Global Mobile Health Market Report Size 2022 Growth, Share, Product Types and Application, Top Key Players with Sales, Price, Business Overview, SWOT Analysis 2031

Kenneth Research, in its repository of market research reports, have recently added a report on the Global Mobile Health Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Mobile Health Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Mobile Health Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Mobile Health Market valued approximately USD 24.7 billion in 2017 is anticipated to grow with a healthy growth rate of more than 33.5 % over the forecast period 2018-2025. Supportive regulatory impositions specific to feasibility and quality of mobile-based medical devices along with the rising awareness has had a positive impact on the market. Additionally, growing focus on patient-centric healthcare services is considered as a key trend for the mobile health market globally.

Key driving factors for the mobile health market are growing use of smartphones and tablets along with the growing focus on personalized medicines. According to the Consumer Technology Association’s in June 2018, the association has conducted a study on consumer technology ownership. The study reveals that smartphone penetration stood about 87% of homes in the United States. Similarly, as per the report published by the Wireless Smartphone Strategies (WSS) Services, smartphone penetration rate of population rate reached to 44% in 2017 from 39% in 2016 globally. As mobile devices offer various advantages for healthcare professionals to support improved patient outcomes and better clinical decision-making. Furthermore, increasing demand of point of care treatment and diagnosis is expected to create lucrative growth prospects for the market. However, data security and privacy concerns are expected to hinder the market growth during the forecast period.

On the basis of segmentation, the mobile health market is segmented into devices, services and application. The device segment is classified into blood glucose meters, pulse oximetry, BP monitors, apnea and sleep monitors, neurological monitoring devices, wearable fitness sensor device & heart rate meters and others. The service segment is bifurcated into monitoring services, diagnosis services, prevention, treatment, wellness and healthcare system strengthening solutions and monitoring services of which monitoring services is anticipated to grow at a high CAGR owing to the growing need for management of chronic diseases along with post-acute care management. The application segment is classified into cardiovascular diseases, respiratory diseases, diabetes, neurological diseases and others.

The regional analysis of Global Mobile Health Market is considered for the key regions such as North America, Europe, Asia Pacific and Latin America. Asia Pacific is expected to emerge as the fastest growing region in terms of market share headed by Japan, China and others. The growth of Asia-Pacific region is witnessed owing to the high penetration of mobile healthcare platforms coupled with rising prevalence of chronic diseases.

The market players include-
Medtronic Inc
Cardionet Inc
Ihealth Lab Inc
Philips Healthcare
BioTelemetry Inc.
LifeWatch AG
OMRON Corporation
Apple Inc
Qualcomm
Samsung Electronics Co. Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Device:
Blood glucose meters
Pulse oximetry
Apnea and sleep monitors
BP monitors
Neurological monitoring devices
Wearable fitness sensor device & heart rate meters
Others

By Services:
Monitoring services
Wellness and healthcare system strengthening solutions
Diagnosis services
Treatment
Prevention

By Application:
Cardiovascular diseases
Diabetes,
Neurological diseases
Respiratory diseases
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa

Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global Mobile Health Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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