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Mobile Health (mHealth) Market - Growth, Trends, and Forecasts (2020-2025)

  • ID: 4520220
  • Report
  • May 2020
  • Region: Global
  • 112 pages
  • Mordor Intelligence

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FEATURED COMPANIES

  • AT&T Inc.
  • Bayer AG
  • Cisco Systems, Inc.
  • Johnson & Johnson
  • Koninklijke Philips N.V.
  • Medtronic PLC
  • MORE
The use of mobile devices by healthcare professionals has transformed many aspects of clinical practice. It has led to the 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. Moreover, factors, such as the increased awareness levels among the population about the potential benefits of healthcare management, increased need for 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. 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. Additionally, the stringent regulatory scenario for mHealth applications is expected to restrain market growth.

Key Market Trends

Remote Patient Monitoring Services are Expected to Show Better Growth in the Forecast Period

Global m-health by device type is segmented into blood glucose monitors, cardiac monitors, hemodynamic monitors, neurological monitors, respiratory monitors, body and temperature monitors, remote patient monitoring devices, and others. Remote patient monitoring devices have the highest share as it allows the monitoring and remote treatment of chronic conditions. Also, the development of various innovative system is helping in securely monitoring and reporting patient information in real-time circumstances. For instance, GoTelecare’s Remote Patient Monitoring (RPM) system sends instant alerts if there is a change in abnormality in the vital signs and helps timely intervention by the physician, and prevents further deterioration of patient health. Furthermore, owing to the rising geriatric population. there is shifting focus towards more ho care particularly in the developed markets and increasing concern for the constant monitoring of health parameters of old patients is also expected to drive the growth of the overall market.

Asia-Pacific is Expected to have High Growth Opportunities in Mobile-Health (m-Health) Market

The Asia-Pacific region is expected to witness the highest growth rate during the forecast period. This is due to the increased awareness of diseases among the people and the high penetration of mobile platforms in the Asia-Pacific region. Several Asian countries are also adopting digital health strategies for managing healthcare delivery. For instance, in 2015, the Japanese health and life insurance giant, Japan Post offered mobile health devices to elderly citizens. Through this initiative, Japan Post is expected to gather more data about its customers, which thereby, can help in improving their overall well-being.

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.

Competitive Landscape

The mobile-health (m-Health) market is at a growing stage. Market players are focusing on new product launches, such as basic cardiology and blood glucose monitors. Moreover, smartwatches, health monitors, pedometers and activity trackers are some of the trendy wearable devices launched by several companies. Furthermore, companies are focusing on industry collaborations, mergers, acquisitions, and partnerships in order to enhance their presence in the mHealth market. For instance, in July 2017, Cisco acquired the network security startup, Observable Networks and in June 2017, Johnson & Johnson acquired Actelion.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AT&T Inc.
  • Bayer AG
  • Cisco Systems, Inc.
  • Johnson & Johnson
  • Koninklijke Philips N.V.
  • Medtronic PLC
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Use of Smartphones, Tablets, Across the Globe
4.2.2 Increasing Focus on Personalized Medicine and Patient-Centered Approach
4.2.3 Increased Need of Point of Care Diagnosis and Treatment
4.3 Market Restraints
4.3.1 Data Security Issues
4.3.2 Stringent Regulatory Scenario for mHealth Applications
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Service Type
5.1.1 Monitoring Services
5.1.1.1 Independent Aging Solutions
5.1.1.2 Chronic Disease Management
5.1.1.3 Post Acute Care Services
5.1.2 Diagnostic Services
5.1.2.1 Self Diagnosis Services
5.1.2.2 Telemedicine Solutions
5.1.2.3 Medical Call centers manned by Healthcare Professionals
5.1.3 Treatment Services
5.1.3.1 Remote Patient Monitoring Services
5.1.3.2 Teleconsultation
5.1.4 Wellness and Fitness Solutions
5.1.5 Other Services
5.2 By Device Type
5.2.1 Blood Glucose Monitors
5.2.2 Cardiac Monitors
5.2.3 Hemodynamic Monitors
5.2.4 Neurological Monitors
5.2.5 Respiratory Monitors
5.2.6 Body and Temperature Monitors
5.2.7 Remote Patient Monitoring Devices
5.2.8 Other Device Types
5.3 By Stake Holder
5.3.1 Mobile Operators
5.3.2 Healthcare Providers
5.3.3 Application/Content Players
5.3.4 Other Stake Holders
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East & Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East & Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Koninklijke Philips N.V.
6.1.3 Omron Corporation
6.1.4 Johnson & Johnson
6.1.5 Capsule Technologies, Inc.
6.1.6 AT&T Inc.
6.1.7 Cisco Systems, Inc.
6.1.8 Bayer AG
6.1.9 Samsung

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

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  • Medtronic PLC
  • Koninklijke Philips N.V.
  • Omron Corporation
  • Johnson & Johnson
  • Capsule Technologies, Inc.
  • AT&T Inc.
  • Cisco Systems, Inc.
  • Bayer AG
  • Samsung
Note: Product cover images may vary from those shown

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