COVID 19 Analysis

The arrival of the Covid-19 pandemic has accelerated growth for the medical and healthcare services to a great extent. However, the other industries are struggling with this new change and taking their time to implement them across various industries. The production, manufacturing, and delivery units have suffered the most owing to the travel, operational, and lockdown restrictions. The pandemic has hit the lives of people making them do every step that boosts their immunity. Also, the people who have contracted the illness are either in hospitals or home quarantine. To treat the patients and cure this illness along with others, the patients’ record is a must. This is because the treatment of the patients and the risk quotient are understood with the help of the same.

The mHealth market devices are being manufactured for wide use for the patients. The collected data through the services of the mHealth market helps in curing the patients and hence, is undergoing development. The key market players are investing in the research and development departments for devices and services to benefit patients and helping them receive the best possible treatment. Also, the government is showing support towards the global growth of the mHealth market with its offered schemes and regulations.

mHealth market, by Region (%)

mHealth Market Research Report- Forecast To 2027 -Report image 00


Market Dynamics

Drivers

Owing to the increased awareness amongst people for personal healthcare, the patients are getting involved in-depth for their medical condition and provide appropriate information on requirements. Also, the mobile and electronic industry is focusing on the same by developing smartphones, watches, alongside other wearable devices. Also, the healthcare industry inmates are investing in these variables which are helping the mHealth market to grow at a staggering rate.

Restraints

The mHealth market deals in collecting the medical and other important information related to the patient and any family history of diseases. But, while getting the information recorded, the patients feel insecure owing to security and privacy issues. The risk related to misuse and data leaks is high due to which fewer patients sign up for the same.

Technology Analysis

The development in technology and other scientific advancement has a lot of benefits in store for the healthcare services where collecting and recording the patient’s data holds foremost importance. The key market players are on their way towards the use of wireless technology and integrating the same with the healthcare devices that are employed in the process of data collection. The mHealth market is thus, aiming to put both the doctors and patients in a better state to treat and seek treatment.

Study Objectives

To study the scope of growth of the mHealth market after the pandemic and discussing the drivers and restraints available to the market after considering the viewpoint of the industry leaders and experts
To analyze the mHealth market segments functional in different locations across the world and also have an idea about the companies that provide similar services to the potential clients
To understand the potential of the market by analyzing the competitive degree prevailing and also considering the steps undertaken by the players towards global growth by the end of the forecast period in 2027
Segment Overview

To cater to a larger audience and expand its lane of operations, the mHealth market size has been segmented based on the devices, services, stakeholders, applications, along with the global regions. The sub-segmentation is as follows:

Device

Based on the devices, the mHealth market has devices like blood glucose meters, cardiac, neurological, and BP monitors, along with others like wearable fitness sensor devices, and heartbeat meters amongst others. These are both being demanded by the healthcare professionals and patients and further, produced by the key market players in various regions.

Service

The services that are offered through the mHealth market are prevention services, alongside others like monitoring and diagnostics, treatment, surgeries, wellness, and strengthening solutions for healthcare systems.

Stakeholders

The stakeholder segment of the mHealth market includes mobile operators, healthcare service providers, content players, and device vendors.

Application

The application segment of the mHealth market includes diseases like cardiovascular diseases, respiratory issues, diabetes, and neurological issues amongst others. The patients who suffer from these have a higher risk and thus, medical condition information and reports are a must to be collected.

Regional Analysis

As per the mHealth market trends, the North American market enjoyed a major share in the market in 2019, and there is a similar expectation by the end of the forecast period in 2022. The main reason behind this is that the region is witnessing major growth in the rise of the population that is suffering from problems like diabetes, cardiovascular issues, and BP problems. Hence, to help the patients, the key market players in this region are focusing on the development of mobile health devices and services. The patients are thus, demanding the same which is staggering an excellent growth in the global mHealth market.

The fastest-growing region as per the prediction is the APAC region. The key market players that are functional in this region are focusing on creating and raising awareness related to mobile healthcare services and devices for the patients having major issues and need to visit the hospitals now and then.

Competitive Landscape

The mHealth market value is largely dependent on the efforts for growth, mergers, and acquisitions, to enhance their product lane, services, and global presence. Also, the growth opportunities and strategies by the market players have a role to play in determining the market valuation by the end of the forecast period in 2022. The prominent players of the market are as follows:

Bayer healthcare
Medtronic plc
Samsung Group
Sanofi
Omron Corporation
Boston Scientific Corporation
Johnson and Johnson
Koninklijke Philips N.V.
Masimo Corporation
Dexcom
Recent Developments

There is a rise in patients suffering from diabetes in the APAC region which is staggering for the demand for mobile devices and services. This is one of the major reasons due to which the APAC region is expected to experience the fastest growth amongst others in competition.
The developing economies that offer mHealth solutions and services are aiming toward giving tough competition globally during the current forecast period ending in 2022. They are opting to adopt lucrative offers and opportunities that will help them to expand their scale of operations.
The Middle East and African countries are open to mergers and acquisitions that will provide them with an opportunity to aware their population about the mHealth services and also make use of these solutions for curating a good, reliable, and qualitative healthcare system.
The North American players are largely focusing on the development of innovative devices and solutions that will push their target audience to invest and demand these devices on a global scale.
Intended Audience

Mobile operators and vendors
Device vendors
Application enthusiasts
Content players
Healthcare service providers and other staff
Patients
Report Overview

The global mhealth market report discusses the impact of the pandemic on the market operations and depicts the dynamics like growth drivers and restraints on the way. The report considers the viewpoint of the industry experts and market leaders to procure the market insights that help in portraying a clear picture of the market for the forecast period ending in 2022. The report aims to help the investors and experts make better decisions and hence, the report discusses the market segmentation and their potential to meet the demand in the global regions they are currently functional in. Through the report, the aim is to study the competition prevailing in the market and for the same, the growth strategies by the market players are analyzed and the recent developments of the market for a global presence are also discussed.

https://www.marketresearchfuture.com/reports/mobile-health-market-1816