MHealth Market

Global Mhealth Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The growing emphasis on enhancing personalized fitness and health via the use of smart gadgets and wearables is a significant driver driving market expansion.

Global Mhealth Market is valued at USD 53.78 Billion in 2021 and expected to reach USD 115.23 Billion by 2028 with a CAGR of 11.5% over the forecast period.

Scope-

The word mHealth (mobile health) refers to the utilization of mobile devices and other cellular technologies in medical treatment. The foremost popular application of mHealth is to inform customers about preventative healthcare treatments via portable devices. Nevertheless, mHealth is widely utilized for illness monitoring, therapeutic assistance, monitoring pandemic outbreaks, and managing chronic diseases. In underdeveloped regions with a high demographic and substantial mobile telephone use, mHealth is emerging an attractive choice. Nonprofit groups such as the mHealth Alliance advocate for greater adoption of mHealth in poor countries.

The Covid-19 outbreak, illustrated the capacity of digital health technology to overcome the barrier between patients and conventional healthcare facilities, spurring the use of novel online media and remote treatment models. Throughout the global pandemic, the mHealth industry arose as an efficient and long-term COVID-19 prevention, therapy, and healthcare monitoring option. As per a study released on October 22, 2021, Intermountain Hospital Utah, Rush College Community Hospital in Chicago, and the University of Texas Medical Sciences Institute at Houston partnered on a government-sponsored effort to develop a mHealth application that can follow COVID-19 victims at homes in real-time.

The global mhealth market is segmented based on component, application, and end-use. Based on component, the mhealth market is segmented into app (medical app, fitness app) and wearable. Based on application, the mhealth market is segmented into, education and awareness, communication and training, diagnostics and treatment, remote data collection, disease and epidemic outbreak tracking, remote monitoring, others. Based on end-use the mhealth market is segmented into patients, physicians, insurance companies, pharmacy, research centers, government, biopharmaceutical companies, tech companies, and others.

The regions covered in the global mhealth market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global mhealth market is sub divided into U.S., Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Brazil, Mexico, GCC, Africa, Rest of Middle East and Africa.

Key Players-

Some major key players for the global mhealth market report cover prominent players like -

• Sanofi
• Samsung Group
• Bayer Healthcare
• Omron Corporation
• Medtronic plc
• Koninklijke Philips N.V
• Johnson & Johnson
• Dexcom Inc.
• Masimo Corporation
• Boston Scientific Corporation
• Apple Inc.
• FitBit Inc.
• Withings
• Jawbone
• Proteus Digital Health
• Omada Health Inc.
• WellDoc Inc.
• Livongo Health
• HealthMine Inc.

Segmentation-

By Component:

• Apps

  • Medical App
  • Fitness App

• Wearables

By Application:

• Cloud Security
• Education and Awareness
• Communication And Training
• Diagnostics And Treatment
• Remote Data Collection
• Disease And Epidemic Outbreak Tracking
• Remote Monitoring
• Others

By Threat Type:

• Distributed Denial of Service (DDoS)
• Ransomware
• Phishing & Spear Phishing
• Malware & Spyware
• Others

By End-User:

• Patients
• Physicians
• Insurance Companies
• Pharmacy
• Research Centers
• Government
• Biopharmaceutical Companies
• Tech Companies
• Others

By Regional & Country Level:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

Increasing Prevalence of Cardiovascular Diseases and Rising Technology Adoption in the Healthcare Industry are Driving the Market Growth

The increased incidence of different chronic diseases amongst the worldwide population, as well as the expanding elderly demographic, are expected to boost the worldwide mHealth demand throughout the projected timeframe. The worldwide geriatric demographic is expected to surpass over 2 billion by 2050, in accordance with the United Nations. The advantages and benefits of using mHealth applications are increasing in popularity. Furthermore, professionals and clinicians are progressively using mHealth networks to connect to clients. Patients may simply consult their doctors from the convenience of their own homes by pressing a button. Government policies that encourage the use of telehealth are promoting the expansion of the mHealth business, particularly in industrialized areas like North America and Europe.

Additionally, rising hospitalization and admitting patient actions have boosted the adoption of mHealth applications. For example, on July 19^th, 2022, the Australian hospital network performed an essential role in controlling and curing persons afflicted with coronavirus (COVID-19). During January and June 2020, there were approximately 2,600 patients with a COVID-19 diagnostic. The COVID-19 outbreak, on the other hand, had a considerable influence on healthcare activity in general.

Despite a sizable portion of the population having smartphones as well as other portable devices now, including physicians and medical staff, the complication of continuous connectivity continues to be a significant obstacle. Mobile healthcare applications that are challenging to incorporate and utilize with current systems may hinder their acceptance. Engineers, portable healthcare technology suppliers, and consumers want installation and use to be as simple as possible. As a result, the difficulty of mHealth app deployment and interoperability is limiting industry revenue development.

North America is Expected to Capture a Major Share in the Global Mhealth Market

Geographically, the North American region is anticipated to dominate the global mhealt market during the forecast period. The region's expanding incidence of cardiovascular illnesses is pushing the demand for real-time surveillance. The introduction of mHealth apps that may offer factual info about cardiovascular function can help to avert significant health problems and lower the fatality rate from unexpected cardiovascular arrest.

Furthermore, strategic measures done by industry participants are boosting the expansion of the industry in the nation. For example, in February 2021, Philips bought BioTelemetry Inc., among the major suppliers of remote cardiac diagnosis and monitoring solutions in the United States.

Asia-Pacific is predicted to develop at the quickest rate due to increased awareness of the usage of mHealth gadgets. Additional factors driving the expansion of the mHealth industry comprise a large diabetic patient population and an increase in healthcare spending in the area. Growing economies give attractive prospects for mHealth suppliers to extend their operations.

Furthermore, rising government developments in the Asia Pacific region will boost market growth. For instance, in June 2022 with the assistance of the Mindtree Foundation, the CSR subsidiary of multinational IT consultant and services business Mindtree, HelpAge India launched the deployment of 3 Mobile Healthcare Units (MHUs) in Telangana and Western Uttar Pradesh. MHU employs physicians, chemists, and counselors to give medical care to the destitute elderly in the surrounding area. The expanded MHU fleet would service 30 new places, bringing the total number of places covered to over 2000 across 22 states.

News-

ALYKA Health Launched New Software For Digital Health Assistance

In October 2022- ALYKA Health, a healthcare technology business, has announced the release of a smartphone software that will function as a person and family's digital health assistant. ALYKA, which is accessible on iOS and Android smartphones, gives people the power to improve their health. ALYKA examines important risk variables for heart illness and connects selected critical health information with the patient's medical records. Individuals may design individualised journeys that include objectives, ideas, and reinforcement to improve their cardiovascular condition and well-being.

China Mobile Hong Kong and Heals Healthcare Collaborated to Launch Fitness App

In May 2022- China Mobile Hong Kong, in collaboration with health tech startup Heals Healthcare, launched a mobile fitness app for clinical impact in Hong Kong. The latest Dr. HK app, which is downloadable on Android and iOS smartphones, provides a combination of offline and online healthcare services, such as access to electronic health data, internet ambulatory clinic sessions, video discussions, and drug delivery.

Sanford Health established a virtual care center to offer a system of virtual facilities and telehealth solution

In August 2022- Sanford Health established a virtual care center to offer a system of virtual facilities and telehealth solutions for persons in remote locations that are commonly underserved. Rural populations confront a range of impediments to care, including considerable distances connecting patient residences and clinic facilities. To address this problem, Sanford Health is constructing a 60,000-square-foot virtual care center with telemedicine workplaces. Sanford Health, as a regional health system, concentrates on providing healthcare to rural populations.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 53.78 Billion
Base year considered	2021
Forecast Period CAGR %:	11.5%
Market Size Expected in 2028:	USD 115.23 Billion
Tables, Charts & Figures:	175
Pages	200
Companies	Sanofi, Samsung Group, Bayer Healthcare, Omron Corporation, Medtronic plc, Koninklijke Philips N.V, Johnson & Johnson, Dexcom, Inc., Masimo Corporation, Boston Scientific Corporation, Apple Inc., FitBit Inc., Withings, Jawbone,  Proteus Digital Health, Omada Health Inc., WellDoc Inc., Livongo Health, HealthMine Inc., and others.
Segments Covered	By Component, By Application, By Threat Type, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa