Pune, India, Jan. 20, 2022 (GLOBE NEWSWIRE) --
As per a recent industry report put forward by Graphical Research, the North America mHealth market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 113 billion by 2026.
With the ubiquity of mobile phones influencing almost every aspect of human life, mHealth has emerged as a popular new tool for ensuring physical and emotional wellbeing of individuals across the globe.
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The following top four trends have been aiding the market outlook:
Driven by popularity, mobile apps to remain aloft during and after the pandemic
Based on platform, the mobile apps segment held the largest portion in the North America mHealth market in 2019, accounting for nearly 69% of the total revenue. The escalating popularity of mobile-based health apps is responsible for the remarkable growth of this segment. Over the upcoming years, mHealth mobile apps are likely to retain their widescale usage due to the fast multiplication of digital audiences using apps for tracking and pursuing their goals related to fitness, sports, and wellbeing. This is expected to fuel the advancement of the market size through the forecast timeframe.
Disease and epidemic outbreak segment to exhibit rapid growth
With the onset of the COVID-19 pandemic, the need for contactless consultations has resulted in an uptick in the number of new users of mHealth. A recent study conducted by the Spaulding Rehabilitation Hospital’s Motion Analysis Lab suggests that mHealth technologies possess the potential for mitigating COVID-19 as well as future pandemics. Use of mHealth is an ideal alternative in the monitoring of patients diagnosed with COVID-19 and other diseases as it can predict escalation of symptoms, enabling earlier intervention, significantly boosting the outcome.
This can be one of the primary growth drivers of the North America mHealth market, since the disease and epidemic outbreak segment is expected to contribute a handsome amount toward the total market revenue by 2026.
Physicians to claim foremost position among end-users due to real-time access
The major end-user segments of the North America mHealth market are patients, physicians, government, research centers, pharmacies, and insurance companies among others. The physicians segment is anticipated to shoot up rapidly, thanks to the need of the hour for remote monitoring of patients and offering consultation services through mobile applications. In 2019, the segment held a share of more than 30% of the total market share. Real-time access to patients has been inducing physicians to utilize mHealth apps for diagnosing and treating patients conveniently via mobile apps.
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US to lead the regionally due to development of advanced healthcare IT infrastructure
In 2019, the US collected a whopping revenue of about $10 billion, and is projected to keep growing at a consistent rate over the forthcoming timeline as well. The advanced healthcare IT infrastructure in the region is pushing the demand for mHealth. Moreover, as the nation has registered the highest number of COVID-19 cases, the North America mHealth market is expected to further witness an upsurge as patients, healthcare practitioners, and healthcare centers have been embracing the mHealth technologies during the global crisis to reduce costs, improve quality care, and maintain physical distancing.
COVID-19 has been instrumental in accelerating the growth of the market size, since even after the end of the pandemic, mHealth will continue to gain momentum owing to the long-term structural changes across the healthcare industry.
Browse Related Report:
Europe mHealth Market Size By Platform (Mobile Apps {Wellness Management [Diet and Nutrition, Lifestyle and Stress, Exercise and Fitness], Health Condition Management [Disease Specific, Medication Reminders, Women’s Health and Pregnancy, Healthcare Providers/Insurance]}, Wearable Devices {Fitness Devices, Blood Glucose Monitors, Cardiac Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors}), By Application (Communication and Training, Education and Awareness, Diagnostics and Treatment, Disease and Epidemic Outbreak Tracking, Remote Data Collection, Remote Monitoring), By End-use (Physicians, Patients, Insurance Companies, Research Centers, Pharmacies, Biopharmaceutical Companies, Government, Tech Companies) Industry Analysis Report, Regional Outlook (Germany, UK, France, Spain, Italy, Russia, Poland, Denmark, Netherlands, Turkey, Switzerland, Sweden, Austria, Belgium, Norway, Ireland), Application Potential, Competitive Market Share & Forecast, 2020 – 2026
https://www.graphicalresearch.com/industry-insights/1452/europe-mhealth-market
Asia Pacific mHealth Market Size By End-use (Physicians, Patients, Insurance Companies, Research Centers, Pharmacies, Biopharmaceutical Companies, Government, Tech Companies), By Platform (Mobile Apps {Wellness Management [Diet and Nutrition, Lifestyle and Stress, Exercise and Fitness], Health Condition Management [Disease Specific, Medication Reminders, Women’s Health and Pregnancy, Healthcare Providers/Insurance]}, Wearable Devices {Fitness Devices, Blood Glucose Monitors, Cardiac Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors}), By Application (Communication and Training, Education and Awareness, Diagnostics and Treatment, Disease and Epidemic Outbreak Tracking, Remote Data Collection, Remote Monitoring), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, South Korea, Singapore, New Zealand, Indonesia, Thailand), Application Potential, Competitive Market Share & Forecast, 2020– 2026
https://www.graphicalresearch.com/industry-insights/1451/asia-pacific-mhealth-market
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
