Global mHealth Solutions Market Expected to Reach USD 160.5 Billion By 2024: Zion Market Research

According to the report, the global mHealth solutions market was valued at approximately USD 21.3 billion in 2017 and is expected to generate around USD 160.5 billion by 2024, at a CAGR of around 33.48% between 2018 and 2024.


New York, NY, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “mHealth Solutions Market by Services and Products (Connected Medical Devices (Consumer Health Devices and Clinical Devices), mHealth Apps (Healthcare Apps and Medical Apps), and mHealth Services): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global mHealth solutions market was valued at approximately USD 21.3 billion in 2017 and is expected to generate around USD 160.5 billion by 2024, at a CAGR of around 33.48% between 2018 and 2024.

mHealth is the provision of healthcare and related services through mobile communication devices. The mHealth solutions use smartphones, tablets, and wearable devices for health services and data collection. Mobile devices act excellent sources to improve health outcomes and offer innovative health services to any part of the world via information and communication technologies.

Browse through 190 Tables & 16 Figures spread over 110 Pages and in-depth TOC on “Global mHealth Solutions Market: By Type, Size, Share, Technology, Trends, Analysis and Forecast 2017—2024”.

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The worldwide prevalence of life-threatening diseases is increasing due to changing lifestyle habits, sedentary lifestyle, and lack of exercise. The growing health awareness among patients is likely to boost the mHealth solutions market in the future. Additionally, the increased use of tablets, smartphones, etc. is increasing among all age groups and the penetration of third and fourth generation networks helps in providing uninterrupted health services. Healthcare professionals are focused on offering patient-centric healthcare services. The mHealth apps help maintain patient records, allow remote monitoring, consultation, and prevention and treatment services. Thus, these aforementioned factors are likely to drive the mHealth solutions market in the upcoming years. However, the lack of regulations, standards, and reimbursement policies might hamper the mHealth solutions market growth in the future.

The global mHealth solutions market is segmented based on products and services and region. By products and services, the market is segmented into mHealth applications (apps), connected medical devices, and mHealth services. Connected medical devices segment is further segmented into clinical devices and devices for consumer health. The clinical devices segment is further classified into vital signs monitoring devices and fetal monitoring devices, peak flow meters, multi-parameter trackers, sleep apnea monitors, neurological monitoring devices, and other connected medical devices. Vital signs monitoring devices is sub-segmented into blood glucose monitors, blood pressure monitors, ECG monitors/heart rate monitors, and pulse oximeters. Other clinical devices segment includes coagulation monitors, thermometers, fetal maternity monitors, and digital skin sensors.

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The mHealth applications segment is divided into healthcare applications and medical applications. Healthcare applications segment is divided into chronic care management apps, general health and fitness applications, medication management apps, personal health record (PHR) apps, women’s health apps, and other healthcare apps (dermatological treatment, sleep monitoring, and emergency response (vital tracking)). General health and fitness Apps are classified into weight and obesity management apps, health-tracking apps, and fitness and nutrition apps. Chronic care management apps are classified into diabetes management apps, behavioral disorder and mental health management apps, cancer therapy management apps, blood pressure, and ECG monitoring apps, and other chronic care management apps (kidney disorders and respiratory diseases and infections management apps). Women’s Health Apps are classified into fertility apps, breastfeeding apps, pregnancy apps, and other women health apps (apps for sleep, activity, and stress level tracking). Medical apps are made for medical professionals and are classified into continuing medical education apps, consulting and communication apps, medical reference apps, and patient management and monitoring apps.

The mHealth services segment includes diagnosis and consultation services, remote monitoring, healthcare system strengthening services, treatment services, prevention services, and fitness and wellness services.

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The presence of advanced healthcare systems increased usage of smartphone and other devices penetration, the higher adoption rate of innovative technologies are some of the key factors that are likely to boost the North American mHealth solutions market in the future. North America held a major share, i.e., around 45%, of the global mHealth solutions market in 2017.

By region, North America held a major share, i.e., around 45%, of the global mHealth solutions market in 2017. North America is projected to retain its leading position over the forecast time period. The presence of advanced healthcare systems increased usage of smartphone and other devices penetration, the higher adoption rate of innovative technologies are some of the key factors that are likely to boost the North American mHealth solutions market in the future. At the country level, the U.S. is the major market for mHealth solutions in the North American region and at the global level. Developed healthcare infrastructure and health awareness are likely to drive the market in the U.S. and Canada. Additionally, greater consumer accessibility to health services and connected medical devices and presence of major players in the U.S. are boosting the market growth in North America mHealth solutions market.

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Europe is the second largest region for mHealth solutions market, owing to developed healthcare infrastructure, high occurrences of disease, and increasing awareness about health disorders. At the country level, the largest share was held by Germany in 2017 followed by the UK. The growing adoption, penetration of connected medical devices and smartphones, and shifting consumer inclination toward the healthier standards of living are other factors anticipated to fuel the European mHealth solutions market growth in the upcoming years.

The Asia Pacific region is estimated to register substantial growth in the mHealth solutions market in the estimated period. This regional growth can be attributed to a large geriatric population base and increasing lifestyle-related disorders, such as diabetes, cardiovascular diseases, and arthritis, increasing health awareness, and rising healthcare expenditure and disposable income. Additionally, the high penetration rate of smartphones and tablets is likely to boost the region’s mHealth solutions market. Furthermore, the growing demand to improve the healthcare systems and demand for improved healthcare service that offers affordable, efficient delivery of quality care, and decreased delivery costs are anticipated to contribute toward this regional market growth in the future.

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The Latin American mHealth solutions market experienced moderate growth in 2017 and is expected to register moderate growth in the future. The Middle East and Africa are likely to exhibit a slow rate of growth in the mHealth solutions market over the forecast time period.

Some key players of the global mHealth solutions market include Medtronic Plc, Koninklijke Philips N.V., Omron Corporation, Apple, Inc., AirStrip Technologies, AliveCor, Inc., LifeWatch AG, Withings, BioTelemetry Inc., Athenahealth, Inc., AgaMatrix, Inc., iHealth Lab, Inc., AT&T, Cerner Corporation, Cisco Systems, Inc., and Nokia Corporation, among others.

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This report segments the global mHealth solutions market into:

Global mHealth Solutions Market: By Product and Services

  • Connected Medical Devices
    • Clinical Devices
      • Vital Signs Monitoring Devices
        • Blood Pressure Monitors
        • Blood Glucose Meters
        • ECG/Heart Rate Monitors
        • Pulse Oximeters
      • Peak Flow meters
      • Fetal Monitoring Devices
      • Multiparameter Trackers
      • Sleep Apnea Monitors
      • Neurological Monitoring Devices
      • Other Clinical Devices
    • Consumer Health Devices
  • mHealth Apps
    • Healthcare Apps
      • General Health and Fitness Apps
        • Health Tracking Apps
        • Obesity and Weight Management Apps
        • Fitness and Nutrition Apps
      • Chronic Care Management Apps
        • Mental Health and Behavioral Disorder Management Apps
        • Diabetes Management Apps
        • Blood Pressure and ECG Monitoring Apps
        • Cancer Therapy Management Apps
        • Other Chronic Care Management Apps (Respiratory Diseases and Kidney Disorders, Infections Management Apps)
      • Medication Management Apps
      • Women’s Health Apps
        • Pregnancy Apps
        • Fertility Apps
        • Breastfeeding Apps
        • Other Women’s Health Apps
      • Personal Health Record Apps
      • Other Healthcare Apps
    • Medical Apps
      • Medical Reference Apps
      • Continuing Medical Education Apps
      • Patient Management and Monitoring Apps
      • Communication and Consulting Apps
  • mHealth Services
    • Remote Monitoring Services
    • Diagnosis and Consultation Services
    • Treatment Services
    • Healthcare System Strengthening Services
    • Fitness and Wellness Services
    • Prevention Services

Global mHealth Solutions Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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