LONDON, July 27, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the mHealth apps market, the adoption of artificial intelligence (AI) and 5G are shaping the mHealth apps market. Artificial intelligence is human intelligence that is processed by machines such as computers and focuses on learning, reasoning, and self-correction. AI is adopting 5G to improve customer experiences. The advancement of AI and 5G has been introducing new opportunities for service providers in the healthcare apps market. Artificial intelligence plays a major role in improving customer service, creating new challenges and even solving network complexities. Companies are launching AI platforms to enhance customer experiences. For example, in January 2020, Babylon Health, a UK-based digital health service provider, announced that they were developing an AI-integrated health application to serve 300,000 people in England.
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The global mHealth apps market size is expected to grow from $36.43 billion in 2021 to $45.66 billion in 2022 at a compound annual growth rate (CAGR) of 25.3%. The mHealth apps market growth is expected to reach $113.25 billion in 2026 at a CAGR of 25.5%.
The growing popularity of mHealth applications due to their increasing benefits in improving patient disease state is expected to propel the mHealth app market forward. Many people are increasingly adapting to the usage of health apps, and therefore their popularity is increasing. These apps provide many benefits for monitoring a patient's disease state. According to the Healthcare Information and Management Systems Society, a health app is regularly used by nearly 64% of adults in the United States to measure health metrics. Further, a new study by BMJ in 2021 reported that the Google Play store has nearly 2% of mHealth apps. mHealth apps are being used to improve treatment and provide information that is easily accessible. Healthcare professionals are using these health applications for educating patients and also for self-monitoring. Therefore, the increasing publicity of mHealth applications due to their increasing benefits in improving patient care is driving the growth of the mHealth app market.
Major players in the mHealth apps market are Omron Healthcare Inc., Johnson and Johnson, BioTelemetry Inc., Bristol-Myers Squibb Company, Qualcomm Technologies Inc., Diversinet Corp., Medtronic MiniMed, Agamatrix Inc., Apple Inc., Pfizer Inc., GlaxoSmithKline plc, Merck and Co. Inc., Novartis AG, Abbott Laboratories, AstraZeneca Plc., Sanofi, Ovia Health, Livongo Health, Orange, Sony, F. Hoffmann-La Roche Ltd., Allscripts, Jawbone Health Hub Inc., Boston Scientific Corporation, Withings S.A., iHealth Labs Inc., Nutrimedy, and Dr. Pad.
The global mhealth apps market is segmented by app type into disease and treatment management, wellness management, others; by connected medical devices into heart rate meters, wearable fitness sensor device, blood pressure monitors, pulse oximeters, others; by application into monitoring services, fitness solutions, diagnostic services, treatment services, others; by end-user intophysicians, patients, insurance companies, research centers, pharmacy, biopharmaceutical companies, government, tech companies, others.
North America was the largest region in the mHealth apps market in 2020. Asia-Pacific is expected to be the fastest-growing region in the mHealth apps market. The regions covered in the mobile health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
MHealth Apps Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide mHealth apps market overviews, mHealth apps market analyze and forecast market size and growth for the whole market, mHealth apps market segments and geographies, mHealth apps market trends, mHealth apps market drivers, mHealth apps market restraints, mHealth apps market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
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