mHealth stands for mobile health, which means the practice of medicine and public health aid by mobile devices and other wireless infrastructure. mHealth solutions refer to the technology utilized for providing healthcare services. It includes consultations through smartphones, patient data collection, and helping healthcare providers to work systematically and effectively. mHealth allows to educate the consumers, provides remote monitoring, diagnostic and treatment support, and other services. The data can be managed, stored, and assessed through the device itself.
MARKET SCOPE
The "Global mHealth Solutions Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mhealth solutions market with detailed market segmentation by connected devices, application, services and geography. The report provides key statistics on the market status of the leading mhealth solutions market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on connected devices, the global mhealth solutions market is segmented into glucose and blood pressure monitor, peak flow meter, pulse oximeter, neurological monitors, and other connected medical devices.
-On the basis of application, the market is bifurcated into weight loss, women health, diabetes management, mental health,chronic disease management apps, diagnostic apps, and others.
-On the basis of services, the market is bifurcated into remote monitoring, consultation, diagnosis services, treatment services, fitness & wellness services, and prevention services.
MARKET DYNAMICS
Drivers
-The growing prevalence of lifestyle disorders, chronic diseases, growing penetration of tablet, smartphone users, internet connectivity, and increasing demand for healthcare information systems are the factors driving the growth of the mHealth solutions market.
-The growing demand for remote patient monitoring services, the robust influence of 3G and 4G networks for flowing healthcare services are estimated to boost the market growth in the future.
-Growing usage of connected devices, cost efficiency in healthcare delivery, growing concentration on patient-centric healthcare delivery, supportive government initiatives, and increasing funding for the mHealth startups propel the growth of the mHealth solutions market.
-Advanced healthcare IT infrastructure in developing countries, increasing investments in digital health sectors, and the launch of innovative technologies are the factors favoring the market growth.
Restraints
-Lack of favorable reimbursement policies and standardization.
-Limited integration with mHealth solutions among physicians.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mhealth solutions market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mhealth solutions market in these regions.
IMPACT OF COVID-19 ON mHEALTH SOLUTIONS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns and business shutdowns. mhealth had been used for various aims such as early detection, fast screening, patient monitoring, and mobile telemedicine during the COVID-19 outbreak. The applications were often used along with wearables and portable screening devices during the coronavirus pandemics. The m-health technologies had a positive role during the pandemic. Mobile health solutions and telehealth have emerged as essential components of healthcare that offer accessible and cost-effective answers in order to enhance public health as they allow healthcare professionals to address patients' needs remotely and reduce the burden on the hospital systems. mHealth technologies such as wearable sensors and mobile apps were utilized to their maximum potential, which helps to monitor COVID-19 patients and suspected cases, served as a great path to lessen the effects of the pandemic, which is particularly important for vulnerable populations such as the elderly and patients with pre-existing conditions. Hence, overall mobile-based systems for self-care and patient tracking increased, and the market witnessed a surged demand during the situation and continue to grow substantially in the forecast period.
MARKET PLAYERS
The report covers key developments in the mhealth solutions market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from mhealth solutions market are anticipated to have lucrative growth opportunities in the future with the rising demand for mhealth solutions in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mhealth solutions market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-AT&T Intellectual Property
-Apple Inc.
-Qualcomm Technologies, Inc.
-iHealth Labs Inc.
-Koninklijke Philips N.V
-ZTE Corporation
-Zebra Technologies Corp.
-Johnson & Johnson Services, Inc.
-BioTelemetry, Inc.
-Athenahealth
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.