The report "Global mHealth Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024", published by 360iResearch, states that the global market was valued at USD 25.79 billion in 2017 and is projected to reach USD 150.79 billion by 2024, growing at a CAGR of 28.70% from 2017 to 2024.
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The major forces driving the growth of the mhealth market include the increasing use of mobile and smart devices for delivering healthcare service and mobile technologies for mobile health communication. Moreover, government initiatives and regulatory mandates technological advancements bought by active collaboration activity and prevalence of of diabetes, cardiovascular and other chronic diseases are also some of the factors that are driving the market growth. However lack of reliable local infrastructure in developing economies, and lack of skilled medical staff and inadequate health literacy may hinder the market growth. In the middle of difficulty lies opportunity such as the assessing mhealth and future health needs in developing countries, and adoption of mhealth products by small and mid-size healthcare centers. The possible challenges for the market growth are economic evaluation of mhealth services, and privacy and security concerns. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on product, the global mhealth market is studied across Connected Medical Devices, Mobile Health Apps, and Mobile Health Services. Based on end user, the global mhealth market is studied across Healthcare Patients, Healthcare Payers, and Healthcare Providers. Based on geography, the global mhealth market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the mhealth market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AgaMatrix, AirStrip Technologies, Alivecor, Apple, Inc., Bayer HealthCare Pharmaceuticals LLC, BioTelemetry, Inc., Cerner Corporation, Johnson & Johnson, Koninklijke Philips N.V., LifeWatch AG, Medtronic PLC, Nokia Corporation, OMRON Healthcare Group, athenahealth, Inc., and iHealth Lab, Inc..
360iResearch LLP, headquartered in Pune, India, is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as Aerospace & Defense, Agriculture, Automotive & Transportation, Chemicals & Advanced Material, Food & Beverage, Healthcare & Life Sciences, Information Technology, and Packaging.
Miss. Shikha Sachan
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