PUBLISHER: The Business Research Company | PRODUCT CODE: 1392781
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392781
“Mobile Healthcare Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mobile healthcare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobile healthcare? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mobile healthcare market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Mobile healthcare, a subset of electronic health, refers to the practice of public and medical health supported by mobile devices. Healthcare devices play a crucial role in collecting and storing patient information, enabling accurate results that aid in the diagnosis and treatment of various medical conditions.
The main types of mobile healthcare devices encompass blood glucose monitors, cardiac monitors, hemodynamic monitors, neurological monitors, respiratory monitors, body and temperature monitors, as well as remote patient monitoring devices, and others. For instance, blood glucose monitors are small, portable machines used to measure blood sugar levels. Mobile healthcare services span various categories, including treatment services, diagnostic services, monitoring services, wellness and fitness solutions, and others. The stakeholders involved in mobile healthcare comprise mobile operators, healthcare providers, application and content players, and other contributors to the ecosystem.
The mobile healthcare market research report is one of a series of new reports from The Business Research Company that provides mobile healthcare market statistics, including mobile healthcare industry global market size, regional shares, competitors with mobile healthcare market share, detailed mobile healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the mobile healthcare industry. This mobile healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mobile healthcare market size has grown exponentially in recent years. It will grow from $105. 73 billion in 2023 to $137. 12 billion in 2024 at a compound annual growth rate (CAGR) of 29. 7%. The growth observed in the historical period can be attributed to factors such as patient engagement initiatives, regulatory support, the expansion of telehealth services, and the development of health information exchange systems.
The mobile healthcare market size is expected to see exponential growth in the next few years. It will grow to $380. 8 billion in 2028 at a compound annual growth rate (CAGR) of 29. 1%. The anticipated growth in the forecast period can be attributed to factors such as the tracking of social determinants of health, integration with telemedicine platforms, a focus on health equity, advancements in pharmacy and medication management, and responses to global health crises. Major trends expected in the forecast period include the increased adoption of telehealth services, integration with wearable technology, a heightened focus on chronic disease management, efforts towards interoperability and data security, collaborations with pharmaceutical companies, and changes in the regulatory landscape.
The rise in the incidence of chronic diseases globally is a significant factor contributing to the expansion of the mobile healthcare market. For instance, one in every three adults worldwide is affected by multiple chronic conditions, with prevalence rates varying across studies, such as 16% to 58% in the UK, 26% in the US, and 9. 4% in urban South Asians. Hence, the increasing prevalence of chronic diseases on a global scale is fueling the growth of the mobile healthcare market.
The surge in telehealth and telemedicine is anticipated to drive the growth of the mobile healthcare market in the future. Telehealth involves the use of telecommunications technology to deliver various healthcare services and information remotely, while telemedicine specifically encompasses remote clinical consultations and healthcare delivery. Leveraging mobile technologies, telehealth and telemedicine provide remote healthcare services, enhancing accessibility and convenience for patients. Mobile healthcare apps and platforms are seamlessly integrated with telehealth services, enabling healthcare providers to access patient data and records during virtual consultations. For example, according to the Centers for Disease Control and Prevention in October 2022, telemedicine was utilized by 37. 0% of adults in the preceding 12 months. Therefore, the increasing adoption of telehealth and telemedicine is propelling the growth of the mobile healthcare market.
Major companies in the mobile healthcare market are investing in cloud-based healthcare solutions to gain a competitive advantage. Cloud-based healthcare systems utilize cloud computing technologies and services to store, manage, access, and analyze healthcare-related data, information, and applications. In June 2021, Mobile Heartbeat, a US-based clinical software company, introduced Banyan, a cloud-based communication platform specifically designed for healthcare providers. This platform, built on Microsoft Azure, offers modular applications for healthcare enterprises, ensuring flexibility, scalability, and secure communication tools that adapt to diverse healthcare environments, thereby enhancing real-time communication and collaboration.
Leading companies in the mobile healthcare market are also developing teleconsultation solutions to enhance their competitive position. Teleconsultation, synonymous with telemedicine or telehealth consultation, involves delivering medical or healthcare services remotely using telecommunication technologies. For example, China Mobile, in collaboration with health tech company Heals Healthcare, launched the Dr. HK mobile health app for teleconsultations in Hong Kong in May 2022. This app provides a range of online and offline health services, including access to electronic health records, online outpatient clinic appointments, video consultations, and medicine delivery. The app allows users to check real-time clinic queues and opening times, facilitating access to suitable healthcare services.
In February 2021, Philips, a Dutch multinational health technology company, acquired BioTelemetry Inc. for an undisclosed amount. This strategic acquisition aligns with Philips' leading position in patient monitoring within hospitals and BioTelemetry's expertise in remote cardiac diagnostics and monitoring services outside the hospital setting.
Major companies operating in the in the mobile healthcare market report are Apple Inc., Koninklijke Philips N. V., Omron Corporation, athenahealth Inc., iHealth Labs Inc., AT&T Inc., Samsung Electronics Co. Ltd., Vodafone Group Plc, Dexcom Inc., Masimo Corporation, Qualcomm Technologies Inc., AliveCor Inc., Nike Inc., BioTelemetry Inc., AgaMatrix Inc., Withings S. A., Telefonica S. A., SoftServe Inc., Google LLC, Teladoc Health Inc., Amwell Inc., Doctor on Demand Inc., Livongo Health Inc., Omada Health Inc., Ginger. io Inc., Hims & Hers Health Inc., Lemonaid Health Inc., K Health Inc., 98point6 Inc., HealthTap Inc., Zocdoc Inc., Carbon Health Inc., One Medical Group Inc., Forward Health Inc., Cityblock Health Inc., Iora Health Inc., Oak Street Health Inc., ChenMed LLC, VillageMD LLC, DispatchHealth Inc., Ready Inc., Medici Technologies Inc., MediciNova Inc.
North America was the largest region in the mobile healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mobile healthcare market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The mobile healthcare market includes revenues earned by entities by helping users track their biorhythms, monitor sleep, calories, diet, well-being and allowing users to place an order and then have the needed medication delivered. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.