Market Research Report
mHealth Apps Market, By Types, By Operating System, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
|Published by||AnalystView Market Insights||Product code||937205|
|Published||Content info||210 Pages
Delivery time: 2-3 business days
|mHealth Apps Market, By Types, By Operating System, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026|
|Published: May 1, 2020||Content info: 210 Pages||
mHealth apps market was valued at USD 13.6 billion by 2019, growing with 48.9% CAGR during the forecast period, 2020-2026
mHealth app is an abbreviation of mobile health solutions that have gained irreplaceable importance in the healthcare sector. The mHealth app carry out the essential function such as monitoring and transferring the health-related data employing the wireless/mobile technology. It is referred to as a subset of the telemedicine with a blend of mobile technology for better awareness regarding health to the customers. The mHealth apps use smartphones, wireless health monitoring and tracking devices, wearable devices, and personal digital assistants for providing healthcare services. It has obtained success to observe and monitor the exercise, heart rate, and other related factors for the health-conscious people, pregnant women, and patients with diabetes or other chronic medical problems. In other words, this mhealth app provides a solution to the medical hurdles in disease monitoring, treatment care, and disease management.
Since the past few years, the demand for the mhealth app is experiencing rapid boom owing to the rising adoption of health and fitness tracking application by the patients and doctors. Growing digital technology at a rapid pace in the healthcare sector is transforming the health and fitness sector. To fuel this, the rising penetration of smartphones and other wireless wearable devices is a factor favoring the growth of the mHealth apps. Additionally, easy access to the Internet across the globe is another factor supporting the growth of this market. As per the statistics revealed by the International Telecommunication Union, in 2019, around 4.1 billion people were using the internet, which represents an escalation of 5.3% as compared to the previous year, 2018. Further, the report takes into account the impact of the novel COVID-19 pandemic on the mHealth app market and offers a clear assessment of the projected market fluctuations during the forecast period.
The type segment is divided into fitness, lifestyle management, nutrition & diet, women's health, medication adherence, healthcare providers/payers, and disease management. Among these, the fitness products have gained major market share and emerged as the dominating type segment in 2019. Growing number of health-conscious population with higher adoption of advanced technologies for better monitoring and tracking the health and wellness is the prime factor driving the growth of this category. Shifting consumer preferences towards self-care is another factor propelling the use of mHealth apps for fitness purposes. On contrary, nutrition & diet segment is anticipated to grow with promising growth rate during the study period.
Region-wise, the mHealth app market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America gained a market share of XX% in 2019 owing to the rise in the adoption of advanced technology in the region. The rising count of healthy lifestyle preferring the population in the region is further fueling the market growth. As per different surveys conducted, more and more healthcare consumers are using technologies for monitoring and tracking their health. Increasing the prevalence of diabetic population with or without other chronic illness is preferring mhealth apps for benefiting the health. Developing regions such as Asia Pacific and Latin America is growing with fastest growth rate owing to the new product innovations coupled with large patient population, demanding such products.
Key Vendor Takeaway
Abbott, Johnson and Johnson, AstraZeneca PLC, Roche, Novartis, Bristol-Myers Squibb, GlaxoSmithKline PLC, Merck and Co., Pfizer and Sanofi are some of the important players active in the market.
Companies are offering custom made mHealth apps to offer better care for the patients. Various surveys reveal that by 2022, most of the hospitals staff and doctors may start using mobile health apps. In October 2018, the Partners Healthcare introduced the consumer-facing mHealth app to expand the wider range of wearables, activity trackers, smart home devices, and sensors, connecting through Apple HealthKit and Samsung Health. In December 2019, the FDA unveiled mHealth platform to treat complex infectious diseases. Such introductions would, in turn, strongly support the companies to capture large customer base.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MHEALTH APPS MARKET KEY PLAYERS
Merck and Co.
Johnson and Johnson
Jawbone Health Hub, Inc.
MHEALTH APPS MARKET, BY TYPE
Nutrition & Diet
MHEALTH APPS MARKET, BY OPERATING SYSTEM
Apple Play Store
Google Play Store
MHEALTH APPS MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
vTABLE Latin America MHealth Apps market, by country, 2015-2026 (USD Million)