Research Reports
mHealth Market Size, Trends, Demand, Leading Companies, Growth and Opportunities 2021-26
Published : 3 years ago, on
According to IMARC Group’s latest report, titled “mHealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global mHealth market exhibited strong growth in 2020. Looking forward, the market value is expected to reach US$ 1.95 Billion by 2026, growing at a CAGR of around 25% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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mHealth or mobile health refers to the concept that enables individuals to capture their own health data using mobile technology, such as smartphones, tablets and other wireless devices. It helps improve health outcomes, healthcare services, and health research by providing personal digital assistance to patients. This reduces the health information gap as the system ensures data collection remotely and optimizes programs and policies.
Market Trends and Drivers:
The global mHealth market is primarily driven by the growing penetration of smartphones and the internet. The growing mobile phone networks offering higher data transmission speed and cheaper and more powerful handsets transform the way health services and information are accessed, delivered, and managed. Besides this, the increasing cases of chronic diseases like diabetes and hypertension are also positively influencing the market growth. Furthermore, governments of various nations are investing in mHealth to strengthen health systems and achieve health-related development goals. Moreover, several companies are developing mobile applications that assist patients in keeping track of their health. For instance, the introduction of the internet-based repository CURE ID, launched by the United States Food and Drug Administration (US FDA), offers the experience of treating infectious diseases through smartphones or websites.
mHealth Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global mHealth market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Allscripts Healthcare Solutions Inc.
- Koninklijke Philips N.V.
- Bayer AG
- Boston Scientific Corporation
- Apple Inc.
- Samsung Electronics Co. Ltd.
- Masimo Corporation
- Omron HealthCare Inc. (OMRON Corporation)
- Airstrip Technologies Inc.
- Qualcomm Incorporated
Key Market Segmentation:
The report has segmented the global mHealth market on the basis of component, service, participants and region.
Breakup by Component:
- Wearables
- Blood Pressure Monitors
- Blood Glucometer
- Pulse Oximeter
- Neurological Monitors
- Others
- mHealth Apps
- Medical Apps
- Fitness Apps
Breakup by Service:
- Monitoring Services
- Diagnosis Services
- Healthcare Systems Strengthening Services
- Treatment Services
- Others
Breakup by Participants:
- mHealth Application Companies
- Pharmaceuticals Companies
- Hospitals
- Health Insurance Companies
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/mhealth-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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