Global mHealth Market- Trends, Price, Share and Growth Rate from 2020 to 2026
The Infinium Global Research analyzes the mHealth Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global mhealth market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of mhealth. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the mhealth market during the period. The global mHealth market is projected to grow at a CAGR of 23.05% over the forecast period of 2020-2026.
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Affordability of Smartphones and the Rise in the Adoption of mHealth among Medical Professionals Boost Mobile Health Market Growth
The key factors which are responsible for the growth of the global mHealth market involves the integration of wireless technologies with portable healthcare devices, a rise in the prevalence of lifestyle disorders, favorable government initiatives, and technological innovations. Moreover, the affordability of smartphones and the rise in the adoption of mHealth among medical professionals boost mobile health market growth. Increasing the penetration rate of the phone across the globe is one of the key factors propelling mHealth market growth. Many people have more than one smartphone, cell phone, or tablet.
For example, the center for Technology Innovation stated that China and India represent the areas with the largest number of mobile devices. Growing usage of smartphones will enable the population to access several healthcare-related services through wireless multimedia, thus fostering the adoption of mHealth services. On the other hand, factors such as data security concerns and poor network coverage can hinder the growth of the market.
Furthermore, the high incidence and infectious nature of the novel COIVD-19 virus has infected a large number of frontline healthcare providers resulting in a substantial shortage of doctors and nurses. Moreover, owing to infrastructural challenges such as limited number of beds in quarantine facilities, a large patient pool with mild symptoms are home quarantined. To monitor these enormous patient inhabitants with restricted healthcare staff, numerous hospitals are adopting digital health solutions, which is relatively evident in recent market movements. With Covid-19 infections increasing internationally, the anxiety regarding a shortage of essential life-saving devices and other essential medical supplies in order to inhibit the spread of this pandemic and provide optimum care to the infected also widen.
Furthermore, several governments, companies, and citizens movements have developed mHealth initiatives to keep the population informed and help manage the COVID-19 pandemic. Several new applications are also expected to be launched in the market complemented by the increasing efforts of the country governments to contain the spread of the virus. All these developments are predicted to boost the market over the long term.
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Major Highlights of this Premium Report
- Report Description
- Research Methods
- Research Approaches
- mHealth Market Highlights
- mHealth Market Projection
- mHealth Market Regional Highlights
Global mHealth Market Overview
- Market Dynamics
- Analysis of COVID-19 impact on the mHealth Market
- Porter’s Five Forces Analysis
- IGR-Growth Matrix Analysis
- Value Chain Analysis of mHealth Market
mHealth Market Macro Indicator Analysis
Global mHealth Market by Category
Global mHealth Market by Service Type
- Monitoring Services
- Diagnostic Services
- Treatment Services
Global mHealth Market by Service Provider
- mHealth App Companies
- Health Insurance
Global mHealth Market by Region 2020-2026
- North America
Company Profiles and Competitive Landscape
- Apple Inc.
- Allscripts Healthcare Solutions
- Orange S.A
- Google Inc.
- AirStrip Technologies
- Qualcomm Inc.
- Vodafone Group
- Samsung Electronics
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