Global mHealth Applications Market – Insights
The Global mHealth Applications Market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth Applications Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023).
Technology is transforming the entire world and healthcare is not exception for it. Digital innovation and technological advancement are helping to put healthcare to the next level. After the evolution of the term called eHealth, now it is the era of mHealth. mHealth commonly known as mobile health.
The demand for advanced and innovative products is increasing at rapid pace. Introduction of innovative product in the market gives first mover advantage to the solution provider. Options of better treatments, access to the solutions, improved affordability and convenience are changing the healthcare sector. Many times, mHealth changes the traditional healthcare like, healthcare professionals can directly connect and assist patients from thousand miles away through mHealth technology. However, factors such as security and confidentiality threats along with resistance to change and market volatility are the major restraining factors for the market growth, during the forecast period.
Global mHealth Applications Market - Key Players
Some of the key players in this market are:
• Allscripts (US)
• Agamatrix, Inc. (US)
• Apple Inc. (US)
• Honeywell International Inc. (US)
• Medtronic
• MiniMed, Inc. (US)
• Vivify Health (US)
• iHealth Labs Inc. (US)
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Industry News:
February 01, 2019: mHealth and telehealth are likely to play a crucial part in several educational sessions at the Healthcare Information & Management Systems Society’s 2019 Annual Conference and Exhibition. This is likely to take place from February 11 to 15 in Orlando.
November 19, 2018 - During the Penn State’s mHealth Challenge, ten intercollege teams of enterprising students had recently pitched ideas for innovative mobile health applications. The challenge was a cross-college initiative in which student teams had to develop a mobile application prototype which addressed a societal health need associated with a specific target audience.
February 09, 2018 – US - Department of Health, Wyoming introduced a free, personalized mHealth app named as ‘The Family Health app’. The app is designed to connect families in the state of Wyoming with appropriate healthcare resources. The Family Health app developed by Wildflower Health, mobile health Application Company.
In October 2017- AgaMatrix, Inc., a wholly owned subsidiary of AgaMatrix Holdings LLC, announced that they entered into a USD 32 million senior term loan facility with Prospect Capital Corporation. The proceeds from the term loan facility were used to support sales and marketing, product development and clinical trial initiatives for both AgaMatrix, Inc., and for WaveForm Technologies, Inc., a separate wholly owned subsidiary of AgaMatrix Holdings, LLC.
In September 2016- Allscripts, a global leader in healthcare technology, announced that it has closed its acquisition of McKesson Corporation’s hospital and health system IT business, known as the Enterprise Information Solutions (EIS) business. The transaction significantly expands Allscripts client base in U.S. hospitals and health systems and expanded its solutions portfolio. Allscripts purchased the EIS business for USD 185 million in cash.
In September 2016- iHealth Labs, the connected device subsidiary of Andon Health with offices in Paris and Mountain View, California, acquired Bordeaux, France-based eDevice for USD 106 million. eDevice is a longtime European provider of back-end infrastructure that connects remote monitoring devices to hospitals and healthcare providers.
Global mHealth Applications Market - Regional Analysis
The Global mHealth Market is segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth applications is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.
Global mHealth Applications Market - Segments
The MHealth Applications Market is segmented into 2 key dynamics for the convenience of the report and enhanced understanding;
By Types: Comprises Diagnosis & Treatment, Monitoring Applications, Education & Awareness, Wellness & Prevention, and Healthcare Management, among others.
By Regions: North America, Europe, APAC and Rest of the World.
Segment Monitoring Application accounted for 53.8% of the market share, in 2016.
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