A recent report published by Infinium Global Research on mHealth
market provides an in-depth analysis of segments and sub-segments in the global as
well as regional mHealth market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional mHealth
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global mHealth market.
According to the report, the global mHealth market is projected to grow at a
CAGR of 23.05% over the forecast period of 2020-2026.
Market Insight
Health-related technologies and mobile applications are frequently
known as mHealth, which helps in managing patients’ experiences. Such health
mobile apps and technologies utilize advanced data analytics to help medical
professionals in providing their patients best care at a low cost. This
patient-related data is collected through wireless electronic means such as
mobiles, wearable devices, and other mHealth devices. Furthermore, the
collected patient data is stored on a remote cloud with the help of a mHealth
application. This stored data is accessed by healthcare professionals to
conduct an analysis of parameters associated with medical conditions. These
readings are then analyzed by healthcare professionals to determine the
severity of the medical condition. Several types of devices and services
available in the market. These mobile health applications enable easy and
better health management through simple apps, such as diet, exercise trackers,
and calorie-counting.
The key factors which are responsible for the growth of the global
mHealth market involves the integration of wireless technologies with portable
healthcare devices, a rise in the prevalence of lifestyle disorders, favorable
government initiatives, and technological innovations. Moreover, the
affordability of smartphones and the rise in the adoption of mHealth among
medical professionals boost mobile health market growth. Increasing the
penetration rate of the phone across the globe is one of the key factors
propelling mHealth market growth. Many people have more than one smartphone,
cell phone, or tablet. For example, the center for Technology Innovation stated
that China and India represent the areas with the largest number of mobile
devices. Growing usage of smartphones will enable the population to access
several healthcare-related services through wireless multimedia, thus fostering
the adoption of mHealth services. On the other hand, factors such as data
security concerns and poor network coverage can hinder the growth of the
market.
Furthermore, the high incidence and infectious nature of the novel
COIVD-19 virus has infected a large number of frontline healthcare providers
resulting in a substantial shortage of doctors and nurses. Moreover, owing to
infrastructural challenges such as limited number of beds in quarantine
facilities, a large patient pool with mild symptoms are home quarantined. To
monitor these enormous patient inhabitants with restricted healthcare staff,
numerous hospitals are adopting digital health solutions, which is relatively
evident in recent market movements. With Covid-19 infections increasing
internationally, the anxiety regarding a shortage of essential life-saving
devices and other essential medical supplies in order to inhibit the spread of
this pandemic and provide optimum care to the infected also widen. Furthermore,
several governments, companies, and citizens movements have developed mHealth
initiatives to keep the population informed and help manage the COVID-19
pandemic. Several new applications are also expected to be launched in the
market complemented by the increasing efforts of the country governments to
contain the spread of the virus. All these developments are predicted to boost
the market over the long term.
Geographically, North America is expected to dominate the mHealth
market during the forecast period. The large share of North America in the
market can be accredited to the high penetration of smartphones, tablets, and
other mobile platforms. Furthermore, the region will offer several growth
opportunities to market vendors during the outbreak of COVID-19 due to the high
demand for health-related devices and services. Moreover, the Asia Pacific
region is anticipated to grow with the fastest CAGR owing to the increasing use
of mHealth intervention for healthcare needs. The growing geriatric population
in countries such as China and Japan and the increasing burden of chronic
conditions also boost the demand for mHealth technologies in the region. The
substantial rate of healthcare digitalization in the Asia Pacific region is
primarily due to the high number of smartphone users.

Segment Covered
The report on the global mHealth market covers segments such as
category, service type, and service provider. On the basis of category, the
sub-markets include apps, and wearable. On the basis of service type, the
sub-markets include monitoring services, diagnostic services, and treatment
services. On the basis of the service provider, the sub-markets include mHealth app
companies, hospitals, and health insurance.
Companies Profiled:
The report provides profiles of the companies in the market such
as Apple Inc., AT&T, Allscripts Healthcare Solutions, Orange S.A, Google
Inc., AirStrip Technologies, Qualcomm Inc., Telefonica, Vodafone Group, and
Samsung Electronics.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the mHealth market.
Moreover, the study highlights current market trends and provides forecast from
2020-2026. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.