With the emergence and long-term Impact of COVID-19, the Global MHealth Solutions Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global MHealth Solutions Market is poised to raise up to USD XX Billion by 2030. mHealth, short for “mobile health,” refers to the use of mobile devices, such as smartphones and tablets, as well as other wireless technology, in the field of healthcare. mHealth solutions encompass a wide range of applications and services that leverage mobile technology to improve healthcare delivery, monitoring, and management. The key factors driving the market growth are rising penetration of smartphones, tablets, and other mobile platforms, rising inclination towards digital health technologies, growing demand for telemedicine and remote consultations, growing utilization of connected devices, and a growing aging population that anticipated to support the market growth.
Moreover, the rising inclination towards digital health technologies is indeed supporting the growth of the mHealth Solutions Market. Digital health technologies, including mobile apps and wearable devices, have made healthcare more accessible to a broader population. It helps to access health information, monitor their health, and receive medical advice or consultations through their smartphones and wearable devices, eliminating geographical barriers.
According to the Statista, in 2021, the market for digital health was estimated to value at nearly USD 268 billion around the world. Also, it is anticipated to grow and is expected to reach about USD 657 billion by the year 2025. Additionally, the growing adoption of IoT and wearable devices are anticipated to create lucrative opportunities for the market over the forecast period. However, the lack of standards & regulations and insufficient reimbursement stifles market growth throughout the forecast period of 2023-2030
The key regions considered for the Global mHealth Solutions Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, rising need for better and improved healthcare services, and high penetration of mobile apps and wearable devices. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing use of telehealth solutions and services, increasing government initiatives to implement eHealth, and the rising geriatric population in the region.
The global MHealth Solutions Market is highly competitive owing to the presence of several key manufacturers such as Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), Johnson & Johnson Private Limited (US), Omron Healthcare Co., Ltd. (Japan), Cerner Corporation (US), and others.
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Global mHealth Solutions Market Size study & Forecast, by Product and Service (mHealth Devices, mHealth Apps, mHealth Services), by Application (mHealth Solutions for Disease Tracking, mHealth Solutions for Wellness Management, Others), by End User (mHealth Solutions for Physicians, mHealth Solutions for Patients, mHealth Solutions for Hospitals, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global MHealth Solutions Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the product and service segment, mHealth Services emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to high penetration of mobile apps and wearable devices.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Product and Service:
- mHealth Devices
- mHealth Apps
- mHealth Services
- mHealth Solutions for Disease Tracking
- mHealth Solutions for Wellness Management
- mHealth Solutions for Patient Monitoring
By End User:
- mHealth Solutions for Physicians
- mHealth Solutions for Patients
- mHealth Solutions for Hospitals
- mHealth Solutions for Healthcare Insurance Vendors
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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