mHealth Apps Market to Garner Growth at 43.9% by 2027

The global mHealth Apps market is expected to garner growth at a CAGR of 43.9% during the forecast period and is predicted to reach USD 240.65 billion by 2027

OTTAWA, June 22, 2021 (GLOBE NEWSWIRE) -- Precedence Research, Recently Announced Report on “mHealth Apps Market (By Type: Nutrition & Diet, Women's Health, Medication Adherence, Fitness, Lifestyle Management, Healthcare, Providers/Payers, Disease Management, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027”.

Over the past few years, the use of cell phones and respective wireless technologies in fulfilling the eHealth objectives has been increased drastically across the globe. In addition to this, increasing adoption of mobile phones and advancements in mobile technologies has led to a rise in new opportunities in eHealth services. Further, adoption and introduction to technologically advanced mHealth Applications have increased. On the other hand, based on the International Telecommunication Union (ITU) report, there are now over 5 billion wireless subscribers; over 70% of them reside in low- and middle-income countries.

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These mHealth apps are the advanced applications offered to the patients by various healthcare organizations variety of healthcare services such as appointment schedules, bill payments, lab test assessments, nutrition & diet management, fitness, and many other health-based services. Thus, introduction to mHealth applications has created a significant difference between the number of clinic visits. These applications have further enhanced the intercommunication between patients and health service providers, communication among health services in emergencies, monitoring and surveillance of patient’s health, and many others.

Growth Factors

Augmented expenditure by the healthcare participants and escalating emphasis on ailment management and precautionary care has stimulated the active participation of healthcare consultants and patients across the medical care and hospitals. The extraordinary growth of mobile technologies as well as advancements in their innovative application concerning health priorities have evolved across the globe, which has resulted in creating numerous opportunities in the field of eHealth. In addition to this, the health consciousness across the global population has been drastically increased, creating extensive demand for e-Health services. In the recent years, the traditional health service provider-centric modules have been replaced by patient-centric care modules, complementary to this, the use of mHealth applications has reduced the time required and increased the smoothness in ongoing healthcare operations.

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Recently, the use of wearable devices has been considerably increased. Since, these devices are designed for the prevention of diseases and maintenance of health, such as weight control and physical activity monitoring. Many of these devices are also used for disease and patient management. Furthermore, government support as well as assistance from global health organizations such as WHO and many others will further complement the growth of the mHealth apps market. The growing prevalence of numerous chronic disorders and numerous other diseases like diabetes, hypertension, and cancer will further upsurge the demand for mHealth applications. However, compatibility, reliability, and uncertainty of some of the mHealth applications might restrict the market growth.

Report Highlights

  • Presently, due to unhealthier lifestyles across the global population prevalence of chronic diseases has increased the demand for mHealth applications.
  • Increasing assistance from global healthcare organizations likes WHO and government support has created a favorable environment for the mHealth application market development.
  • Healthcare service providers and Physicians are increasingly recommending the use of mHealth applications resulted in upsurges adoption rates and the number of users.
  • North American mHealth apps market has dominated in the years 2020 with respect to comparatively strengthening technological and healthcare infrastructure.
  • The COVID19 pandemic has drastically affected the mHealth apps market dynamics to a significant extent. Since the majority of the market and leading countries are drastically impacted by the ongoing pandemic.

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Regional Snapshots

Considering the income-based regional classifications, the higher income countries show comparatively additional adoption of mHealth applications than the lower-income countries. As a result, countries across North America and Europe show greater than the African and Middle Eastern countries. On the other hand, growing mobile users across India, China, Japan, and other developing countries from Asia has shown a drastic increase in the adoption of mHealth applications. However, North America is the dominant region based on the regional segmentation concerning the available technological and corresponding health infrastructure.

Key Players & Strategies

Since the mHealth application can be developed in the open-source without any restrictions and limitations, there are numerous mHealth application developers are available across the globe. However, the major concern related to these apps is the accuracy and reliability, thus applications from some of the reputed health service providers and software developers from the market are majorly adopted. In addition to this, the mHealth apps market has experienced many strategic alliances of software developers with healthcare service providers to attain a competitive advantage. Some of the key stakeholders incorporated in the mHealth apps market report are F. Hoffmann-La Roche Ltd., AstraZeneca PLC, Johnson and Johnson, Sanofi., iHealth Labs Inc., Bristol-Myers Squibb Company, Vivify Health, Abbott Laboratories, Medtronic MiniMed, Inc. and many others.

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