According to the report, the global mHealth apps market was valued at approximately USD 8.0 billion in 2018 and is expected to generate around USD 111.1 billion by 2025, at a CAGR of around 38.26% between 2019 and 2025.
New York, NY, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “mHealth Apps Market by Type [Healthcare Application (Chronic Care Management Apps, Fitness & General Health Apps, Medication Management Apps, Personal Health Record Apps, Women’s Health Apps, and Others) and Medical Application (Continuing Medical Education Apps, Medical Reference Apps, Consulting & Communication Apps, and Patient Monitoring & Management Apps)]: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global mHealth apps market was valued at approximately USD 8.0 billion in 2018 and is expected to generate around USD 111.1 billion by 2025, at a CAGR of around 38.26% between 2019 and 2025.
mHealth or mobile health refers to the use of mobile devices for healthcare services. mHealth broadly comprises multimedia technologies and mobile telecommunication within wireless and mobile healthcare delivery systems. mHealth apps are programs installed on mobile devices, such as smartphones, tablets etc. mHealth apps can be used for general health and fitness tracking, remote patient monitoring, consultations, disease management etc.
Browse through 105 Tables & 25 Figures spread over 110 Pages and in-depth TOC on “Global mHealth Apps Market: By Type, Size, Share, Technology, Industry Segments, Analysis Report and Forecast, 2018—2025”.
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The pharmaceutical and medical device industry has grown rapidly in recent years, owing to the growing prevalence of various disorders, such as diabetes, obesity, hypertension, and cancer globally. The disease burden is increasing along with the growing awareness about various diseases among patients. Globally, smartphones and other mobile devices have gained huge popularity. mHealth apps offer patient-centric care. The growing adoption of mHealth apps for tracking health and vital signs is likely to drive the mHealth apps market in the years ahead. Additionally, the increasing penetration of mobile devices, such as tablets, smartphones, other personal digital assistants (PDAs), and wireless network devices are anticipated to further boost the mHealth apps market in the future. mHealth apps allow remote patient monitoring, prevention and treatment services, consultation, patient record keeping, etc. These advantages of mHealth apps are projected to popularize the mHealth apps market among the patients and medical professionals in the upcoming years.
The global mHealth apps market is segmented based on type and region. Based on the type, the market is segmented into healthcare apps and medical apps. Healthcare apps segment held the largest market share in 2017. Healthcare applications include chronic care management apps, medication management apps, general health and fitness applications, personal health record (PHR) apps, women’s health apps, and others (dermatological treatment, sleep monitoring, and emergency response (vital tracking)). General health and fitness apps include weight and obesity management apps, health-tracking apps, and fitness and nutrition apps. Chronic care management apps include diabetes management apps, behavioral disorder, and mental health management apps, cancer therapy management apps, blood pressure & ECG monitoring apps, and others (kidney disorders, respiratory diseases, and infections management apps). Women’s health apps are further classified into fertility apps, breastfeeding apps, pregnancy apps, and others (apps for sleep, activity, and stress level tracking). Medical apps are made for medical professionals and are classified into continuing medical education apps, consulting and communication apps, medical reference apps, and patient management & monitoring apps.
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North America accounted for about 40% share of the global mHealth apps market in 2017 and was the largest market in terms of revenue share. This can be due to the increasing adoption of mHealth apps for tracking health parameters and government focus to cut healthcare costs. The presence of advanced healthcare systems in Canada and the U.S., an increasing number of chronic disorders, such diabetes, cardiovascular disorders, cancer, respiratory diseases, etc., and growing health awareness among the population are major factors likely to drive this regional market in the years ahead. North America is estimated to maintain its leading position in the future. At the country level, the U.S. held the leading share in the North American mHealth apps market apart from being the largest market in the global mHealth Apps market. This can be attributed to the presence of advanced healthcare infrastructure in the U.S. and growing adoption of mHealth apps.
Europe is the second largest regional mHealth apps market, owing to the Increasing penetration of mobile devices, growing adoption of mHealth apps for tracking vital signs, developed healthcare infrastructure, and high focus on precision/personalized medicine production. At the country level, Germany dominated the European mHealth apps market in 2017 and held the largest revenue share, i.e., about 30%. UK is expected to register the highest CAGR over the forecast time period.
Browse the full “mHealth Apps Market by Type [Healthcare Application (Chronic Care Management Apps, Fitness & General Health Apps, Medication Management Apps, Personal Health Record Apps, Women’s Health Apps, and Others) and Medical Application (Continuing Medical Education Apps, Medical Reference Apps, Consulting & Communication Apps, and Patient Monitoring & Management Apps)]: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/mhealth-apps-market
The Asia Pacific mHealth apps market is likely to register the highest CAGR over the forecast period, owing to a high prevalence of chronic diseases and a large population base. Additionally, the need to reduce healthcare costs, increased healthcare expenditure and disposable income, rising lifestyle-related disorders, such as diabetes, cardiovascular diseases, arthritis, etc., and growing awareness about health disorders are projected to fuel the region’s mHealth apps market in the future.
The Middle Eastern and African mHealth apps market is expected to exhibit slow growth over the forecast time period, owing to the lack of advanced healthcare amenities and low awareness pertaining to health. Latin America is anticipated to register moderate growth in the mHealth apps market in the future, owing to the increasing penetration of smartphones and the rising adoption of wearable devices across the region.
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Some key players of the global mHealth Apps market include Johnson & Johnson, Abbott Laboratories, AstraZeneca, Novartis AG, F. Hoffmann-La Roche AG, Bristol-Myers Squibb Company, Merck and Co., Inc., Pfizer, GlaxoSmithKline plc, and Sanofi, among others.
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This report segments the global mHealth apps market into:
Global mHealth Apps Market: By Type
- Healthcare Apps
- General Health and Fitness Apps
- Health Tracking Apps
- Obesity and Weight Management Apps
- Fitness and Nutrition Apps
- Chronic Care Management Apps
- Mental Health and Behavioral Disorder Management Apps
- Diabetes Management Apps
- Blood Pressure and ECG Monitoring Apps
- Cancer Therapy Management Apps
- Others (Respiratory diseases, kidney disorders, and infections management apps)
- Medication Management Apps
- Women’s Health Apps
- Pregnancy Apps
- Fertility Apps
- Breastfeeding Apps
- Personal Health Record Apps
- General Health and Fitness Apps
- Medical Apps
- Medical Reference Apps
- Continuing Medical Education Apps
- Patient Management and Monitoring Apps
- Communication and Consulting Apps
Global mHealth Apps Market: By Region
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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