Global Mobile Health (mHealth) Market - Segmented by Type of Service, Device, Stake Holder, and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4520220
  • Report
  • Region: Global
  • 112 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • AT&T INC.
  • BAYER HEALTHCARE
  • CISCO SYSTEMS Inc.
  • JOHNSON & JOHNSON
  • MEDTRONIC
  • OMRON CORPORATION
  • MORE
The global mobile health (mHealth) market is expected to register a CAGR of over 25% during the forecast period, 2018 to 2023. The mhealth market is in the development stage and is projected to provide significant revenues in the future, with increasing awareness among people and favorable regulatory regulations specific to the quality and feasibility of the mobile-based medical devices.

Rise in Use of Smartphones and Tablets across the World

From tablets to wearables, the use of mobile devices has been increasing in the market, and healthcare providers are no exception. It has been observed that approximately 80% physicians use smartphones. The use of mobile devices by healthcare professionals has transformed many aspects of clinical practice. It has led to rapid growth in the development of medical software applications (apps) for these platforms. Mobile devices and apps provide many benefits for healthcare professionals, most-significantly, the increased access to point-of-care tools, shown to support better clinical decision-making and improved patient outcomes. In 2014, it was estimated that around 60% of smartphone owners had used their mobile phone to look up for information about a health condition. Approximately 40,000 mHealth apps are in use, globally, and in the coming years, many more health apps are expected to be introduced. Currently, mobile applications are being developed adhering to HIPAA-compliances. The apps developed adhering to HIPAA-compliances make private practices, hospitals, and other healthcare systems implement mobile devices without any major regulatory complications. Hence, the rise in mobile and tablet usage is driving the mobile health market.

Moreover, factors, such as increased awareness levels among the population about the potential benefits of healthcare management, increased need of point-of-care diagnosis and treatment, and increasing focus on personalized medicine and patient-centered approach, are driving the growth of the mobile health market.

Data Security Issues

Rapid technological advancements in mHealth research generate both opportunities and challenges, including creating scalable systems capable of collecting unprecedented amounts of data and conducting interventions, while protecting the privacy and safety of research participants. Most top data breaches in 2015 involved cybersecurity threats from third parties. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) compliance is still a key issue when it comes to mobile device security. Until security and privacy are assured, the use of apps by physicians continues to be limited, thereby hindering the market growth. Additionally, the stringent regulatory policies for mhealth applications are expected to restrain the market growth.

Asia-Pacific to Grow at Rapid Rate

North America dominates the market of mobile health as monitoring services are largely adopted in the region. Europe and Asia-Pacific follow North America, in terms of market shares. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period; this is due to the increase in awareness of diseases among the people and high penetration of mobile platforms in the Asia-Pacific region.

Key Developments in the Market
  • July 2017: Cisco acquired network security startup, Observable Networks.
  • June 2017: Johnson & Johnson acquired the Actelion.
Major Players: MEDTRONIC, PHILIPS HEALTHCARE, OMRON CORPORATION, JOHNSON & JOHNSON, QUALCOMM LIFE, AT&T INC., CISCO SYSTEMS, INC., BAYER HEALTHCARE, AND SAMSUNG HEALTHCARE SOLUTIONS, amongst others.

Reasons to Purchase this Report
  • Current and future mobile health market outlook in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)
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FEATURED COMPANIES

  • AT&T INC.
  • BAYER HEALTHCARE
  • CISCO SYSTEMS Inc.
  • JOHNSON & JOHNSON
  • MEDTRONIC
  • OMRON CORPORATION
  • MORE
1. Introduction
1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threats of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Rise in Use of Smartphones, Tablets, Across the Globe
6.1.2 Increased Awareness Levels among the Population about the Potential Benefits of Healthcare Management
6.1.3 Increasing Focus on Personalized Medicine and Patient-Centered Approach
6.1.4 Increased Need of Point of Care Diagnosis and Treatment
6.2 Market Restraints
6.2.1 Data Security Issues
6.2.2 Stringent Regulatory Policies for mHealth Applications
6.3 Opportunities
6.4 Key Challenges

7. Market Segmentation
7.1 Segmentation -by Service Type
7.1.1 Monitoring Services
7.1.1.1 Independent Aging Solutions
7.1.1.2 Chronic Disease Management
7.1.1.3 Post Acute Care Services
7.1.2 Diagnostic Services
7.1.2.1 Self Diagnosis Services
7.1.2.2 Telemedicine Solutions
7.1.2.3 Medical Call centers manned by Healthcare Professionals
7.1.3 Treatment Services
7.1.3.1 Remote Patient Monitoring Services
7.1.3.2 Teleconsultation
7.1.4 Wellness and Fitness Solutions
7.1.5 Other Services
7.2 Segmentation -by Device Type
7.2.1 Blood Glucose Monitors
7.2.2 Cardiac Monitors
7.2.3 Hemodynamic Monitors
7.2.4 Neurological Monitors
7.2.5 Respiratory Monitors
7.2.6 Body & Temperature Monitors
7.2.7 Remote Patient Monitoring Devices
7.2.8 Others
7.3 Segmentation -by Stake Holder
7.3.1 Mobile Operators
7.3.2 Healthcare Providers
7.3.3 Application/Content Players
7.3.4 Others
7.4 Segmentation - by Geography
7.4.1 North America
7.4.1.1 United States
7.4.1.2 Canada
7.4.1.3 Mexico
7.4.2 Europe
7.4.2.1 France
7.4.2.2 Germany
7.4.2.3 United Kingdom
7.4.2.4 Italy
7.4.2.5 Spain
7.4.2.6 Rest of Europe
7.4.3 Asia-Pacific
7.4.3.1 China
7.4.3.2 Japan
7.4.3.3 India
7.4.3.4 Australia & New Zealand
7.4.3.5 South Korea
7.4.3.6 Rest of Asia-Pacific
7.4.4 Middle East & Africa
7.4.4.1 GCC
7.4.4.2 South Africa
7.4.4.3 Rest of the Middle East & Africa
7.4.5 South America
7.4.5.1 Brazil
7.4.5.2 Argentina
7.4.5.3 Rest of South America

8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches

9. Key Players
9.1 Medtronic
9.2 Philips Healthcare
9.3 Omron Corporation
9.4 Johnson & Johnson
9.5 Qualcomm Life
9.6 AT&T Inc.
9.7 Cisco Systems, Inc.
9.8 Bayer Healthcare
9.9 Samsung Healthcare Solutions
9.10 Others

10. Future of the Market
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  • MEDTRONIC
  • PHILIPS HEALTHCARE
  • OMRON CORPORATION
  • JOHNSON & JOHNSON
  • QUALCOMM LIFE
  • AT&T INC.
  • CISCO SYSTEMS Inc.
  • BAYER HEALTHCARE
  • SAMSUNG HEALTHCARE SOLUTIONS.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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