San Francisco, 22
January, mHealth Market Analysis Report
By Participants (Mobile Operators, Device Vendors, Healthcare Providers), By
Service (Diagnosis, Monitoring, Healthcare Systems), And Segment Forecasts,
2018 – 2025
The global mHealth market size is expected to reach USD 151.57 billion by 2025,
progressing at a CAGR 25.7% over the forecast period, according to a new report
by Grand View Research, Inc. The market is majorly driven by growing geriatric
population, rising prevalence of chronic diseases, and increasing penetration
of smartphones and internet connections. Technological advancements are leading
to product innovations in the area of mHealth, which in turn will bode well for
the market.
Growing inclination towards preventive
healthcare and subsequently rising subscription to mHealth apps have been
working in favor of the market. mHealth apps exhibit several features that
offer healthcare benefits to healthcare providers as well as patients. mHealth
apps provide accessibility to health related information. mHealth apps also
ensure continuous communication between patients and providers, thereby
allowing providers to diagnose, recommend, and monitor patients without even
seeing them in person.
Adoption of smartphones with
subscription to mHealth apps among adult population in the U.S. is rising in
order to maintain routine check. For instance, according to a paper published
in NCBI in February 2016, around 91.0% of adult population in the U.S. own a
mobile phone, with 61.0% of them possessing smartphones.
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Report On mHealth Market Analysis:
Further Key Findings From the Report Suggest:
·
In 2017, monitoring services
held the largest revenue share owing to growing adoption of mhealth solutions
for monitoring health conditions such as diabetes
·
The healthcare system
strengthening services segment is likely to register the highest CAGR of 27.7%
over the forecast period
·
Healthcare providers will be
the most promising participant segment during the forecast period, mainly due
to adoption of digital technology by healthcare facilities in order to optimize
care management process
·
In 2017, Europe accounted for
the largest revenue share in the market owing to rising research initiatives in
the area of mHealth
·
Key players in this space
include Apple Inc.; AT&T; Airstrip Technologies; Allscripts Healthcare
Solutions; Google Inc; Orange; Soft Serve; mQure; and Samsung Electronics.
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Grand View Research At: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the
global mHealth market on the basis of services, participants and region:
mHealth Services Outlook
(Revenue, USD Million, 2014 - 2025)
·
Monitoring services
o
Independent aging solutions
o
Chronic disease management and
post-acute care services
·
Diagnosis services
·
Healthcare systems
strengthening services
·
Others
mHealth Participants Outlook
(Revenue, USD Million, 2014 - 2025)
·
Mobile operators
·
Device vendors
·
Content players
·
Healthcare providers
mHealth Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
