mHealth market is expected to grow from USD 43.14 billion in 2019 to USD 284.85 billion by 2026 at a CAGR of 30.95% from 2020 to 2026.
mHealth is defined as a various branch of eHealth, which deals with the gathering of patient data. This patient-related data is collected through wireless electronic means like mobiles, wearable devices, and other mHealth devices. Furthermore, the collected patient data is stored on a foreign cloud with the assistance of a mHealth application. This stored data is accessed by healthcare professionals to conduct an analysis of parameters related to a medical condition. As an example, a mHealth BP monitor collects the readings associated with fluctuations within the vital sign of a patient. These readings are then analyzed by healthcare professionals to work out the severity of the medical condition. The major factors that contribute toward the expansion of the market include a rise in the prevalence of lifestyle disorders, integration of wireless technologies with portable healthcare devices, technological innovations, and favorable government initiatives. Additionally, the affordability of smartphones and the rise in the adoption of mHealth among medical professionals boost mobile health market growth.
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The global mHealth market has been segmented as below:
By Type
mHealth Devices
Blood Glucose Meters
BP Monitors
Pulse Oximetry
Neurological Monitors
Cardiac Monitors
Apnea & Sleep Monitors
Wearable Fitness Sensor Device & Heart Rate Meters
Others
By Services
Prevention
Diagnostic Services
Monitoring Services
Treatment
Wellness & Healthcare System Strengthening Solutions
By Stakeholders
Mobile Operators
Device Vendors
Healthcare Providers
By Application
Cardiovascular Diseases
Diabetes
Respiratory Diseases
Neurological Diseases
Others
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Apple Inc., AT&T, Allscripts Healthcare Solutions, Orange; Google Inc., AirStrip Technologies, Qualcomm Inc., Softserve, mQure, Telefonica, Vodafone Group, and others are among the major players in the global market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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