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  • 19 July 2019 15:20

mHealth Market Size, Share, Trends and Forecast 2018 - 2026

According to Acumen Research & Consulting, The global mhealth market is project worth $152.2 Billion in 2026 and the market is projected to showcase 26.1% CAGR during the forecast period.

The global mhealth marketis project worth $152.2 Billion in 2026 and the market is projected to showcase 26.1% CAGR during the forecast period.

Introduction

mHealth (mobile health) is a general term for the use of mobile phones and other wireless technology in medical care. The most common application of mHealth is the use of mobile devices to educate consumers about preventive healthcare services. However, mHealth is also used for disease surveillance, treatment support, epidemic outbreak tracking and chronic disease management.

mHealth is already being used to monitor a variety of conditions including heart disease, diabetes, autism, insomnia and asthma. Researchers are also beginning to investigate the potential of mHealth. A UK-based study recently looked into the effectiveness of mobile technology interventions in people with HIV. The study found that even a simple text message increased the person’s adherence to ART medication. The same process was also found to be beneficial in assisting people to stop smoking.

Mobile health (mHealth) is especially important in remote areas where doctors and nurses may not be present to provide treatment. Doctors and nurses working in these remote areas rely on mHealth for timely information on handling diseases, and can also obtain actionable health information to pass on to others near them. This technology also speeds training and education relative to health issues to medical students and interns working in remote communities.

Market Insights: Insurance companies market is expected to reach USD 36,883.9 million by 2025. Increased data processing power and improved communication methods are enabling insurance companies to lower cost and identify potential clients. Furthermore, mHealth technology reduce administrative costs of health insurers, making policy renewals easier, that will further propel business growth.

North America is projected to be the second fastest-developing market for mhealth. Augmented incidence of chronic diseases and incidence of a huge target population base are the key parameter increasing demand for mhealth in the region. Asia Pacific region is anticipated to capture high CAGR during the forecast period.

China market is estimated to expand with 39.8% CAGR over the forecast timeframe owing to increasing prevalence of chronic diseases as well as substantial number of elderly people suffering from enfeebling condition. Mature telecommunications infrastructure and growing adoption of mobile apps for availing healthcare solutions will stimulate China mHealth market over the coming years.

Market Segmentation

Market By Services: Connected Sensors,Inhaler Sensors,Injection Sensors,Integrated Connected Devices,Integrated Inhaler,Integrated Injection

Market By Technology:Bluetooth,NFC,Other Technologies (Cellular, Low Power Wide Area Network)

Market By Participants: Healthcare Providers,Homecare Centers

Market By Geography: North America,Europe,Rest of Europe,Asia-Pacific,Rest of Asia-Pacific ,Rest of Latin America,Middle East and Africa (MEA),Rest of MEA

Market Participants

The major players associated with the mhealth market are Vodafone Group, AllScripts Healthcare Solutions, Apple Inc., AirStrip Technologies, Qualcomm Inc., mQure, Softserve, Telefonica, Orange, Google Inc., Samsung Electronics, and AT&T.

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