Global mHealth Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Global mHealth Market Overview:

“The global mHealth Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

M-health or mobile health is a term used for advanced practice of medicine and public healthcare by usage of mobile phones or wireless communication technology. M-health is mainly used for remote monitoring, diagnostics and consultation, and fitness & wellness. Demand for mhealth solutions is growing at a significant rate, owing to increasing healthcare costs at medical centers or hospitals, increasing demand for patient centric healthcare model, rising prevalence of chronic diseases, and changing lifestyles.

In addition, increasing demand for quality healthcare, increasing error occurrence and integration with existing IT systems, development of mhealth technologies, increasing usage of mobiles, tablets and smartphones, increasing utilization of connected medical devices and mhealth applications, and growing need for remote patient monitoring services for examination, post-surgery care, etc., are also driving its adoption rate and growth of the global mhealth market. The global mhealth market was valued at US$XX, XXX.X million in 2016, and it is expected to grow at a CAGR of XX% during 2017 - 2026.

Restraining factors such as computational, and energy limitations, lack of data security and privacy, insufficient memory, poor reimbursement policies, are inhibiting growth of the global mHealth market. However, increasing number of collaborations and partnerships, growing number of product launches and approvals, and rising demand for cloud technology in healthcare are trends expected to widen the opportunities scope of the global mhealth market.

North America market dominates the global mhealth market and is expected to maintain its dominance in the years to come. Europe market accounts as second largest market and is expected to witness strong growth rate, followed by Asia Pacific due to high adoption rate and government initiatives.

Global mHealth Market Segmentation:

Global mhealth market segmentation, by connected medical devices:

• Heart Rate Monitors
• Activity Monitors
• Electrocardiograph
• Fetal Monitoring
• Neuro-monitoring

Global mhealth market segmentation, by application:

• Weight Loss
• Woman Health
• Personal Health Record
• Medication

Global mhealth market segmentation, by service:

• Diagnostic
• Remote Monitoring
• Consultation

Global mhealth market segmentation, by end-user:

• B2B (Patients and Caregivers)
• B2C (Providers, Payers, and Employers)

Global mhealth market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa