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Mobile Medical Apps - Global Strategic Business Report

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    Report

  • 573 Pages
  • September 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3502821

Quick Summary:

In an ever-evolving digital health landscape, the global Mobile Medical Apps market stands to play an indispensable role. This booming market, initially valued at US$6.6 Billion is projected to skyrocket to an impressive US$42.5 Billion by 2030, propelled by increased demand for medical monitoring and fitness tracking. Staying apprised of these market dynamics is critical to making informed business decisions, strategically positioning your company within this robust sector.

Our comprehensive report offers coveted insights into the prominent geographical markets—US, China, Japan, Canada, and more—and key competitors such as Abbott Laboratories, Allscripts Healthcare Solutions, and Novartis AG. We provide in-depth coverage of crucial factors shaping and aftershocks of the pandemic. For a clear, accurate, and up-to-date understanding of this lucrative market, purchasing this research report is not just an option—it's a necessity.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US$6 trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Mobile Medical Apps Market to Reach $42.5 Billion by 2030

The global market for Mobile Medical Apps estimated at US$6.6 Billion in the year 2022, is projected to reach a revised size of US$42.5 Billion by 2030, growing at a CAGR of 26.1% over the analysis period 2022-2030. Medical Monitoring, one of the segments analyzed in the report, is projected to record 25.5% CAGR and reach US$10.2 Billion by the end of the analysis period. Growth in the Nutrition & Fitness segment is estimated at 29.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 31.1% CAGR

The Mobile Medical Apps market in the U.S. is estimated at US$2.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 31.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.9% and 25% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 23.8% CAGR.

Select Competitors (Total 92 Featured)

  • Cisco Systems, Inc.
  • Apple, Inc.
  • Abbott Laboratories, Inc.
  • AT&T, Inc.
  • Bristol-Myers Squibb Company
  • Boston Scientific Corporation
  • BlackBerry Ltd.
  • Allscripts Healthcare Solutions, Inc.
  • Airstrip Technologies, Inc.
  • AgaMatrix, Inc.
  • Aetna, Inc.
  • AdvancedMD, Inc.
  • AliveCor, Inc.
  • ClickMedix LLC
  • BioTelemetry, Inc.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Mobile Health Apps Gain Interest Amid the Pandemic
  • List of COVID-19 Contact Tracing Apps
  • MHealth Investments Record Strong Growth in 2020 1H
  • Leading Digital Health Categories by Funding: 1H2020
  • Fitness App Downloads Grow
  • Growth in Health and Fitness app Downloads: March 2020 Vs January 2020
  • Leading Health and Fitness Apps* Worldwide by Number of Downloads : June 2020
  • Rise in Apps Developed for Contact Tracing
  • Mobile Medical Apps - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
  • Mobile Health Transforms Healthcare Industry
  • Mobile App Development Trends in Healthcare
  • Outlook
  • Apps Find Favor Among Medical Professionals
  • Developing Countries to Lead Growth in Future
  • Reference Apps Bring in Digital Revolution in Healthcare Sector
  • Barriers to Adoption of Mobile Medical Apps
  • Concerns over Security & Compliance
  • Patient Information Security: A Major Constraint
  • Medical Apps Lack Clinical Involvement
  • Potential Risk of Medical Apps in Clinical Settings
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Integration of AI in Mobile Health Apps
  • Optimizing Blockchain Technology to Deliver Efficient Health Care
  • Blockchain Technology Adoption Worldwide (2019) - Percentage Breakdown of Number of Use Cases of Non-Bitcoin Blockchain Solutions
  • Prominence of Big Data in Mobile Health Applications
  • Impact of Internet of Things (IoT) on the Mobile Health Care Industry
  • Eminence of Cloud-based apps in the Mobile Health Care Industry
  • AR\VR Technology to Play a Significant Role
  • Apps Favored over Mobile Websites
  • Growing Role of Telemedicine
  • Video Consultation Apps on Rise
  • Inclination of Young Consumers Towards Digital Health Technology: Opportunity in Store
  • Fitness Apps Gain Interest Amid Growing Health Consciousness
  • Rising Healthcare Costs Drive Significance of Mobile Medical Apps
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Chronic Diseases Management and Associated Costs Drive Medical Apps Adoption
  • Chronic Disease Management in Developed Countries (2019): Percentage Distribution of Patient Population by Chronic Disease Type in the US, Germany, and UK
  • Emphasis on Remote Patient Monitoring Bodes Well for Mobile Medical Apps Market
  • mHealth Market by Service Category: 2020
  • Ballooning Global Population Offers Significant Growth Opportunities
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Shortage of Medical Professionals: Mobile Medical Apps Come to the Rescue
  • Physician Density Per 1000 Population in Select Countries (2017)
  • Smartphone Penetration & Declining Price of Connected Devices Drive Adoption of Health and Fitness Apps
  • Global Market for Smartphones in Billions: 2016-2021E
  • Percentage of Time Spent on Mobile Apps by Category for 2020
  • Increasing Ownership of Mobile Devices among Medical Professionals - A Business Case for Mobile Apps Market
  • Percentage of Physician Usage of Phones for Professional Purposes (2015-2020)
  • Expanding 5G Connectivity to Drive Adoption of Mobile Medical Apps
  • 5G Smartphone Sales in Million Units: 2019-2022
  • Global Smartphone Subscription Breakdown by Technology: 2019 and 2025
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Mobile Medical Apps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Mobile Medical Apps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 3: World 15-Year Perspective for Mobile Medical Apps by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Medical Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Medical Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 6: World 15-Year Perspective for Medical Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Nutrition & Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Nutrition & Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 9: World 15-Year Perspective for Nutrition & Fitness by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Medical Reference by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Medical Reference by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 12: World 15-Year Perspective for Medical Reference by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Diagnostic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Diagnostic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 15: World 15-Year Perspective for Diagnostic by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Treatment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Treatment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 18: World 15-Year Perspective for Treatment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 21: World 15-Year Perspective for Other Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Patients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Patients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 24: World 15-Year Perspective for Patients by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Healthcare Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Healthcare Providers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 27: World 15-Year Perspective for Healthcare Providers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2023 & 2030
  • TABLE 28: World Mobile Medical Apps Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Overview
  • Healthcare Facilities Turn to Mobile Technologies to Reduce Costs
  • Mounting Healthcare Expenditure Drives the Need for Mobile Healthcare
  • US Healthcare Spending (2006-2020) (in US$ Trillion)
  • Growth in Use of Smartphones and Tablets among Physicians Implies Improved Growth Opportunities for Mobile Medical Apps
  • Percentage Use of Smartphones by Physicians for Professional Purposes by Age
  • Ranked Tasks of Healthcare Professionals on Smartphones and Tablets
  • Market Analytics
  • CANADA
  • JAPAN
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Market Overview
  • Leading Medical Apps by Monthly Active Users in Million in China: January 2020
  • Healthcare Spending In China: A Review
  • Healthcare Expenditure in China as a % of GDP (2016-2020)
  • Market Analytics
  • EUROPE
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Mobile Medical Apps Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories
  • AliveCor
  • Allscripts Healthcare Solutions
  • AstraZeneca PLC
  • Athena Health
  • Azumio
  • Boston Scientific Corporation
  • Bristol-Myers Squibb Company
  • CoheroHealth, LLC
  • DarioHealth
  • F. Hoffmann-La Roche AG
  • Fitbit, Inc
  • GlaxoSmithKline plc
  • Health Arx Technologies Pvt Ltd
  • Johnson and Johnson
  • Medtronic Plc
  • Merck and Co., Inc
  • MetaOptima Technology Inc
  • Novartis AG
  • NuvoAir AB
  • Pfizer, Inc
  • Sanofi S.A
  • SkinVision BV
  • WebMD Health