22-Oct-2019: The global mHealth apps
market size is expected to reach USD 236.0 billion by
2026, according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 44.7% during the forecast period. The market is majorly
driven by increasing adoption of advanced technologies in healthcare facilities
and the need to reduce long waiting periods to access healthcare facilities
from specialists.Availability of mobile applications for users is witnessing a
rapid growth, especially healthcare apps that assist consumers in
self-management of disease, wellness, and chronic conditions. This increased
role of patients coupled with the rising importance in staying updated and
informed about their own healthcare decisions, contributing to the rise in adoption
of mHealth apps globally.
Healthcare industry
has been transitioning towards a value-based care model with mHealth becoming a
widespread trend owing to the advent of technologies such as remote monitoring,
electronic medical record, and other communication platforms. The increasing
prevalence of disorders, such as diabetes, hypertension, cancer, and obesity
along with the growing awareness about wellness and other preventive measures
diseases among patients is expected to boost the mHealth market growth.
mHealth leverages
from the 4Ps: personalized, predictive, participatory, and preventive measures
for care delivery to provide optimal care to users. Moreover, rising
penetration of smartphones, and other electronic devices, especially, in low-
and middle-income countries and increasing focus on the use of mobile
technology to manage care delivery is anticipated to benefit the market.
In
depth research report on mHealth Apps Market
Further key findings from the report suggest:
·
Rapid growth in chronic diseases along with the rise in the
number of app users is accountable for the mHealth apps market growth
·
The types of mHealth apps include fitness, lifestyle
management, nutrition and diet, women’s health, medication adherence,
healthcare providers, and disease management. Of these, the fitness category
accounted for the majority of segment share in 2018
·
mHealth app vendors are focusing their attention on women's
health, diet, and medication reminders. According to Wired, a mobile
advertising and analytics platform, women are more inclined toward tracking
their health than men
·
Physicians are increasingly recommending the use of mHealth
apps to their patients, which is likely to increase the adoption rate of
mHealth apps
·
North America led the mhealth applications market in 2018 in
terms of revenue share pertaining to the technological advancements and
presence of major players in the region
·
Some of the key players are Johnson & Johnson; Abbott
Laboratories; AstraZeneca; Bristol-Myers Squibb Company; F. Hoffmann-La Roche
Ltd; Novartis AG; GlaxoSmithKline plc; Merck and Co., Inc.; Pfizer; and Sanofi
Grand View Research
has segmented the global mHealth apps market based on type and region:
mHealth Apps Type Outlook (Revenue, USD Million, 2015 - 2026)
·
Fitness
·
Lifestyle Management
·
Nutrition & Diet
·
Women's Health
·
Medication Adherence
·
Healthcare Providers/ Payors
·
Disease Management
·
Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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