MHealth Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2025
Category: #headlines  By Deepak Pardhi  Date: 2019-08-12
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MHealth Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2025

MHealth Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The MHealth Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

 

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mHealth Market will exceed USD 289.4 billion by 2025; as per a new research report.

 

Growing use of mobile phones along with increase in penetration of internet services will enhance the business growth over the forecast period. The mobile technology has led healthcare facilities to improve the healthcare services by providing appropriate environment to achieve necessary mHealth goals. Recent technological advancements in mobile applications will help doctors, patients in operating medical equipment and administering treatment regime, hence increasing the product demand and fueling the market growth.

 

Chronic disease management is one of the major health outcomes of mHealth resulting in cost-effective healthcare and quality of life. As the prevalence of chronic disease continues to grow, the use of technologically advanced mHealth applications will gradually increase. Growing use of mHealth in healthcare and public health for patient monitoring, communication, education, and proper chronic disease management will drive the mHealth market growth in the forthcoming years.

 

Lack of knowledge regarding the mHealth applications or advanced mobile use in developing countries will be one of the major market impeding factors. The people living in low and middle income countries have less access and penetration of mobile phones and internet services. Also, the knowledge level of those people is limited, resulting in sluggish market growth over the projection period.

 

Wearable devices market was valued around USD 9,235.2 million in the year 2018. The use of wearable devices for preventive medicine and self-health monitoring is growing due to increase in number of geriatric population. Also, recent technological advancements and developed technologies assist in reducing the overall cost of the diagnosis and treatment. Several applications such as ease of use, remote monitoring and diagnosis will result in augmenting the mHealth market growth in the near future.

 

Application of mHealth for education and awareness purpose is estimated to grow at 39.0% over the forecast period. Growing number of developing economies using mobile for addressing their healthcare needs will pave way for the business growth. The use of mHealth for educating the patients and raising awareness regarding several health aspects such as prevention, diagnosis and treatment of chronic diseases will increase the demand, thereby boosting the industry growth.

 

Physicians as an end-use segment held significant market and was valued around USD 9,097.3 million in the year 2018. The use of mHealth by physicians will ease the communication gap between them and the patients. As per the survey conducted by the American Medical Association (AMA), many of the doctors were eager about the applications of mHealth in day-to-day practice. Hence, growing demand and adoption rate of mHealth will enhance the market growth in the future.

 

Germany dominated the Europe mHealth market and was valued around USD 2,324.8 million in the year 2018. The growth in the country is attributed to aging population, increase in digitalization of society, growing prevalence of chronic diseases, increased health consciousness and fitness among the people. Also, rise in willingness of the people in country to invest in well-being and fast data networks offers better conditions that will favor the business growth in the region.

 

Peru mHealth market is estimated to grow at 41.0% over the projection period. Use of mobile technologies have become more common in developing regions of Latin America. Peru is becoming one of the major mHealth projects providers for better health services. The use of mHealth is estimated to have high potential to improve the quality of health services, reduce healthcare costs and increase the effectiveness of public healthcare facilities. It is evident that the applications of mHealth are having positive impact on the market growth in the country.

 

Industry players having a strong foothold include AT&T, Allscripts Healthcare Solutions, mQure, Apple Inc., Samsung Electronics Corporation, Omron HealthCare Inc., Philips healthcare, Bayer Healthcare, Cardionet Inc., LifeWatch AG, Masimo Corporation, Boston Scientific, Sanofi, Qualcomm Inc. and others. In order to expand their industry presence, many established firms are entering in sparsely addressed high potential regions. Introduction of devices in emerging economies by these companies enables them to cater to unmet needs and expand revenue sources.

 

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Report Content

 

 Chapter 1.Methodology

 

1.1. Methodology

 

1.2. Market definition

 

1.3. Forecast parameters

 

1.4. Data sources

 

1.4.1. Secondary

 

1.4.1.1.Paid sources

 

1.4.1.2.Unpaid sources

 

1.4.2. Primary

 

Chapter 2.Executive Summary

 

2.1. mHealth industry 360 degree synopsis, 2014 - 2025

 

2.1.1.Business trends

 

2.1.2.Platform trends

 

2.1.3.Application trends

 

2.1.4.End-use trends

 

2.1.5.Regional trends

 

Chapter 3.mHealth Industry Insights

 

3.1. Industry segmentation

 

3.2. Industry landscape, 2014 - 2025

 

3.3. Industry impact forces

 

3.3.1.Growth drivers

 

3.3.1.1.Increasing penetration of mobile phones and internet

 

3.3.1.2.Growing incidence of chronic diseases

 

3.3.1.3.Vast amount of cost-saving in healthcare delivery

 

3.3.1.4.Rising adoption of smart wearable medical devices

 

3.3.1.5.Favorable government policies

 

3.3.2.Industry pitfalls & challenges

 

3.3.2.1.Security and privacy issues

 

3.3.2.2.Stringent regulatory policies

 

3.3.2.3.Lack of knowledge in developing countries

 

3.4. Growth potential analysis

 

3.4.1.By platform

 

3.4.2.By application

 

3.4.3.By end-use

 

3.5. Regulatory Landscape

 

3.5.1.U.S.

 

3.5.2.Europe

 

3.6. Porter's analysis

 

3.7. Impact of mHealth projects

 

3.8. mHealth startup scenario

 

3.9. Competitive landscape, 2017

 

3.9.1.Strategy dashboard

 

3.10. PESTEL analysis

 

Chapter 4.mHealth Market, By Platform

 

4.1. Key segment trends

 

4.2. Mobile Apps

 

4.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.2. Wellness Management

 

4.2.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.2.2. Diet and Nutrition

 

4.2.2.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.2.3.Lifestyle and Stress

 

4.2.2.3.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.2.4.Exercise and Fitness

 

4.2.2.4.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.3.Health Condition Management

 

4.2.3.1.Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.3.2.Disease Specific

 

4.2.3.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.3.3.Medication Reminders

 

4.2.3.3.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.3.4.Women's Health and Pregnancy

 

4.2.3.4.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.2.3.5.Healthcare Providers/Insurance

 

4.2.3.5.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.3. Wearable Devices

 

4.3.1.Market estimates and forecast, by region, 2014 - 2025(USD Million)

 

4.3.2.Fitness Devices

 

4.3.2.1.Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

4.3.3.Blood Glucose Monitors

 

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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