The increasing costs of drugs and high premiums of insurance policies amid the prevalence of chronic diseases have encouraged the growth of mobile health (mHealth) applications (apps). mHealth apps possess the inherent capacity to monitor patients from remote regions with the help of the Internet on account of smartphones and tablets.
By using the existing technology of blood glucose monitors and other wireless devices, mHealth apps can collate the data to make accurate predictions about diseases. Augmented reality is also expected to play a major role by assisting people with phobias or anxieties.
By using the existing technology of blood glucose monitors and other wireless devices, mHealth apps can collate the data to make accurate predictions about diseases. Augmented reality is also expected to play a major role by assisting people with phobias or anxieties.
Redefining Wellness with Fitness Apps
Different types of mHealth apps include women’s health, medication adherence, nutrition and diet, fitness, healthcare providers/payors, disease management, and lifestyle management. Fitness apps are expected to grow at a robust rate due to increasing health consciousness among consumers. The apps assist consumers in tracking their progress and maintaining their diet.
Women’s health apps are expected to gain traction due to a large number of female smartphone users. According to a survey by mScripts, two-thirds of female users are mothers which can indicate their bigger role in managing family apps accounts. The apps can be used to prevent infections in developing economies and manage health in developed countries. Some popular apps include Maven, Clue, and Circle of 6.
Market Overview
The global mHealth apps market is predicted to touch a size of USD 111.8 billion by 2025, growing at a 44.2% CAGR from 2014 to 2025 (forecast period), according to a insightful report by Grand View Research, Inc. It is primarily driven by its ability to assist multiple consumers simultaneously from the comfort of their home.
High adoption of wearables driven by growing number of smartphone users is another factor spurring market demand. The rising trend of self-management of diseases is expected to usher in a more customer-centric healthcare model. Prominent market players include Abbott Laboratories, Johnson and Johnson, GlaxoSmithKline plc, and Sanofi.
In-Depth Research Report On mHealth App Market:
https://www.grandviewresearch.com/industry-analysis/mhealth-app-market
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