Global mHealth solutions market was valued at USD 49.8 billion in 2019, which is expected to reach USD 214.6 billion by 2027 at a 32.6% CAGR.
The report on the mHealth Solutions Market, as found on Qualiket Research website, is in- depth analysis of the market dynamics which are impacting both present market as well as the upcoming. The market dynamics are anticipated to provide lasting impression on the holistic growth of the target market. This report has been analyzed well by adept market reviewers through the immense knowledge and the expertise in the subject. The analysis would bring along factors & figures to track the market would take over the forecast period of 2021-2027.
mHealth solution is defined as technology which is utilized in providing healthcare services and solutions by using smart devices and smart phones. mHealth solution technology is used to collect patient data, and their patient history. The mHealth solution is the mobile version which provides secure and convenient access health information on mobile device or tablet. mHealth solutions provides various services such as Monitoring Services, Diagnosis Services, Healthcare Systems Strengthening Services, and Others.
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Increase in penetration of tablets, smartphones, and other mobile platforms is expected to boost the global mHealth solution market. Furthermore, rise in usage of connected devices and mHealth apps for chronic disease management is expected to propel global mHealth solution market growth. Moreover, increase in penetration of 3G and 4G networks for uninterrupted healthcare services is expected to fuel the global mHealth solution market growth. In addition to that, rise in demand for home healthcare services will have the positive impact on global mHealth solution market growth. Additionally, rise in focus on patient-focused and individual specific healthcare provisions is expected to grow the global m-Health solution market, over the forecast period.
However, lack of standards and regulations as well as paucity of reimbursement is expected to hamper the global mHealth solution market growth. Also, limited guidance from physicians in selecting apps will affect the global mHealth solutions market growth. Moreover, resistance from traditional healthcare providers is expected to hinder the global mHealth solutions market growth.
Global mHealth Solutions Market is segmented into components such as Wearables (BP Monitors, Activity Trackers, Neurological Monitors, Sleep Apnea Monitors, Pulse Oximeters, and Glucose Meters), and mHealth Apps (Women’s Health, Remote Monitoring Apps, Diagnostic Apps, Chronic Disease Management Apps, Medication Management Apps, Personal Health Record App), by services such as Monitoring Services, Diagnosis Services, Healthcare Systems Strengthening Services, and Others.
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Also, Global mHealth Solutions Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market report has been accumulated with the assistance of many primary (interviews, surveysobservations,) and secondary (journals, industrial databases,) sources to distinguish and gather proper information for this broadcommercial, market-oriented, and technical estimation. Porter’s Five Force Model has been implementedto determinethe market assessment precisely and to verify the several strengths, and weaknesses, along with opportunities, and threats (SWOT analysis), and multiple quantitative and qualitative study related with the market.
Market Key Players
Various key players are discussed in this report such as
- Medtronic Plc,
- Koninklijke Phillips N.V,
- Omron Healthcare Co, Ltd,
- Johnson & Johnson,
- Cerner Corporation,
- Bio Telemetry, Inc,
- Apple Inc,
- Withings S. A,
- AirStrip Technologies,
- iHealth Lab. Inc, and
- AT & T.
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