mHealth Market Size, Share, Global Industry Trends Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global mHealth Market


The global mHealth market size is projected to reach US$ 185.37 billion by 2026, from US$ 46.99 billion in 2020, at a CAGR of 25.7% during 2021-2026. Increasing penetration of smart phones, ongoing trend of smart wearables and connected devices, and rising awareness regarding the benefits of mHealth are among the key factors driving the market.

Burgeoning popularity of patient centric care delivery is also expected to propel the market during the forecast period. Furthermore, widening base of aged population and subsequently increasing prevalence of chronic conditions are likely to provide a fillip to the market. mHealth provides access to health education, enables disease treatment adherence, and helps in contacting health workers for disease management.

Technological advancements and favorable initiatives for developing innovative digital solutions are also driving the market. In October 2015, AirRater, an app launched in Tasmania, tracks symptoms of people and notifies them about concentrations of air-borne pollutants such as smoke and pollen. This app was developed by researchers at the University of Tasmania and was originally funded by Sense-T through support from the government of Australia.
Growing preference for mHealth in timely diagnosis and disease tracking is one of the primary growth stimulants for the market. There is a high demand for the service in rural or remote areas for managing care delivery process owing to low availability of medical professionals. Surging demand for digital technologies for managing diseases such as diabetes, autism, insomnia, heart disease, and asthma is also poised to spur the growth of the market.

There are various initiatives being undertaken to promote mHealth. For instance, based on a study published by an educational service provider, Ausmed, in March 2015, the efficacy of mobile technology interventions in people of U.K. with HIV was positive. This study concluded that a simple text message increased patients adherence to antiretroviral therapy medication. In 2012, American Medical Group Foundation launched mHealth campaign titled as measure up/pressure down that helped around 414,167 people to improve or control hypertension detection between 2012 and 2015.

Market Segmentation, Outlook & Viewpoint: Global mHealth Market

Services Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Monitoring services
  
Independent aging solutions
  
Chronic disease management and post-acute care services
  
Diagnosis services
  
Healthcare systems strengthening services
  
Others

Participants Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Mobile operators
  
Device vendors
  
Content players
  
Healthcare providers

Key Players, Recent Developments & Regional Insights: Global mHealth Market

Europe was the leading revenue contributor in the global arena in 2017. Increasing adoption of mHealth in European countries such as France and U.K. and rising number of research initiatives are key factors stoking the growth of the regional market. Growing geriatric population and subsequently rising chronic diseases burden in this region are also bolstering the growth of the market. In addition, increasing research initiatives, such as the EU funded project, MyCyFAPP, a digital health tool for helping cystic fibrosis patients and their families to help calculate optimal enzyme dosage, are also positively influencing the market. Moreover, under this project, a game was developed by researchers for children to help them understand the importance of good nutrition.

Asia Pacific is anticipated to register the highest CAGR of 26.8% over the forecast period. Growing adoption of digital technologies, rising awareness regarding connected care, increasing adoption of remote monitoring tools, and unmet healthcare needs are supporting the growth of the market in the region. Rising geriatric population in countries such as China and growing burden of chronic conditions are stimulating the demand for mHealth in disease diagnosis and monitoring.

Additionally, proliferation of smart phones and subsequently rising adoption of mHealth for reducing healthcare costs and gaining access to important health information are estimated to augment the regional market. Furthermore, with rising urbanization and population growth, prevailing health care facilities in this region are unable to cater the health care needs of the population. As a result, the demand for user friendly and cost effective mobile technology solutions and services is expected to rise in the coming years.

mHealth Market Share Insights

Some of the key players operating in the market are AT&T; Apple Inc.; AllScripts Healthcare Solutions; AirStrip Technologies; Orange; Google Inc.; Qualcomm Inc.; mQure; Softserve; Telefonica; Samsung Electronics; and Vodafone Group. Key strategies adopted by these players for gaining competitive edge include regional expansions, collaborations, and mergers and acquisitions.

For instance, Airstrip and Vivify Health announced collaboration in 2013 for extending support to accelerate homecare interventions. This collaboration was aimed at developing remote care information platform that will enable bidirectional information data, thereby improving clinical workflow and enhancing healthcare decisions.

Key Insights Covered: Global mHealth Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of mHealth industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of mHealth industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of mHealth industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of mHealth industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of mHealth industry.

Research Methodology: Global mHealth Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other