mHealth Market report offers an in-depth analysis of various factors promoting and demoting the growth of the market during the mentioned forecast period. The information provided in the report is gathered from primary and secondary research methods.
The global “mHealth market size” is expected to reach USD 293.29 billion by 2026, exhibiting a CAGR of 29.1% during the forecast period. The increasing penetration of smartphones and smart devices will boost the mHealth market trends during the forecast period. According to Pew Research Center’s first survey of smartphone ownership conducted in 2011, 96% of Americans own a cell phone. Out of which ,81% of the American use smartphones.
While roughly three-quarters of U.S. adults own desktop or laptop computers, furthermore, the launch of technologically advanced smartphones and wearable devices will consequently aid the mHealth market share, sates our lead analysts at Fortune Business Insights. For instance, OnePlus launched a new concept phone, the OnePlus Concept One McLaren Edition has various features including electrochromic glass technology. In addition, Fitbit CEO James said in a statement, “We see ourselves evenly split between being a consumer company and being a health company.”
Leading Players operating in the Mhealth Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
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According to the report, published by Fortune Business Insights in a report, titled “mHealth Market Size, Share and Industry Analysis, By Category (By Apps {Disease and Treatment Management, Wellness Management}, By Wearable {Body and Temperature Monitors, Sleep Trackers, Fitness Trackers, Glucose Monitors, BP Monitors, Cardiac Monitors}) By Services Type (Monitoring Services, Fitness and Wellness Solutions, Diagnostic Services, Treatment Services) By Service Provider (mHealth App Companies, Pharmaceutical Companies, Hospitals, Health Insurance) and Regional Forecast, 2019-2026” the market size stood at USD 34.28 billion in 2018.
Key Segmentation of mHealth Market:
mHealth Market Segments by Product Type
mHealth Market Segments by Modality
mHealth Market Segments by End User
mHealth Market Segments by Geography
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Growing Geriatric Population to Spur Business Opportunities for the Market
The increasing demand for mHealth solutions around the globe, owing to its user-friendly benefits and high calling efficiency in handling an emergency situation, will aid the mHealth market revenue in the forthcoming years. The increasing number of mHealth applications such as chronic disease management, remote monitoring owing to its cost-effective advantage will further fuel demand for mHealth solutions in the foreseeable future. The growing geriatric population will also contribute positively to the growth of the market. For instance, people above the age of 65, are more prone to chronic ailments; in the U.S., 40 million people, i.e., around 12.9% of the population is above 65 years. Thus, there is a colossal scope for the mHealth market in the countries where the geriatric population is surging
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