This report has a service guarantee. Addition or alteration to country, regional & segment scope. Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada, https://www.linkedin.com/company/precedence-research/, https://www.facebook.com/Precedence-Research-105885977867944, COMTEX_371844171/2630/2020-09-25T03:40:05. The North American mHealth apps market will dominate the global market concerning technological advances and strong healthcare infrastructure. Product Offerings9.3.3. Mobile applications are anticipated to improve treatment outcomes and lifestyle while minimizing the incidence of chronic diseases. Market Opportunities5.2. Market Revenue and Forecast, by Type (2016-2027)8.5. The market is expected to generate revenue from paid … Get Customization on this Research Report@ https://www.precedenceresearch.com/customization/1061. Brazil8.5.2.1. Secondary Research10.3. Top mHealth apps on the market. Some of the major health applications market participants are 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.; and Sanofi. Mobile applications are anticipated to improve treatment outcomes and lifestyle while minimizing the incidence of chronic diseases. The application, MountSinaiNY focuses on the centralized patient-specific information to provide the patients with better access to offered healthcare services. Market Revenue and Forecast (2016-2027)7.1.7. Design an exclusive study to serve your research needs. The mHealth apps market is estimated to witness significant growth across the forecast period, owing to rising consumer demand to monitor their own health which provide the opportunity for pharmaceutical and mobile health app companies to develop mHealth applications, thus augmenting market growth. Market Classification and Scope4.3. Market Revenue and Forecast, by Type (2016-2027)8.4.4. The global mHealth apps market size was valued at USD 12.4 billion in 2018 and is projected to expand at a CAGR of 44.7% over the forecast period. List of Buyers, Chapter 7. Bristol-Myers Squibb Company9.6.1. With the replacement of traditional healthcare delivery models by the patient-centric care model, growth in the adoption of mHealth platforms is expected as an increasing number of physicians recommend using health-related apps. It also develops Research Team’s expertise and market. Boosters and Key Barriers: The rising use of mobile devices among healthcare professionals has led to the transformation of various aspects of clinical practice. Mental Health Apps Market: By Type of Subscription. India8.3.2.1. What value propositions should businesses aim at while making new research and development funding? Assumptions. Market Revenue and Forecast, by Type (2016-2027)8.4.5. It is predicted that mHealth apps' market size in 2025 will be around $50 billion. Key factors that are driving the mHealth apps market growth include the rising promotion of mHealth apps to create positive health outcomes along with the increasing preference for mobile apps. Rising promotion of mHealth apps to create positive health outcomes along with the increasing preference for mobile apps are some of the driving factors for the health applications market. In 2018, the highest demand was generated from apps related to fitness and wellness. Recent Initiatives9.6. The global mobile health (mHealth) app market is projected to be valued at US$28.320 billion in the year 2018 and is expected to reach US$102.35 billion by 2023, growing at a CAGR of 29.30% during the period. Global mHealth Apps Market, Regional Estimates and Trend Forecast, 8.1. The rise in popularity of wearable health devices is also measured to have a positive impact on the market. Company Overview9.4.2. Johnson and Johnson9.2.1. https://www.precedenceresearch.com/checkout/1061, https://www.precedenceresearch.com/customization/1061, Mortgage rates slide to fresh record low as Fed holds steady. For the historical and forecast period to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market. Some key players operating in the mHealth apps market include 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.; and Sanofi. Financial Performance9.3.4. The mHealth Apps market report meticulously assesses this industry vertical to aid stakeholders take better decisions and subsequently expand their business portfolio in the approaching years. This expansion in mobile traffic is seen because of advances in 3G and 4G chains that has empowered the usage of cell phones and tablets in the field of entertainment, commerce, medicinal services and others. Market Revenue and Forecast, by Type (2016-2027)8.5.3. Market Revenue and Forecast (2016-2027)7.1.3. U.S. market was valued higher in 2018 and it is anticipated that the market will continue retaining the dominant position throughout the forecast period. The global mHealth apps market size is expected to reach USD 236.0 billion by 2026, according to a new report by Grand View Research, Inc. Market Revenue and Forecast, by Type (2016-2027)8.5.2. This growth is mainly expected from less mature markets such as India, Egypt, Turkey, and UAE. Moreover, rising initiatives by the major players operating in the industry to launch novel mobile health solutions will further boost product demand. The global mhealth market is growing at a significant rate, due to mounting access to smartphones, tablets, and other mobile platforms, and escalating emphasis on patient-centric healthcare delivery. The MarketWatch News Department was not involved in the creation of this content. One of the major driving factors fuelling the growth of the mobile health market is the increased adoption of smartphones, as well as the continued heavy investment in the digital health market. Health-related mobile applications and technologies are often known as mHealth and manage the patient experiences. The global mHealth solutions market is highly fragmented, with many large and small firms operating at the regional and country levels. Recent Initiatives9.3. Bargaining power of suppliers5.2.2. Company Overview9.11.2. What can be the best investment choices for venturing into new product and service lines? Sales and Distribution Channel Analysis, Chapter 5. In this study, the years considered to estimate the market size are as follows: Report Analyzes Market Opportunity By Following Region Regional Market Overview: Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. North Africa8.4.3.1. The global MHealth Apps market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. Product Offerings9.12.3. The global mHealth apps market size was estimated at USD 24.5 billion in 2019 and is expected to reach USD 35.9 billion in 2020. b. The use of such apps enhances the patient experience and helps access health information. mHealth Market, By End-use. Market Revenue and Forecast, by Type (2016-2027)8.1.2. Mobile health (mHealth) refers to the practice of mobile-supported public health and treatment, such as smartphones, personal digital assistants, tablets, and wireless systems. You can also contact MarketWatch Customer Service via our Customer Center. One of the major driving factors fuelling the growth of the mobile health market is the increased adoption of smartphones, as well as the continued heavy investment in the digital health market. Recent Initiatives, 10.1. For instance, the Digital India program aims to implement IT services to empower people in healthcare. Recent Initiatives9.10. This is attributable to the high availability of a broad category of services that help a user manage and track different conditions. The Asia Pacific, on the other hand, is anticipated to register lucrative growth, owing to the high demand for connected devices that make connected living a reality. mHealth Apps Market size is projected to reach USD 57.57 billion with 21.1% CAGR till 2026; Driven by Increasing Investment in the Development of Newer Products, says … mHealth apps market was valued at USD 13.6 billion by 2019, growing with 48.9% CAGR during the forecast period, 2020-2026 Market Dynamics mHealth app is an abbreviation of mobile health solutions that have gained irreplaceable importance in the healthcare sector. The global mHealth Apps market is predicted to reach USD 240.65 billion by 2027 and is anticipated to expand at a compound annual growth rate (CAGR) of 43.9% during the forecast period 2020 to 2027. On the basis of subscription type, the mhealth apps market is segmented into free and paid apps. 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