The Global mHealth Market Is Witnessing High Growth Owing To the High Incidence of Chronic Health Conditions Such As Diabetes in the World
mHealth Market, By Service (Solutions for patients (Wellness, Prevention service, Monitoring service, Diagnostic service, Treatment service, Information, and reference), Healthcare system strengthening (Emergency response, Health care practitioner support, Healthcare surveillance)), By Application (General healthcare and fitness, Medication information, Remote monitoring, collaboration and consultancy, Healthcare Management, Health data, and record access), By End User (Public/Private healthcare institutions, Physicians, Healthcare workers, Individuals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share Outlook, and Opportunity Analysis, 2020 - 2027.
Market Overview:
mHealth is a technology that uses a variety of mobile devices to provide health information to individuals. It enables patients and providers to share data and receive timely healthcare information, including disease surveillance, diagnostics, and treatment support. In addition, mHealth technologies can also aid patients in self-care.
Mobile health is rapidly growing in popularity worldwide. Healthcare organizations are using mHealth to improve patient care and optimize their health systems. These tools offer an opportunity to reduce health disparities and increase care efficiency. Using mHealth technologies can also help physicians and nurses in remote areas obtain actionable health information.
Competitive Landscape:
Major players operating in the global mHealth Market include Omron Healthcare, Inc., Boston Scientific Corporation, AT&T, Livongo Health, BioTelemetry, Inc., Omada Health, Inc., Jawbone Health Hub, Inc., DEXCOM, Apple Inc., and Fitbit, Inc.
Key Market Drivers:
Increasing developments by key players in the global mHealth Market are expected to augment the growth of the market.
For instance, in October 2019, Livongo Health signed a contract in order to supply mHealth care management services to Blue Cross Blue Shield-based FEHBP members, suffering from type 1 and 2 diabetes.
mHealth is becoming a popular alternative for underserved populations. This is especially true in rural and remote areas where the traditional methods of providing care may be too slow or ineffective. The use of mHealth technologies also helps to speed up training for medical students. Moreover, the high incidence of chronic diseases in the world such as cancer is estimated to enhance the growth of the global mHealth Market.
Covid-19 Impact Analysis:
During the COVID-19 pandemic, there have been several developments in the global mHealth for market. For instance, in October 2020, U.S. Army’s Medical Research and Development Command (USAMRDC) and Fitbit formed a partnership in order to introduce a COVID-19 mHealth study. The study will help in developing a health platform for detecting the impact of COVID-19 on the U.S. military.
Key Takeaways:
· North America is expected to dominate the growth of the global mHealth Market, owing to the high developments done by key market players in the region. For instance, in August 2020, Teladoc health and Livongo Health announced a partnership in order to expand the concept of “consumer-centered virtual care”.
· The Asia Pacific is estimated to witness high growth in the global mHealth for market, owing to the high incidence of chronic diseases such as diabetes in the region. For instance, according to Diabetes Australia, around 1.5 million Australians are living with diabetes.

Comments
Post a Comment