mHealth Apps Market Size 2021 | Is Projected to Reach USD 57.57 billion and Exhibit a CAGR of 21.1% by 2026
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
- Disease and Treatment management
- 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
- Disease and Treatment management
- 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
- Disease and Treatment management
- 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
- Disease and Treatment management
- 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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