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Global mHealth Solutions Market Analysis 2017 and Forecasts 2018-2022 by Connected Device, Apps, and Services - A Projected $90.5 Billion Market - Research and Markets
[January 10, 2018]

Global mHealth Solutions Market Analysis 2017 and Forecasts 2018-2022 by Connected Device, Apps, and Services - A Projected $90.5 Billion Market - Research and Markets

The "mHealth Solutions Market by Connected Device (Blood Pressure Monitor, Glucose Meter, Peak Flow Meter) Apps (Weight Loss, Woman Health, Personal Health Record, Medication) Services (Diagnostic, Remote Monitoring, Consulting)-Global Forecasts to 2022" report has been added to Research and Markets' offering.

The global mHealth solutions market is projected to reach USD 90.49 Billion by 2022 at a CAGR of 33.7% during the forecast period.

The growth of the mHealth Solutions market can be attributed to the penetration of smart gadgets, increasing utilization of connected medical devices for remote monitoring and mHealth apps in the management of chronic diseases. Also, factors such as the advent of advanced connectivity and network technologies, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare are expected to drive the growth of the mHealth Solutions market during the forecast period.

Based on product and service, the connected medical device segment dominated the mHeath product and service market in 2016. The mHealth solutions market growth can be attributed to the shifting consumer preferences towards a healthier lifestyle, need for continuous monitoring of various chronic health conditions of patients, and the need to overcome the financial burden on the caregivers.

The healthcare applications market is expected to register the highest CAGR during the forecast period. This growth is attributed to the increasing prevalence of chronic conditions, and lifestyle related diseases.

In 2016, remote monitoring services accounted for the largest share of the global mHealth services market. The large share can be attributed to the increasing adoption of remote monitoring solutions by patients in remote rural areas and technological advancements in medicine and telecommunication.

In 2016, North America dominated the global mHealth solutions market. Asia-Pacific is the fastest-growing market for mHealth solutions.

Weak reimbursement coverage, low guidance from physicians in selecting apps, and reluctance to use advanced solutions by traditional healthcare providers are likely to hinder the growth of the mHealth solutions market to some extent.

Companies Profiled

  • AT&T, Inc.
  • Agamatrix, Inc.
  • Airstrip Technologies
  • Alivecor, Inc.
  • Apple (News - Alert) Inc.
  • Athenahealth, Inc.
  • Biotelemetry, Inc.
  • Cerner Corporation
  • Cisco Systems, Inc.
  • Ihealth Lab Inc.
  • Johnson & Johnson
  • Koninklijke Philips (News - Alert) N.V.
  • Medtronic PLC
  • Nokia Corporation
  • Omron Corporation

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