Global mHealth solutions Market to Witness Exponential Growth by 2021-2028 | Leading Players –Medtronic Plc, Koninklijke Phillips N.V, Omron Healthcare Co, Ltd, Johnson & Johnson, Cerner Corporation

Global mHealth solutions Market was valued at USD 49.8 billion in 2019, which is expected to reach USD 214.6 billion by 2027 at a 32.6% CAGR.

mHealth solution is defined as technology which is utilized in providing healthcare services and solutions by using smart devices and smart phones. mHealth solution technology is used to collect patient data, and their patient history. The mHealth solution is the mobile version which provides secure and convenient access health information on mobile device or tablet. mHealth solutions provides various services such as Monitoring Services, Diagnosis Services, Healthcare Systems Strengthening Services, and Others.
Market Drivers

Increase in penetration of tablets, smartphones, and other mobile platforms is expected to boost the global mHealth solution market. Furthermore, rise in usage of connected devices and mHealth apps for chronic disease management is expected to propel global mHealth solution market growth. Moreover, increase in penetration of 3G and 4G networks for uninterrupted healthcare services is expected to fuel the global mHealth solution market growth. In addition to that, rise in demand for home healthcare services will have the positive impact on global mHealth solution market growth.
Additionally, rise in focus on patient-focused and individual specific healthcare provisions is expected to grow the global m-Health solution market, over the forecast period.

However, lack of standards and regulations as well as paucity of reimbursement is expected to hamper the global mHealth solution market growth. Also, limited guidance from physicians in selecting apps will affect the global mHealth solutions market growth. Moreover, resistance from traditional healthcare providers is expected to hinder the global mHealth solutions market growth.

Market Segmentation

Global mHealth Solutions Market is segmented into components such as Wearables (BP Monitors, Activity Trackers, Neurological Monitors, Sleep Apnea Monitors, Pulse Oximeters, and Glucose Meters), and mHealth Apps (Women’s Health, Remote Monitoring Apps, Diagnostic Apps, Chronic Disease Management Apps, Medication Management Apps, Personal Health Record App), by services such as Monitoring Services, Diagnosis Services, Healthcare Systems Strengthening Services, and Others.

Also, Global mHealth Solutions Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Medtronic Plc, Koninklijke Phillips N.V, Omron Healthcare Co, Ltd, Johnson & Johnson, Cerner Corporation, Bio Telemetry, Inc, Apple Inc, Withings S. A, AirStrip Technologies, iHealth Lab. Inc, and AT & T.

Market Taxonomy

By Components

• Wearables BP Monitors
• Activity Trackers
• Neurological Monitors
• Sleep Apnea Monitors
• Pulse Oximeters
• Glucose Meters

mHealth Apps Women’s Health

• Remote Monitoring Apps
• Diagnostic Apps
• Chronic Disease Management Apps
• Medication Management Apps
• Personal Health Record App

By Services

• Monitoring Services Diagnosis Services,
• Healthcare Systems Strengthening Services
• Others

By Region

• North America
• Latin America
• Europe Asia
• Pacific Middle
• East & Africa

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Vishal Thakur
Research Support Specialist
QualiKet Research
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