Global mHealth Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Healthcare Date : October 31st, 2018
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Global mHealth market is expected to grow significantly from USD 20.5 billion in 2017 to USD 135.3 billion in 2024, at a CAGR of 31.0% from 2018 to 2024. Factors driving the growth of the market are; increasing incidence of lifestyle-related diseases, growing penetration of smartphones and tablets, and rising government initiatives. Moreover, advancements in mobile technologies and applications, increasing investment in healthcare technology, growing demand for remote patient monitoring, and growing adoption of mHealth products in various healthcare centers are further propelling the market growth.

The years used for the assessment are as follows;

Historical year:2014, 2015, and 2016

Base year:2017

Forecast period:2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, government websites, annual reports, press releases, white papers, surveys, investor presentation of companies, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total global mHealth market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global mHealth market
  • Finalizing the overall size and share of the global mHealth market

OBJECTIVES:

  • To analyze market trends, opportunities, drivers, and restraints associated with the global mHealth market
  • To study market response with respect to the mergers and acquisitions in the industry
  • To profile key companies operating in the mHealth market and provide their competitive landscape

MARKET SCOPE

The research scope for global mHealth market is as follows:

By Device

  • Blood Pressure Monitors
  • Neurological Monitoring
  • Blood Glucose Meter
  • Pulse Oximetry
  • Wearable Fitness Sensor Device
  • Cardiac Monitors
  • Apnea and Sleep Monitors
  • Others

By Service

  • Diagnostic Services
  • Monitoring Services
  • Remote monitoring
  • Fitness and wellness services
  • Treatment services
  • Prevention
  • Others

By mHealth Apps

  • Medical Apps
  • Personal Health Record (PHR) Apps
  • Chronic Care Management Apps
  • Medication Management
  • Women’s Health Apps
  • Fitness Apps
  • Others

By Application

  • Medication Adherence
  • Central Nervous System Disease
  • Musculoskeletal Diseases
  • Cardiovascular Diseases
  • Smoking Cessation
  • Respiratory Diseases
  • Fitness & Wellness
  • Diabetes
  • Others

By Stake Holder

  • Application Players
  • Mobile Operators
  • Healthcare Providers
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America
  • Middle East and Africa

mHealth plays an important role in healthcare sector by enhancing the communication between patients, and the provider. The mHealth apps are able to facilitate information and improve communication between healthcare provider and patients. Approximately, 85% of the world population have access to 3G network coverage, while half of the population reside in the areas where 4G network Infrastructure is available.

Geographically, the global mHealth market is segmented into North America, Europe, Asia-Pacific, Central & South America, and Middle East and Africa. North America held the major share of the global market owing to technological advancements in Healthcare IT sector, and high penetration of smartphones and tablets in the region. The growth of mHealth market in Europe is primarily attributed to the growing adoption of mHealth apps, robust growth of digitalization, and rising health expenditure. Moreover, favorable government policies and growing investments in digital health is also expected to drive the market growth in the region. Asia-Pacific is expected to witness the highest CAGR during 2018-2024, due to increasing incidence of lifestyle-related diseases such as diabetes and hypertension, and growing development in mobile cellular networks in the region.

Some of the key companies operating in the market include GlaxoSmithKline plc., Johnson & Johnson, Apple Inc., Novartis AG, Proteus Digital Health, Inc., AstraZeneca, Firstbeat Technologies Ltd., Dexcom, Inc., WellDoc, Inc, Pear Therapeutics, Inc., Virta Health Corp, Digital Therapeutics Alliance, Livongo Health, Philips Healthcare, Tactio Health Group, and Omron Healthcare, Inc. among others.

Global mHealth Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Global mHealth- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global mHealth market

3.4. Market opportunities & trends

3.4.1. Advancement in mobile technologies and applications

3.4.2. Increasing incidence of lifestyle-related diseases

3.5. Market driver analysis

3.5.1. Growing penetration of smartphones and tablets

3.5.2. Increasing demand for remote patient monitoring

3.5.3. Rising government initiatives

3.5.4. Increased demand for personalized care

3.5.5. Growing adoption of mHealth products in various healthcare centers

3.5.6. Growing development in healthcare IT sector

3.6. Market restraint analysis

3.6.1. Security and privacy issues

3.6.2. Lack of awareness among people

3.7. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Company share analysis

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global mHealth Market Size and Forecast (2014 – 2024)

5.1. Global mHealth Market, By Device (USD Billion)

5.1.1. Blood Pressure Monitors

5.1.2. Neurological Monitoring

5.1.3. Blood Glucose Meter

5.1.4. Pulse Oximetry

5.1.5. Wearable Fitness Sensor Device

5.1.6. Cardiac Monitors

5.1.7. Apnea and Sleep Monitors

5.1.8. Others

5.2. Global mHealth Market, By Service (USD Billion)

5.2.1. Diagnostic Services

5.2.2. Monitoring Services

5.2.3. Remote monitoring

5.2.4. Fitness and wellness services

5.2.5. Treatment services

5.2.6. Prevention

5.2.7. Others

5.3. Global mHealth Market, By mHealth Apps (USD Billion)

5.3.1. Medical Apps

5.3.2. Personal Health Record (PHR) Apps

5.3.3. Chronic Care Management Apps

5.3.4. Medication Management

5.3.5. Women’s Health Apps

5.3.6. Fitness Apps

5.3.7. Others

5.4. Global mHealth Market, By Application (USD Billion)

5.4.1. Medication Adherence

5.4.2. Central Nervous System Disease

5.4.3. Musculoskeletal Diseases

5.4.4. Cardiovascular Diseases

5.4.5. Smoking Cessation

5.4.6. Respiratory Diseases

5.4.7. Fitness & Wellness

5.4.8. Diabetes

5.4.9. Others

5.5. Global mHealth Market, By Stake Holder (USD Billion)

5.5.1. Application Players

5.5.2. Mobile Operators

5.5.3. Healthcare Providers

5.5.4. Others

CHAPTER 6. Global mHealth Market, By Geography

6.1. North America mHealth Market

6.1.1. North America mHealth Market, By Device (USD Billion)

6.1.2. North America mHealth Market, By Service (USD Billion)

6.1.3. North America mHealth Market, By mHealth Apps (USD Billion)

6.1.4. North America mHealth Market, By Application (USD Billion)

6.1.5. North America mHealth Market, By Stake Holder (USD Billion)

6.1.6. North America mHealth Market, By Country

   6.1.6.1. United States

   6.1.6.2. Canada

   6.1.6.3. Mexico

6.2. Europe mHealth Market

6.2.1. Europe mHealth Market, By Device (USD Billion)

6.2.2. Europe mHealth Market, By Service (USD Billion)

6.2.3. Europe mHealth Market, By mHealth Apps (USD Billion)

6.2.4. Europe mHealth Market, By Application (USD Billion)

6.2.5. Europe mHealth Market, By Stake Holder (USD Billion)

6.2.6. Europe mHealth Market, By Country

   6.2.6.1. United Kingdom

   6.2.6.2. France

   6.2.6.3. Germany

   6.2.6.4. Spain

   6.2.6.5. Netherlands

   6.2.6.6. Russia

   6.2.6.7. Rest of Europe

6.3. Asia-Pacific mHealth Market

6.3.1. Asia-Pacific mHealth Market, By Device (USD Billion)

6.3.2. Asia-Pacific mHealth Market, By Service (USD Billion)

6.3.3. Asia-Pacific mHealth Market, By mHealth Apps (USD Billion)

6.3.4. Asia-Pacific mHealth Market, By Application (USD Billion)

6.3.5. Asia-Pacific mHealth Market, By Stake Holder (USD Billion)

6.3.6. Asia-Pacific mHealth Market, By Country

   6.3.6.1. Japan

   6.3.6.2. China

   6.3.6.3. India

   6.3.6.4. Singapore

   6.3.6.5. Australia

   6.3.6.6. Rest of Asia-Pacific

6.4. Central & South America mHealth Market

6.4.1. Central & South America mHealth Market, By Device (USD Billion)

6.4.2. Central & South America mHealth Market, By Service (USD Billion)

6.4.3. Central & South America mHealth Market, By mHealth Apps (USD Billion)

6.4.4. Central & South America mHealth Market, By Application (USD Billion)

6.4.5. Central & South America mHealth Market, By Stake Holder (USD Billion)

6.4.6. Central & South America mHealth Market, By Country

   6.4.6.1. Brazil

   6.4.6.2. Argentina

   6.4.6.3. Rest of Central & South America

6.5. Middle East and Africa MHealth Market

6.5.1. Middle East and Africa mHealth Market, By Device (USD Billion)

6.5.2. Middle East and Africa mHealth Market, By Service (USD Billion)

6.5.3. Middle East and Africa mHealth Market, By mHealth Apps (USD Billion)

6.5.4. Middle East and Africa mHealth Market, By Application (USD Billion)

6.5.5. Middle East and Africa mHealth Market, By Stake Holder (USD Billion)

6.5.6. Middle East and Africa mHealth Market, By Region

   6.5.6.1. Saudi Arabia

   6.5.6.2. South Africa

   6.5.6.3. Israel

   6.5.6.4. Rest of Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. GlaxoSmithKline plc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Johnson & Johnson

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Apple Inc.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Novartis AG

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Proteus Digital Health, Inc.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. AstraZeneca

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Firstbeat Technologies Ltd.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Dexcom, Inc.

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. WellDoc, Inc.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Pear Therapeutics, Inc.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. Virta Health Corp

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Digital Therapeutics Alliance

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

7.13. Livongo Health

7.13.1. Business Overview

7.13.2. Product and Service Offering

7.13.3. Financial Overview

7.13.4. Strategic Developments

7.14. Philips Healthcare

7.14.1. Business Overview

7.14.2. Product and Service Offering

7.14.3. Financial Overview

7.14.4. Strategic Developments

7.15. Tactio Health Group

7.15.1. Business Overview

7.15.2. Product and Service Offering

7.15.3. Financial Overview

7.15.4. Strategic Developments

7.16. Omron Healthcare, Inc.

7.16.1. Business Overview

7.16.2. Product and Service Offering

7.16.3. Financial Overview

7.16.4. Strategic Developments

7.17. Abbreviation

Global mHealth Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024