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mHealth Apps Market – What Industry Holds in Future for Mobile Health Industry?

Zion Market Research has published a new report titled “mHealth Apps Market by Type [Healthcare Application (Chronic Care Management Apps, Fitness & General Health Apps, Medication Management Apps, Personal Health Record Apps, Women’s Health Apps, and Others) and Medical Application (Continuing Medical Education Apps, Medical Reference Apps, Consulting & Communication Apps, and Patient Monitoring & Management Apps)]: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global mHealth apps market was valued at approximately USD 8.0 billion in 2018 and is expected to generate around USD 111.1 billion by 2025, at a CAGR of around 38.26% between 2019 and 2025.

mHealth or mobile health refers to the use of mobile devices for healthcare services. mHealth broadly comprises multimedia technologies and mobile telecommunication within wireless and mobile healthcare delivery systems. mHealth apps are programs installed on mobile devices, such as smartphones, tablets etc. mHealth apps can be used for general health and fitness tracking, remote patient monitoring, consultations, disease management etc.

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The pharmaceutical and medical device industry has grown rapidly in recent years, owing to the growing prevalence of various disorders, such as diabetes, obesity, hypertension, and cancer globally. The disease burden is increasing along with the growing awareness about various diseases among patients.

Globally, smartphones and other mobile devices have gained huge popularity. mHealth apps offer patient-centric care. The growing adoption of mHealth apps for tracking health and vital signs is likely to drive the mHealth apps market in the years ahead. Additionally, the increasing penetration of mobile devices, such as tablets, smartphones, other personal digital assistants (PDAs), and wireless network devices are anticipated to further boost the mHealth apps market in the future. mHealth apps allow remote patient monitoring, prevention and treatment services, consultation, patient record keeping, etc. These advantages of mHealth apps are projected to popularize the mHealth apps market among the patients and medical professionals in the upcoming years.

The global mHealth apps market is segmented based on type and region. Based on the type, the market is segmented into healthcare apps and medical apps. Healthcare apps segment held the largest market share in 2017. Healthcare applications include chronic care management apps, medication management apps, general health and fitness applications, personal health record (PHR) apps, women’s health apps, and others (dermatological treatment, sleep monitoring, and emergency response (vital tracking)). General health and fitness apps include weight and obesity management apps, health-tracking apps, and fitness and nutrition apps.

Chronic care management apps include diabetes management apps, behavioral disorder, and mental health management apps, cancer therapy management apps, blood pressure & ECG monitoring apps, and others (kidney disorders, respiratory diseases, and infections management apps). Women’s health apps are further classified into fertility apps, breastfeeding apps, pregnancy apps, and others (apps for sleep, activity, and stress level tracking). Medical apps are made for medical professionals and are classified into continuing medical education apps, consulting and communication apps, medical reference apps, and patient management & monitoring apps.

North America, Asia Pacific, the Middle East, and Africa, Europe, and Latin America comprise the regional segment of the global mHealth apps market. The North American region dominated the market and held about 40% revenue share of the global mHealth apps market in 2017. This can be attributed to the high adoption rate of mHealth apps. Europe was the second largest region in 2017 in the global mHealth apps market. The Asia Pacific mHealth apps market is expected to register the highest CAGR over the forecast time period. Increasing smartphone penetration and a growing number of lifestyle-related disorders are projected to drive the mHealth apps market growth in the Asia Pacific region in the future. North America is likely to maintain its leading position over the forecast time period, whereas sluggish growth is expected in the Middle Eastern and African region in the years ahead. Latin America is anticipated to register moderate growth in the mHealth apps market in the future.

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Some key players of the global mHealth Apps market include Johnson & Johnson, Abbott Laboratories, AstraZeneca, Novartis AG, F. Hoffmann-La Roche AG, Bristol-Myers Squibb Company, Merck and Co., Inc., Pfizer, GlaxoSmithKline plc, and Sanofi, among others.

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Last Updated: 20-Aug-2020