High health care expenditure, government initiatives, high rate of adoption of new technologies and increasing funding by private and public organizations are some of the factors driving the growth of the mHealth market in North America and Europe.
Albany, NY -- (SBWIRE) -- 01/30/2018 -- Various technological advancements has provided several benefits to the people. One such technology is Mobile health technology, a rapidly evolving element in health care. The wide range of mHealth applications has been anticipated to bring in scores of beneficial business prospects in the world market. Presently, from chronic disease management to complex population health analysis, mHealth could be highly demanded across several applications. These findings have been revealed in the latest report, added to the broad repository of Market Research Hub (MRH), with the title of "mHealth Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2025".
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This 289-page study offers a holistic outlook of the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2025. The report also highlights opportunities and factors in the market at the global and regional level. Prime regions emphasized in the study are North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; these are analyzed in terms of market revenue.
Market Overview and Forecast Assumptions
Integration of mobile technology into healthcare services has allowed consumers to manage their daily activities effectively. mHealth helps to reduce healthcare expenditure by limiting the number of hospital visits and also reduces readmissions, thereby demand is increasing day by day. Analysts have prefigured the global mHealth market to produce an estimated US$118.4 bn by the end of 2025 at a CAGR of 22.1% during the forecast 2017-2025. In 2017, the market was valued at US$23.9 bn.
Some of the prime factors include new and budding application areas of mHealth solutions, increase in the occurrence of chronic diseases and the swelling adoption of high-speed networks and smartphones. Increasing penetration of internet across the world and technological advancements such as the introduction of 3G/4G/5G internet services, increasing focus of general population towards fitness, wellness and nutrition diets are expected to propel the growth of mHealth application segment in the forecast period.
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In the initial section, the report comprises an executive summary, including a market snapshot that provides complete information on various segments and sub-segments. Growth rates for each segment within the global mHealth market have been determined after a thorough analysis of past trends, future trends, technological developments, and regulatory necessities. The market has been analyzed on the basis of product, end-user and geography. Major end-users are B2B and B2C.
Further, the research has profiled some of the prime players functioning in the market, such as Dexcom, Inc., Apple Inc., FitBit, Inc., Withings, Jawbone, Meru Health, Inc., Proteus Digital Health, Omada Health, Inc., WellDoc, Inc., Livongo Health, Pear Therapeutics, Inc., Noom, Inc., Dthera Sciences, Ginger.io, Inc., Zest Health, LLC, Propeller Health, 2Morrow, Inc., Big Health, Canary Health, Mango Health, BiogeniQ Inc., Twine Health, Inc., Glooko, Inc., Firstbeat Technologies Ltd., Claritas MindSciences, Virta Health Corp, HealthMine, Inc., BioTelemetry, Inc., Blue Mesa Health, and Digital Therapeutics.
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