The global mHealth Apps Market Size is expected to grow at a CAGR of 18.4 percent from USD 30,160 million in 2019 to USD 101,550 million by 2026, up from USD 30,160 million in 2019. Patients can control their health routine with the use of mHealth applications, which provide regular medication reminders. During the projection period, such benefits connected with health applications will fuel market expansion.
The use of mobile phones and other wireless technology in medical treatment is referred to as mHealth (mobile health). The use of mobile devices to educate customers about preventative healthcare services is the most popular application of mHealth.
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The practice of utilizing smartphones to monitor one’s health is known as mHealth. It is expected that mobile applications will improve treatment outcomes and lifestyle while reducing the occurrence of chronic diseases.
mHealth apps have a variety of functions for keeping track of health information. The mHealth market size is predicted to develop due to the increased usage of mHealth applications due to their benefits in improving patient lifestyles and thereby preventing the occurrence of chronic diseases. Furthermore, the current COVID-19 outbreak has boosted the use of mobile health apps even further.
The adoption of current technology in mHealth apps is projected to drive the market’s growth. Other cutting-edge improvements are being developed by countries to increase the usefulness of mobile health apps.
However, worries over data privacy and security may limit the scale of the mHealth Apps market. In order to increase compliance, several governments are imposing tight limits on mHealth app market participants, which is projected to change market dynamics in the next years.
During the projection period, the disease management segment is expected to increase substantially
The rapid pace of expansion can be ascribed to the worldwide rise in chronic disease prevalence. Technological advancements in health apps, which minimize interaction barriers between patients and doctors, are another key driver driving market expansion.
Android has witnessed great growth in terms of health apps.
Because of the growing number of mHealth app companies investing in the Android platform, Android is expected to retain a dominant share over the forecast period.
During the projected period, North America is expected to have the greatest mHealth Apps market share
Various reasons are driving North America’s market expansion, including rapid rise in smartphone usage, changes in coverage networks, an increase in the frequency of chronic conditions, and an increase in the senior population. Furthermore, as the demand for health and analytical solutions grows, healthcare providers and others are more accepting of such applications. Demand for mobile health platforms is increasing as the number of chronic illnesses requiring remote monitoring and treatment grows.
mHealth Apps Market Segments
mHealth Apps Market by Type
• Lifestyle Management
• Nutrition & Diet
• Women’s Health
• Medication Adherence
• Healthcare Providers/Payers
• Disease Management
mHealth Apps Market by Application
Leading as well as prominent companies in the worldwide mHealth Apps market are extensively evaluated on the basis of key aspects in the report’s competitive analysis section. The study provides a detailed analysis and precise revenue information for the player from 2016 to 2021. It also includes a detailed analysis based on credible data on price and revenue (at the global level) by player for the years 2016-2021.
Major Players in the mHealth Apps Market
● Abbott Laboratories
● Johnson and Johnson
● AstraZeneca PLC
● F. Hoffmann-La Roche Ltd
● Novartis AG
● Bristol-Myers Squibb Company
● GlaxoSmithKline plc
● Merck and Co Inc
● Pfizer Inc
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