mhealth Applications Market Share, Trends And Growth Analysis By Type, Applications

mhealth Applications Market Share, Trends And Growth Analysis By Type (Monitoring Applications, Diagnosis & Treatment, Education & Awareness, Healthcare Management, Wellness & Prevention, And Others) - Forecast To 2023.

Global mHealth Applications Market - overview

The Global mHealth applications market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth applications market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023).

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Technology is transforming the entire world and healthcare is not exception for it. Digital innovation and technological advancement is helping to put healthcare to the next level. After the evolution of the term called eHealth, now it is the era of mHealth. mHealth commonly known as mobile health. Use of mHealth devices and mobile devices is growing at tremendous rate throughout the globe and technology is changing dramatically. mHealth has potential to change the healthcare sector and can make is more accessible, affordable and faster. Technology is the major driving force behind the mHealth. Technological advancement is providing better healthcare solution that changing the way of medical sector. Continuous innovation is most influencing force in this market. The demand for advanced and innovative products are increasing at rapid pace. Introduction of innovative product in the market gives first mover advantage to the solution provider. Options of better treatments, access to the solutions, improved affordability and convenience are changing the healthcare sector. Many times mHealth changes the traditional healthcare like, healthcare professionals can directly connect and assist patients from thousand miles away through mHealth technology. However, factors such as security and confidentiality threats along with resistance to change and market volatility are the major restraining factors for the market growth, during the forecast period.

Global mHealth Applications Market - Competitive Analysis

 

Characterized by the presence of several well-established and small players, the global mHealth applications market appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing.  The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.

 

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

 

In September, 2016- Allscripts, a global leader in healthcare technology, announced that it has closed its acquisition of McKesson Corporation’s hospital and health system IT business, known as the Enterprise Information Solutions (EIS) business. The transaction significantly expands Allscripts client base in U.S. hospitals and health systems and expanded its solutions portfolio. Allscripts purchased the EIS business for USD 185 million in cash.

 

In October, 2017- AgaMatrix, Inc., a wholly owned subsidiary of AgaMatrix Holdings LLC, announced that they entered into a USD 32 million senior term loan facility with Prospect Capital Corporation. The proceeds from the term loan facility were used to support sales and marketing, product development and clinical trial initiatives for both AgaMatrix, Inc., and for WaveForm Technologies, Inc., a separate wholly owned subsidiary of AgaMatrix Holdings, LLC.

 

In September, 2016- iHealth Labs, the connected device subsidiary of Andon Health with offices in Paris and Mountain View, California, acquired Bordeaux, France-based eDevice for USD 106 million. eDevice is a longtime European provider of back-end infrastructure that connects remote monitoring devices to hospitals and healthcare providers.

 

Global mHealth Applications Market - regional analysis

 

The global mHealth market is segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth applications is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.

Intended Audience

  • mHealth applications developers and providers
  • mHealth applications devices manufacturers and suppliers
  • Research and Development (R&D) Companies
  • Market Research and Consulting Service Providers
  • Potential Investors

 

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The report for Global market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

Competitive Landscape:

Allscripts (U.S.), Agamatrix, Inc. (U.S.), Apple Inc. (U.S.), Honeywell International Inc. (U.S.), Medtronic MiniMed, Inc. (U.S.), Vivify Health (U.S.), iHealth Labs Inc. (U.S.) and others are some of the prominent players at the forefront of competition in the Global mHealth Applications Market  and are profiled in MRFR Analysis.

TOC:

1.    Report Prologue    

2.    Market Introduction    

      2.1    Definition    

      2.2    Scope of the Study    

            2.2.1    Research Objective    

            2.2.2    Assumptions    

            2.2.3    Limitations    

3.    Research Methodology

      3.1    Introduction

      3.2    Primary Research    

      3.3    Secondary research

      3.4    Market Size Estimation

TOC…Continued

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Comments

  1. UnknownJanuary 19, 2022 at 4:11 AM

    Covid-19 has impacted the supply and demand status for many industries along the supply chain. In this report a comprehensive analysis of current global mHealth Applications market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading players are profiled with their revenue, market share, profit margin, major product portfolio and SWOT analysis. This report also includes global and regional market size and forecast, major product development trend and typical downstream segment scenario, under the context of market drivers and inhibitors analysis. According to this survey, the global mHealth Applications market is estimated to have reached $ xx million in 2020, and projected to grow at a CAGR of xx% to $ xx million in 2027.

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