Selbyville, Delaware, Nov. 17, 2020 (GLOBE NEWSWIRE) -- According to seasoned experts, North America mHealth market is projected to exceed a valuation of USD 113 billion by the year 2026. Proliferation of mobile devices, rising penetration of internet, growing presence of healthcare-focused wearable device manufacturers especially in the U.S., and adoption of e-prescription systems are major driving forces of the industry.
Further, the research document is segregated into several sections, including platform type, application scope, end-user scope, regional bifurcation, and competitive landscape, in order to simplify the comprehension of overall market size. Additionally, it takes into consideration the impact of Covid-19 and its after-effects to aid industry parkers in effective decision-making.
Further, increasing necessity for patient monitoring services owing to mounting burden of chronic diseases, and rapidly spreading coronavirus infection has bolstered the demand for mHealth solutions across North America. In fact, nearly 2,000 healthcare providers in San Francisco are currently using mHealth wearables with temperature monitoring feature to identify people infected with coronavirus.
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Despite the positive outlook of mHealth market in North America, factors such as concerns pertaining to efficacy of certain devices, low technological awareness, and complications regarding data privacy & security are obstructing the industry expansion.
Platform type review:
Mobile apps segment garnered a valuation of USD 7,877.2 million and generated majority of North America mHealth market revenue in 2019. High utilization of smartphones and healthcare apps along with rising cases of long-term diseases, and increasing health consciousness among people are contributing to the segment growth.
Application scope:
Disease and epidemic outbreak tracking application of North America mHealth industry is projected to register a CAGR of 41% during the analysis period. Rising prevalence of diabetes and obesity, particularly in the U.S., coupled with growing adoption of online diagnostic and consultation tools for diseases amid the Covid-19 pandemic are enhancing the segmental share.
End-user overview:
According to trusted records, North America mHealth market size from physicians segment was worth USD 3,431.1 million and held the largest revenue share in 2019. Rising digitalization in healthcare settings and increasing medical expenditure will continue drive the segment growth over the projected timeline.
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Regional outlook:
On the geographical front, Canada mHealth industry accounted a sizeable revenue share in 2019 and is predicted to register 42.8% CAGR during 2020-2026. Increased pervasiveness of chronic diseases like hypertension, obesity, and CVDs, along with easy accessibility to mHealth devices & services, favorable government initiatives, strong presence of mHealth providers, and ongoing R&D activities are contributing to regional industry growth.
North America mHealth Market Platform Type Sub-Segments (Revenue, USD Million, 2015-2026)
Mobile Apps
Wellness Management
- Lifestyle and Stress
- Diet and Nutrition
- Exercise and Fitness
Health Condition Management
- Medication Reminders
- Disease Specific
- Healthcare Providers/Insurance
- Women’s Health and Pregnancy
Wearable Devices
- Blood Glucose Monitors
- Fitness Devices
- Neurological Monitors
- Cardiac Monitors
- Body & Temperature Monitors
- Respiratory Monitors
- Others
North America mHealth Market Application Spectrum (Revenue, USD Million, 2015-2026)
- Education and Awareness
- Communication and Training
- Disease and Epidemic Outbreak Tracking
- Diagnostics and Treatment
- Remote Monitoring
- Remote Data Collection
- Others
North America mHealth Market End-User Scope (Revenue, USD Million, 2015-2026)
- Patients
- Physicians
- Research Centers
- Pharmacies
- Insurance Companies
- Biopharmaceutical Companies
- Tech Companies
- Government
- Others
North America mHealth Market Geographical Fragmentation (Revenue, USD Million, 2015-2026)
- United States
- Canada
North America mHealth Market Competitive Dashboard (Revenue, USD Million, 2015-2026)
- Bayer AG
- BioTelemetry, Inc.
- AT&T, Inc.
- Qualcomm, Inc.
- Boston Scientific Corp.
- Masimo Corp.
- CardioNet, Inc.
- Philips Healthcare (Koninklijke Philips N.V.)
- Apple, Inc.
- Allscripts Healthcare Solutions, Inc.
Table of Content:
Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
Chapter 2. Executive Summary
2.1. mHealth industry 3600 synopsis, 2015 - 2026
2.1.1. Business trends
2.1.2. Platform trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. mHealth Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2026
3.3. Industry impact forces
3.3.1. Growth drivers
3.4. COVID-19 impact analysis
3.5. Regulatory Landscape
Chapter 4. North America mHealth Market Value, By Platform
4.1. Key segment trends
4.2. Mobile Apps
4.2.2. Wellness Management
4.2.2.2. Diet and Nutrition
4.2.2.2.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
4.2.2.3. Lifestyle and Stress
4.2.2.4. Exercise and Fitness
4.2.3. Health Condition Management
4.2.3.2. Disease Specific
4.2.3.3. Medication Reminders
4.2.3.4. Women's Health and Pregnancy
4.2.3.5. Healthcare Providers/Insurance
4.3. Wearable Devices
4.3.2. Fitness Devices
4.3.3. Blood Glucose Monitors
4.3.4. Cardiac Monitors
4.3.5. Neurological Monitors
4.3.6. Respiratory Monitors
4.3.7. Body & Temperature Monitors
Chapter 5. North America mHealth Market, By Application
5.1. Key segment trends
5.2. Communication and Training
5.2.1. Market estimates and forecast, by country, 2015 - 2026 (USD Million)
5.3. Education and Awareness
5.4. Diagnostics and Treatment
5.5. Disease and Epidemic Outbreak Tracking
5.6. Remote Data Collection
5.7. Remote Monitoring
Chapter 6. mHealth Market Size, By End-use
6.1. Key segment trends
6.2. Physicians
6.3. Patients
6.4. Insurance Companies
6.5. Research Centers
6.6. Pharmacies
6.7. Biopharmaceutical Companies
6.8. Government
6.9. Tech Companies
Chapter 7. North America mHealth Market Share, By Country
Related Report:
mHealth Market Size, Application Potential, Competitive Market Share & Forecast, 2019 - 2025
mHealth Market will exceed USD 289.4 billion by 2025, as per a new research report. Growing use of mobile phones along with increase in penetration of internet services will enhance the business growth over the forecast period. The mobile technology has led healthcare facilities to improve the healthcare services by providing appropriate environment to achieve necessary mHealth goals. Recent technological advancements in mobile applications will help doctors, patients in operating medical equipment and administering treatment regime, hence increasing the product demand and fueling the market growth. Germany dominated the Europe mHealth market and was valued around USD 2,324.8 million in the year 2018. The growth in the country is attributed to aging population, increase in digitalization of society, growing prevalence of chronic diseases, increased health consciousness and fitness among the people.
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