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Global mHealth Market Projected to Grow at a Staggering 22% CAGR through 2025

Press release Description

Albany, New York, March 8, 2018: A new thorough study titled “mHealth Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE) that provides 360 degree view of the global mHealth market. The report projects the global mHealth market to grow at a staggering CAGR of over 22% during the assessment period, and surpass US$ 118 Bn in revenues by 2026-end.

The report offers comprehensive analysis and insights into the key factors that are driving the growth of the market. Insights have also been offered on the challenges faced by stakeholders currently. In-depth information about the opportunities and trends in the market have also been offered to readers in detail. According to the report, the global mHealth market is likely to grow on account of proliferation of technology and efficacy of mHealth in the management of chronic ailments, such as diabetes.

Detailing the key challenges faced by manufacturers currently, the report opines that adoption of mHealthcare is currently limited to certain demographics. Limited awareness on the benefits of mHealth, combined with unfavorable reimbursement policies are likely to create challenges for adoption during the assessment period.

For detailed insight, the report has segmented the global mHealth market into product, end user and region. The product segment is further divided into sub-segments which are mHealth applications (Fitness & Wellness, Cardiovascular Diseases¸ Respiratory Diseases, Smoking Cessation, Diabetes, Medication Adherence, Central Nervous System Disease, Musculoskeletal Diseases and others.), Connected Medical Devices (Activity Monitors, Fetal Monitoring, Heart Rate Monitors, Neuromonitoring, Electrocardiograph and others) and mHealth services. The end user segment in the report is bifurcated into B2B (employers, providers, payers and others) and B2C (caregivers and patients). On the basis of region, the global market has been divided into key regions which are North America, Europe, Latin America, Asia Pacific and Middle East and Africa.

According to the report, North America is likely to remain one of the most lucrative market for mHealth during the assessment period. High adoption of mHealth in the US, combined with pervasiveness of smartphone and internet connectivity are among the key factors driving adoption. The report projects growth opportunities to rise at a steady clip during the assessment period.

The key companies profiled in the report include Dexcom, Inc., FitBit, Inc., Jawbone, Omada Health, Inc., Livongo Health,, Inc., 2Morrow, Inc., Mango Health, Twine Health, Inc., Firstbeat Technologies Ltd,  Big Health, Virta Health Corp, Meru Health, Inc., Pear Therapeutics, Inc., Blue Mesa Health, Apple Inc., Withings, Proteus Digital Health, WellDoc, Inc., Noom, Inc., Propeller Health, Canary Health, BiogeniQ Inc., Glooko, Inc., Claritas MindSciences, Dthera Sciences, Zest Health, LLC, HealthMine, Inc., BioTelemetry and Inc., Digital Therapeutics.

Browse Full Global mHealth Market Report with TOC :

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