mHealth Market Size – Global Industry Key Trends, Competitive Scenario, Current and Future Players

mHealth Market Analysis:

The Global mHealth market size is expected to surpass USD 21.71Billion with a 36.5% CAGR during the forecast period of 2016 to 2022. Market Research Future (MRFR) in its latest assessment reveals various factors that can improve the market outcome.

The Global mHealth Market Size would benefit from the rising number of mobile health applications that have been developed by top brands to support telemedicine. The demand to treat patients at off hours and from distant locations at convenience of both patient and doctors have spurred the rise of mobile health. Also, the process is cost-effective. The mHealth apps market size is getting bigger with better integration of wireless technologies, which would boost the mobile health market directly. Inclusion of smartphones and wearable devices are also expected to boost the mobile health market.

However, lack of technical expertise of the geriatric population may hinder the process and deter the mobile health market growth rate.

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mHealth market Competitive Landscape:

The global mobile health market is expecting benefical moves from companies like Alivecor, INC, Apple, INC, Agamatrix, INC, AT&T, INC, Johnson & Johnson, Laboratory Corporation of America Holdings, Athenahealth INC, GE Healthcare, Google INC, Jawbone INC, Biotelemetry INC. (CARDIONET), Philips Healthcare, and others. These companies are getting involved in the mobile health market with various strategic moves like mergers, acquisitions, collaborations, and others that are traditional in approach but effective in results. Hike in research funding is expected to set grounds for more innovations, which the companies would use to edge out others in the process. Launching strategies would also play a prominent role, along with branding methods. MRFR included latest steps taken by these companies to understand how the mobile health market can shape up in the coming years.

mHealth Market Segmentation

The global study conducted by MRFR experts on the mobile Health market has been segmented on the basis of therapeutics and application. This process aims at simplifying various methods of developing strategies through effective study of factors and figures. This will reveal insights that are reliable in nature.

By therapeutics, the global mobile health market can be segmented into fitness & lifestyle therapeutics, respiratory, mental and neurological disorders, diabetes, and others.

By application, the global mobile health market can be segmented into education and awareness, monitoring applications, diagnosis & treatment, wellness & prevention, healthcare management, remote data collection, and others.

mHealth market Regional Analysis:

The Americas is leading the global mHealth market with a 34% market share. The global mobile health market would get support from Europe as well where the business is supposed to grow at 35.65% CAGR during the forecast period. The Asia Pacific region is also showing promises of growth.

Mobile Health Industry News:

In May 2020, researchers revealed that they came up with a new type of patch that can be used to monitor patients at home. This will be beneficial especially in times of the pandemic like COVID-19 outbreak when people have been asked by governments to maintain social distancing. This patch is the result of a collaboration between Northwestern University and the Shirley Ryan AbilityLab. This patch can be attached to the throat and it would monitor lung movement and check breathing sounds for coughing and other problems associated with the Coronavirus.This will include telemedicine process as a way of diagnosis and help in proper treatment without the chances of increasing contact and spreading of coronavirus.

In May 2020, Tennessee’s Medicaid program announced that a collaboration between TennCare and Proteus Digital Health will use mHealth sensor to understand and measure medication adherence of members who are undergoing Hepatitis C treatment.

Browse Table of Content with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/mobile-health-market-1816

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Market Research Future

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