According to a recent market research report by Fact.MR, the global mHealth market is expected to grow at a significant rate in the coming years. The report indicates that the increasing adoption of mobile devices and the growing prevalence of chronic diseases are driving the growth of the market. Additionally, the rising demand for real-time health monitoring and remote patient care is also contributing to the market growth. The report highlights that North America is expected to dominate the market, owing to the high adoption of mobile devices and advanced healthcare infrastructure in the region. The Asia-Pacific region is also expected to witness significant growth, driven by the increasing penetration of smartphones and the growing focus on telemedicine in countries like China and India.
The report identifies the mobile health applications segment as a key driver of the market, with major players like Apple, Google, and Samsung leading the way. The report also indicates that the wearable devices segment is expected to witness significant growth in the coming years, driven by the increasing demand for fitness and health monitoring devices.
The report further states that the market is characterized by intense competition, with major players investing in research and development to enhance their offerings and gain a competitive edge. Key players in the market include Apple, Google, Samsung, Fitbit, and Philips.
However, the report also notes that data security and privacy concerns, as well as the lack of standardization and interoperability, are major challenges faced by the market. Nevertheless, the increasing adoption of telemedicine and the growing demand for personalized and connected healthcare services are expected to create new opportunities for growth in the mHealth market
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Key Segments Covered in the mHealth Research Report
- By Component
- mHealth Wearables
- BP Monitors
- Glucose Monitors
- Pulse Oximeters
- Sleep Apnea Monitors (PSG)
- Neurological Monitors
- Activity Trackers/Actigraphs
- mHealth Apps
- Medical Apps
- Women’s Health
- Personal Health Record Apps
- Medication Management Apps
- Disease Management Apps
- Diagnostic Apps
- Remote Monitoring Apps
- Others
- Fitness Apps
- Exercise & Fitness
- Diet & Nutrition
- Lifestyle & Stress
- Medical Apps
- mHealth Wearables
- By Services
- mHealth Monitoring Services
- Independent Aging Solutions
- Chronic Disease Management & Post-acute Care Services
- mHealth Diagnosis Services
- mHealthcare Systems Strengthening Services
- Other mHealth Services
- mHealth Monitoring Services
- By Participants
- Mobile mHealth Operators
- mHealth Device Vendors
- mHealth Content Players
- mHealthcare Providers
Key Takeaways:
- The U.S. is expected to account for more than 1/3rd of total revenues in the global mHealth apps market.
- China is expected to witness impressive growth at 19% CAGR in the global mHealth apps market.
- Sales of mHealth apps in Canada are projected to increase at 18.1% CAGR over the upcoming decade.
- Germany is expected to spearhead the growth in Europe mHealth apps market, with demand increasing at 16.1% CAGR between 2022 and 2032.
- In 2021, the medical apps segment accounted for nearly 97% of revenue in the global mHealth apps market.
- The fitness apps category is expected to register 13.4% CAGR during the assessment period.
Key Companies Profiled
- AT&T
- Samsung Electronics Co
- Allscripts Healthcare Solutions
- Apple Inc.
- Orange
- mQure
- Qualcomm Technologies, Inc.
- SoftServe
- Google Inc.
- Airstrip Technologies, Inc.
- Telefonica S.A.
- Vodafone Group
More Valuable Insights on mHealth apps Market
In the latest study, Fact.MR reveals key factors expected to boost the growth in global mHealth apps market during the forecast period (2022-2032). The survey also provides an in-depth analysis of opportunities and drivers projected to propel sales of mHealth apps through detailed segmentation as follows:
Key Questions Covered in the mHealth Apps Market Report
- What will be the demand outlook for the mHealth apps market during the forecast period?
- Which are the challenges faced in the mHealth apps market?
- Which region will lead the growth in the global mHealth apps market during 2022-2032?
- What is the projected market valuation of the mHealth apps market in 2032?
- Which are the factors driving the mHealth apps during 2022-2032?
- Which category will generate maximum revenue in the global mHealth apps market?
