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  • 13 August 2019 21:33

mHealth Market Garner US$ 152.2 Billion by 2026

The global mhealth market value is projected to garner around US$ 152.2 Billion by 2026 and expected to showcase 26.1% CAGR during the forecast period 2018 to 2026.

Mhealth can be stated as use of mobile phones and wireless technology in order to support and achieve healthcare objectives. Increasing mobile phones users across the globe, high internet penetration in developing countries, coupled with increasing government expenditure for development of healthcare infrastructure are some of the major factors expected to drive growth of the global mhealth market. In addition, increasing government initiatives in order to facilitate healthcare services, deployment of various services such as healthcare centers, providence of emergency toll-free number, mobile telemedicine, etc. are other factors expected to support the growth of the global market. Moreover, increasing adoption of smart wearable devices, ongoing trend of connected healthcare devices will positively impact the market growth to a certain extent.

However, lack of supporting infrastructure in developing countries is a major factor expected to limit the adoption of mhealth, hampering growth of the global market. In addition, lack of regulatory scenario is another factor expected to challenge the market growth.

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The markets in North America and Europe are expected to contribute significant revenue shares in the global mhealth market. This can be attributed to well-developed healthcare infrastructure and presence of major players operating in this region. In addition, growing merger and acquisition activities between regional and international players in order to increase the customer base is expected to further support the market growth in this region. The market in Asia Pacific is expected to witness faster growth, owing to high penetration of smart phones, increasing government initiatives pertaining to mhealth awareness, and presence of prominent players operating in emerging economies in this region. In addition, increasing government initiatives related to mhealth awareness and with the emergence of new entrants on regional level are expected to support the market growth in this region.

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. Most of these above mentioned players put emphasis on new services launch and technological expansion, mergers & acquisitions, and strategic partnership activities as part of their commercial expansion strategies. Organizations associated with mhealth market are constantly concentrating on research and development to cater best to the clients and facilitate best technology to healthcare sector.

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 U.S. Canada Mexico Europe UK Germany France Rest of Europe Asia-Pacific China Japan India Australia Rest of Asia-Pacific Latin America Brazil Chile Rest of Latin America Middle East and Africa (MEA) South Africa Saudi Arabia Rest of MEA

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