by Region:
In the regional outlook of the global Mobile medical apps market, the North America region dominates with the largest market share of 30% in 2020. It is due to the significant number of health care professionals who use mobile phone medical applications in everyday business activities. Moreover, the Popularity of medical apps is low compared to other mobile phone apps, and the rising preference for medical apps for patient health monitoring across U.S and Canada is contributing to the huge market growth across North America.
Market Segmentation covered in the Report:
- Medical Monitoring
- Nutrition & Fitness
- Diagnostic Treatment
- Other Services
- Nursing Tools
- Drug References
- Study Tools (includes games and flashcards)
- Medical Reference
- Clinical Support Systems
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.