mHealth Apps Market: Research Report Overview by Industry Size, Share, Trends, Growth & Leading Players (2021-2027)
Research report presented by UnivDatos, Emphasis on Category [Disease and Treatment Management (Healthcare Providers/Insurance, Medication Reminder & Info, Women Health/Pregnancy, Disease specific), Wellness Management (Fitness, Lifestyle & Stress, Diet & Nutrition), Others], Services (Monitoring Services, Fitness Solutions, Diagnostic, Treatment, Others), Operating System (Google Play Store, Apple App Store, Others), Technology (AI-enabled, Non-AI enabled) and Geographical analysis (key regions and country).
As per the research report, Global Mobile Health Apps Market is expected to reach the market valuation of US$ 315.4 billion by 2027 expanding at a reasonable CAGR of 44.4% during the forecast period (2021-2027) from US$ 16.8 billion in 2019.
One of the most effective health apps is the mobile health application. The adoption of smart wearables, keeping track of everyday lives, and other innovations and knowledge in the health care industry have boosted the demand for mobile health apps. Furthermore, other developments, such as the use of smartphones as medical instruments, are contributing to an increase in the number of healthcare applications. According to a study, over 100,000 wellness apps are available for free on a variety of devices, including Android, iOS, and Windows Phone, and this figure is projected to grow exponentially as technology and healthcare continue to evolve side by side. Furthermore, the acceptance and use of mobile health apps by healthcare service providers such as clinics, hospitals, diagnostics laboratories, and others for a variety of purposes such as gathering detailed personal history, tracking objective medical parameters, assisting in decision-making, help in communication with patients, training patients, and measuring medication adherence is driving the market forward.
For complete research, request for Sample of the report browse through – https://univdatos.com/request_form/form/356
One of the main factors driving the development of the mobile health technology industry is the increase in internet penetration combined with smartphone acceptance. According to a study by Datareportal, Internet users are increasing at a rate of more than 7% per year, equating to an average of more than 875,000 new users per day, and about 60% of the global population has access to the internet. In addition, by 2020, about 48.53 percent of the global population will own a smartphone. The number of people who own smartphones was 33.58 percent earlier this year. The affordability of smartphones at a reasonable price is hastening the market's expansion. According to IDC, mobile shipments increased by 2.4 percent in Q4 2020. Smartphone shipments, on the other hand, are forecast to rise by 4.4 percent in 2021.
Furthermore, the advent of many chronic diseases is being fueled by an increase in the geriatric population and the acceptance of a sedentary lifestyle among millenniums around the world. Furthermore, the busy and hectic lifestyle, along with the numerous advantages of mobile health applications, such as time and money savings, quick access to physicians, and so on, is contributing to increased use of the apps. As a result, the stock market is rising.
For a detailed analysis of the applications in the Smart Home Market browse through – https://univdatos.com/report/global-mobile-health-application-market-current-analysis-and-forecast-2020-2027
The mobile health apps market has increased from COVID-19. When the government declared the lockdown and social distancing norms, mobile health applications saw a huge increase during this period. During the COVID Period, the government also encouraged the use of digital technologies for consulting physicians. In India, the government has released "Arogya Setu," a mobile health programme. Arogya Setu was downloaded by 90 million users before May 2020, according to the Ministry of Home Affairs. A mobile healthcare apps, also saw an increase in COVID-19-related requests. The number of requests for assistance and intelligence increased by 2700 percent from February to March.
Insights Presented in the Report
“Amongst disease and treatment management type, the disease-specific segment dominated the market during the forecast period”
The market is primarily segmented into healthcare providers/insurance, prescription reminder, women's health/pregnancy, and cancer-specific disease and treatment management types. The disease-specific segment held a maximum market sales share of 50% in 2019 and is projected to continue to do so during the forecast period. The Medication Reminder & Info section, on the other hand, is expected to grow at the fastest rate in the coming years.
“Amongst category, Wellness management segment holds the major share”
The market is segmented into disease and recovery control, health management, and others, depending on the category. Wellness management dominated the market in 2019, with a share of 62.6 percent, and is predicted to continue to do so over the projected period, owing to increased end-user understanding of the benefits of healthcare and the increasing prevalence of several communicable and non-communicable diseases.
“Amongst the operating system type, google play store segment dominated the market during the forecast period”
The market is mainly classified into the google play store, apple app store, and others based on the operating system model. Because of the affordability of android phones, the google play store segment accounted for a highest market sales share of 61.2 percent in 2019 and is projected to stay dominant throughout the studied period.
“Amongst wellness management, fitness segment is anticipated to dominate the market during the analyzed period”
In addition, the health management industry is divided into three segments: exercise, lifestyle and stress management, and food and nutrition. Due to the increasing millennium's inclinations toward health and wellness, the fitness sub-segment accounted for a maximum market sales share of 55.2 percent in 2019 and is projected to stay dominant throughout the studied timeframe. The diet and nutrition section, on the other hand, is expected to rise at a significant CAGR over the projected era.
“Amongst services, monitoring services segment holds the major share”
The market is divided into screening systems, wellness solutions, testing services, recovery services, and others based on services (health practitioner support, administration, prevention). Due to the launch of health tracking apps by prominent players and acceptance by end-users owing to its advantages, the monitoring services segment accounted for the largest market share of 65 percent in 2019 and is projected to be the leading segment of the mHealth apps market during the forecast period.
“North America represents one of the largest markets of Mobile Health Application market”
A detailed research was performed for various regions around the globe, including North America (the United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, the United Kingdom, and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), and the Rest of the World, to get a greater understanding of the business trends of the Mobile Health Apps Market. Because of the high prevalence rate of chronic disease, mobile penetration, and rising seed surging to m-health technology start-ups in the country, North America dominated the market and delivered revenue of US$ 4.7 billion in 2019.
The mHealth Apps Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.