Mobile Healthcare Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players

The mobile healthcare market size has grown exponentially in recent years. It will grow from $105.73 billion in 2023 to $137.12 billion in 2024 at a compound annual growth rate (CAGR) of 29.7%. The growth in the historic period can be attributed to patient engagement initiatives, regulatory support, telehealth expansion, health information exchange, .

The mobile healthcare market size is expected to see exponential growth in the next few years. It will grow to $380.8 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to social determinants of health tracking, telemedicine platforms integration, focus on health equity, pharmacy and medication management, global health crisis response.. Major trends in the forecast period include telehealth adoption, wearable technology integration, focus on chronic disease management, interoperability and data security, collaboration with pharma companies, regulatory landscape changes..

Market Overview -
Mobile healthcare refers to a branch of electronic health, which is defined as public and medical health practise supported by mobile devices. Healthcare devices are utilised for the collection and storage of patient information to obtain accurate results, which are used to diagnose and treat various medical conditions.

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Rising Prevalence Of Chronic Diseases To Drive Market Growth
The increase in incidence of chronic diseases globally is significantly contributing to the growth of the mobile healthcare market. For example, one in every three adults worldwide suffers from multiple chronic conditions, with prevalence rates ranging from 16% to 58% in UK studies, 26% in US studies, and 9.4% in urban South Asians. Therefore, the growing incidence of chronic diseases globally is driving the mobile healthcare market growth.

Competitive Landscape -
Major companies operating in the mobile healthcare market report are Apple Inc., Koninklijke Philips N. V., Omron Corporation, athenahealth Inc., iHealth Labs Inc., AT&T Inc., Samsung Electronics Co. Ltd., Vodafone Group Plc, Dexcom Inc., Masimo Corporation, Qualcomm Technologies Inc., AliveCor Inc., Nike Inc., BioTelemetry Inc., AgaMatrix Inc., Withings S. A., Telefonica S. A., SoftServe Inc., Google LLC, Teladoc Health Inc., Amwell Inc., Doctor on Demand Inc., Livongo Health Inc., Omada Health Inc., Ginger. io Inc., Hims & Hers Health Inc., Lemonaid Health Inc., K Health Inc., 98point6 Inc., HealthTap Inc., Zocdoc Inc., Carbon Health Inc., One Medical Group Inc., Forward Health Inc., Cityblock Health Inc., Iora Health Inc., Oak Street Health Inc., ChenMed LLC, VillageMD LLC, DispatchHealth Inc., Ready Inc., Medici Technologies Inc., MediciNova Inc.

Cloud-Based Healthcare Communication Platforms Transforming The Mobile Healthcare Market
Major companies operating in the mobile healthcare market are developing cloud-based healthcare solutions to gain a competitive edge in the market. Cloud-based healthcare system refers to the use of cloud computing technologies and services to store, manage, access, and analyze healthcare-related data, information, and applications. For instance, in June 2021, Mobile Heartbeat, a US-based clinical software company launched Banyan, a cloud-based communication platform tailored for healthcare providers. Built on Microsoft Azure, this platform offers a suite of modular applications designed for healthcare enterprises, including hospitals and ambulatory care facilities. Banyan Voice can also integrate with existing telephony systems. This cloud-based communication platform aims to provide flexible, scalable, and secure communication tools that adapt to diverse healthcare environments, enhancing real-time communication and collaboration in the healthcare sector.

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Key Segments -
The mobile healthcare market covered in this report is segmented -
1) By Device Type: Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors, Remote Patient Monitoring Devices, Other Device Types
2) By Service Type: Treatment Services, Diagnostic Services, Monitoring Services, Wellness and Fitness Solutions, Other Service Types
3) By Stake Holder: Mobile Operators, Healthcare Providers, Application/Content Players, Other Stake Holders

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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