Mhealth Apps Market: Medical Applications To Manage Chronic Disease Conditions is Propelling Segment Growth
mHealth
Apps Industry Overview
The
global mHealth apps market size was valued at USD 38.2 billion in 2021 and is
expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2022
to 2030. Growing adoption of fitness and medical apps to collect and track
individuals' health-related data and to improve the overall health of the
patients’ using smartphones are the major factors anticipated to drive the
market. In addition, increasing internet and smartphone penetration and growing
awareness in maintaining physical health and lifestyle improvement are also
further increasing the adoption, thereby supporting market growth.
Furthermore, increasing promotion to adopt health applications
by the government and private organizations due to the benefits provided by
these applications in monitoring and improving health conditions and lifestyle
is also expected to accelerate the app adoption over the years. In addition,
the growing number of health applications and continuous improvement of the app
quality by the developers is also anticipated to boost the growth of the market
for mHealth. For instance, according to statistics quoted by IQVIA in an
article published by Medical Device Network in 2021, are more than
350,000 digital
health applications available on app stores.
The growing interest of the users to use health applications for
chronic disease management is expected to increase the adoption of mobile
health applications. In addition, increasing recommendations of healthcare
professionals to use mobile applications for better patient care is also
another factor anticipated to accelerate the mHealth app adoption. For
instance, according to the data published in OrthoLive stated that 93% of the
healthcare professionals believed that mobile health applications can improve
patients' health. This type of perspective of the healthcare professionals towards
the mobile health applications is further anticipated to drive the adoption of
the mHealth applications over the years.
Gather more insights about the market
drivers, restrains and growth of the Global
mHealth Apps market
Furthermore, an increase in the number of mobile subscriptions
and growing internet penetration around the globe are further helping to boost
the adoption of health applications. For instance, as per the report published
in 2020 by Ericsson, the mobile subscription number exceeded six billion and
this is also anticipated to increase over the forecast years. Moreover, the growing
use of social media and increasing app promotions are also expected to propel
the growth of the market for mHealth in the upcoming years. For instance,
according to the DataReportal 2021 statistics, there are around 4.55 billion
social media users by October 2021, which equates to 57.6% of the total world
population.
In addition, there is an increase in the utilization of mHealth
applications observed during the COVID-19 pandemic. During the pandemic, the
government and non-government organizations promoted the use of mobile health
applications for training, self-management of symptoms, information sharing,
contact tracing, risk assessment, home monitoring, and decision making to
manage the COVID-19 pandemic. For instance, as per the data published in the
journal Expert Review of Pharmacoeconomics and Outcomes Research, there is a
65% growth in mobile health application download in 2020.
Moreover, data security and privacy concerns of mobile
healthcare applications are the major factors expected to hamper the growth of
the market for mHealth. Sensitive information accesses, hacking issues, data
breaches, automatic installation of malicious programs are some of the major
concerns anticipated to impede the market growth. In addition, lower regulatory
approval for mHealth applications is also one of the major factors anticipated
to restrain the growth of the market. For instance, as per the medical
economics report, only 219 mobile health applications got FDA approval by 2018.
Browse through Grand View Research's Healthcare
IT Industry Research Reports.
·
Electronic Data Capture Systems Market
- The global electronic data capture systems market size was valued at USD 1.25
billion in 2022 and is estimated to expand at a compound annual growth rate
(CAGR) of 14.6% from 2023 to 2030.
·
E-Prescribing Market - The global
e-prescribing market size was estimated at USD 2.89 billion in 2022 and it is
anticipated to witness a compound annual growth rate (CAGR) of 26.8% during the
forecast period.
mHealth Apps Market
Segmentation
Grand View Research has segmented the global
mHealth apps market based on product type, platform and region:
mHealth Apps Product Type Outlook (Revenue,
USD Million, 2016 - 2030)
·
Medical Apps
o Women’s Health
Apps
o Personal Health
Record Apps
o Medication
Management Apps
o Diagnostic Apps
o Remote
Monitoring Apps
o Disease
Management Apps
o Others
·
Fitness Apps
o Diet &
Nutrition
o Exercise &
Fitness
o Lifestyle &
Stress
mHealth Apps Platform Outlook (Revenue,
USD Million, 2016 - 2030)
·
Android
·
iOS
·
Others
mHealth Apps Regional Outlook (Revenue,
USD Million, 2016 - 2030)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa (MEA)
Market Share Insights
·
October 2019: Abbott Laboratories announced its partnership
with Omada Health for diabetic care management using the mhealth coaching
platform. Consequently, the developments by the leading players are anticipated
to boost the growth of the market for mHealth over the forecast years.
Key Companies profiled:
Some of the prominent players in the mhealth apps market
include:
·
Teladoc Health,
Inc.
·
AstraZeneca PLC
·
Abbott
Laboratories
·
Sanofi
·
Johnson and
Johnson
·
Bristol-Myers
Squibb Company
·
Novartis AG
·
F. Hoffmann-La
Roche Ltd.
·
Merck and Co.,
Inc.
·
Pfizer, Inc.
·
GlaxoSmithKline
plc
·
Samsung
Electronics Co. Ltd
·
Orange
·
Qualcomm
Technologies, Inc.
·
Google
(Alphabet), Inc.
·
Airstrip
Technologies, Inc.
·
Apple, Inc.
·
AT&T
·
Allscripts
Order
a free sample PDF
of the mHealth Apps Market Intelligence Study, published by Grand View
Research.
About Grand View Research
Grand View Research, U.S.-based market
research and consulting company, provides syndicated as well as customized
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headquartered in San Francisco, the company comprises over 425 analysts and
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the opportunities that lie ahead.
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Grand View Research, Inc.
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