mHealth Apps Market Size 2021 | Is Projected to Reach USD 57.57 billion and Exhibit a CAGR of 21.1% by 2026
Top Players Covered in the mHealth Apps Market Research Report Are Fitbit, Inc., Apple Inc., Jawbone Health Hub, Inc., Omada Health, Inc., Livongo Health, Boston Scientific, Corporation, Omron Healthcare, Inc., Abbott and other key market players.
Pune, India, April 21, 2021 (GLOBE NEWSWIRE) -- The global mHealth apps market size is projected to reach USD 57.57 billion by 2026. Driven by the increasing number of novel product launches, the market will witness an impressive growth rate in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 11.17 billion in 2018 and will exhibit a CAGR of 21.1% during the forecast period, 2019-2026.
mHealth app is a mobile-based application that studies and examines data that is gathered through sensor-integrated devices. These devices are normally mounted or connected to the human body. They are capable of tracking pulses and heart beats. mHealth apps can help keep track of body conditions such as respiratory tracts, blood pressure levels, and heart rates. As mHealth apps are capable of notifying of unstable conditions and help avoid severe diseases, thereby saving costs associated with further treatment costs. The use of advanced concepts such as AI and data learning helps track conditions. The increasing applications will have a positive impact on the growth of the market in the coming years.
Some of the leading companies that are operating in the global mHealth apps market are:
Fitbit, Inc.
Apple Inc.
Jawbone Health Hub, Inc.
Omada Health, Inc.
Livongo Health
Boston Scientific Corporation
Omron Healthcare, Inc.
Abbott
Others
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Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
Increasing Number of Product Launches Will Constitute an Increase in Market Size
The report encompasses several factors that have contributed to the growth of the mHealth Apps market in recent years. Among all factors, the increasing number of product launches have had the highest impact on market growth. In August 2019, the Department of Veterans Affairs announced the launch of a novel mHealth app. The product was introduced with the aim of helping veterans and providing them with affordable services. This product will encourage other companies as well as public and private organizations alike. Driven by the increasing demand, the market is set to witness significant growth rate in the coming years.
Click here to get the short-term and long-term impacts of COVID-19 on this Market.
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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Europe Holds a Dominant Market Share; Increasing Smartphone Penetration to Aid Growth
The mHealth Apps market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, Europe held a dominant market share in 2018, accounting to the increasing smartphone penetration in several countries across this region. Contribution from government as well as private organizations will contribute to the growth of the market in this region. Besides Europe, North America will witness considerable growth rate in the coming years, driven by the presence of several large scale companies. As of 2018, the market in North America was worth USD 3.35 billion and this value is likely to increase further in the coming years.
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The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Pharmaceuticals market and discusses how major companies are coping with this.
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Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Statistics on Smartphone Penetration Rate for Key Countries
Data Pertaining to Healthcare Expenditure for Key Countries
New Product Launches
Overview on Technological Advancements Pertaining to mHealth Apps
Key Merger and Acquisition Strategies by Top Players
Industry Background of mHealth
Global mHealth Apps Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By App Type
Disease and Treatment management
Healthcare Providers/Insurance
Medication Reminders
Women Health and Pregnancy
Disease Specific
Wellness management
Fitness
Lifestyle and stress
Diet and Nutrition
Others
Market Analysis, Insights and Forecast – By Application
Monitoring Services
Fitness Solutions
Diagnostic Services
Treatment Services
Other
Market Analysis, Insights and Forecast – By Operating System Type
Google Play Store
Apple App Store
Others
Market Analysis, Insights and Forecast – By Regions
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America mHealth Apps Industry Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By App Type
Disease and Treatment management
Healthcare Providers/Insurance
Medication Reminders
Women Health and Pregnancy
Disease Specific
Wellness management
Fitness
Lifestyle and stress
Diet and Nutrition
Others
Market Analysis – By Application
Monitoring Services
Fitness Solutions
Diagnostic Services
Treatment Services
Other
Market Analysis – By Operating System Type
Google Play Store
Apple App Store
Others
Market Analysis – By Country
U.S.
Canada
Europe mHealth Apps Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By App Type
Disease and Treatment management
Healthcare Providers/Insurance
Medication Reminders
Women Health and Pregnancy
Disease Specific
Wellness management
Fitness
Lifestyle and stress
Diet and Nutrition
Others
Market Analysis – By Application
Monitoring Services
Fitness Solutions
Diagnostic Services
Treatment Services
Other
Market Analysis – By Operating System Type
Google Play Store
Apple App Store
Others
Market Analysis – By Country/ Sub Region
U.K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Asia Pacific mHealth Apps Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By App Type
Disease and Treatment management
Healthcare Providers/Insurance
Medication Reminders
Women Health and Pregnancy
Disease Specific
Wellness management
Fitness
Lifestyle and stress
Diet and Nutrition
Others
Market Analysis – By Application
Monitoring Services
Fitness Solutions
Diagnostic Services
Treatment Services
Other
Market Analysis – By Operating System Type
Google Play Store
Apple App Store
Others
Market Analysis – By Country/ Sub Region
Japan
China
India
Australia
Southeast Asia
Rest of Asia Pacific
Continued...
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