ID: MRFR/HCIT/2304-CR | 122 Pages | Author: Rahul Gotadki | June 2017
The mhealth applications market is expected to reach USD 4.3 Billion by 2032 at 12.2% CAGR during the forecast period 2023-2032. It has been marked that the mhealth app development industry is marked to be the highly evolving industry where the market keeps on filling correspondingly soon. The mHealth applications market growth is expanding and is getting extreme day by day. Significant organizations are put forward with particular methods to enter into the market and build a special space there. Various other systems incorporate the mHealth items, dispatch them, arrange and coordinate them. They also extend those systems to carry out joint endeavor programs and even vital coalitions. New creative items dispatch gives a high edge to the contenders. It has been marked in the present days that mHealth applications have evolved to a great extent.
COVID 19 ANALYSIS
Globally, the outbreak of the pandemic has pushed up the growing use of versatile wellbeing stages. Rising higher and observing persistently and examining the patients’ information and giving conclusions are the central points for the selection of mHealth applications. For example, Statists information gives a good relationship between the quantity of mHealth of any healthcare applications downloads and the pinnacle month of the COVID 19 highlights that a 135% increase in clinical application downloads was done in the regions of South Korea and around 655 ascents at the national level. Further, it was marked that the pandemic has given full support to item reception, and thus energizing the usage of mHealth applications throughout the world.
By type- the mHealth applications market is classified into the platform, application, and end-use. Based on the platform, the market of mHealth applications was valued USD 9.2 billion in 2018. The market of mHealth applications expanded at a high rate during this period. The innovations of mobile health along with wearable gadgets have soared high and have helped in the advancement of speaking ability. Based on application, the mHealth applications market occupied USD 5.6 billion in 2018, Glooko, a company helped in detecting the diabetic patients present throughout the world. This mobile health application helps the medical supplies to follow and to draw information about the patient. Based on end-use, the biopharma unit covered a market value of USD 1.4 billion out of 2018. With the presence of mobile health model services, there is an expansion in downloading mobile health services within the pharma companies. With the endeavors soaring up high to the present sickness of the people mobile health has discovered promising devices for their welfare.
mhealth Applications Market Regional Insights
Taking into account the market condition of mobile health business, it has marked that the European market is considered to cover a large mhealth apps Market share. Some of the regions of Germany, the United Kingdom, and France have occupied a significant place in the whole world. Some of the Asia-Pacific has shown development in mobile health apps. It spreads at a quick rate and rules the world during the market forecast period. In the region of North America, sensible apps have been launched to cover a large market share. It has also been marked that the Middle East and African region is emerging nowadays and is expected to be developed during the conjecture time frame.
mhealth Applications Key Market Players & Competitive Insights
Some of the market players operating in the mobile health apps Market are
mhealth Applications Industry Developments
In January 2024,
Allscripts announced the launch of Veradigm™ mHealth, a new platform offering remote patient monitoring (RPM) solutions. Veradigm™ mHealth integrates with EHRs and leverages Allscripts' data analytics capabilities.
In February 2024,
Medtronic MiniMed announced the launch of the MiniMed 780G with SmartGuard™ technology, a new insulin pump system with automated insulin suspension and delivery features. The system utilizes AI algorithms to personalize insulin delivery.
Report Attribute/Metric | Details |
Market Size | USD 4.3 Billion |
CAGR | 12.2% |
Base Year | 2021 |
Forecast Period | 2023-2032 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application, End User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Allscripts (US), iHealth Labs Inc. (US), Medtronic MiniMed, Inc. (US), Apple Inc. (US), Agamatrix, Inc. (US), Honeywell International Inc. (US), Vivify Health (US) |
Key Market Opportunities | Expanding and is getting more extreme |
Key Market Drivers | · Quickly evolving innovation· Rising economies· Changing medical services area |
The mHealth applications market can touch USD 4.3 Billion by 2032.
The monitoring application holds the largest share in the mHealth applications market.
APAC can exhibit a CAGR of 12.2% from 2023-2032 in the mHealth applications market.
Honeywell International Inc., Medtronic MiniMed, Inc., iHealth Labs Inc., Agamatrix, Inc., Allscripts, Apple Inc., and Vivify Health are market leaders of the mHealth applications market.
Key Questions Answered
Why Choose Market Research Future?