Global mHealth Apps Market Projected to Reach USD 105.4 Billion by 2026

18-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “mHealth Apps Market By Type (Fitness, Lifestyle Management, Nutrition & Diet, Women's Health, Medication Adherence, Healthcare Providers/ Payors, Disease Management, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global mHealth Apps market in 2019 was approximately over USD 10 Billion. The market is expected to grow at a CAGR of over 40% and is anticipated to reach over USD 105.4Billion by 2026.

Global mHealth Apps Market Size

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mHealth is the practice of making use of smart devices to monitor and perform remote treatment on patient conditions. The mobile applications are known to improve treatments, change lifestyle, and also reduce the incidences of chronic conditions. The mHealth Apps help improve patient experience and also offer them access to health information. Thus, transparency and communication between physicians and patients are well maintained.

Browse the full “mHealth Apps Market By Type (Fitness, Lifestyle Management, Nutrition & Diet, Women's Health, Medication Adherence, Healthcare Providers/ Payors, Disease Management, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026https://www.fnfresearch.com/global-mhealth-apps-market-by-type-fitness-lifestyle-797

Market Drivers:

The growing popularity regarding mHealth Apps among the populace is the primary reason driving the global mHealth Apps market. The rising preference for instant, easy, and feasible health tracking systems helps increase the demand for mobile apps, thereby fuelling the market growth. Additionally, the demand for replacing conventional healthcare systems in the patient-care centers helps surge the adoption of mHealth apps. Furthermore, the rising use of smartphones is supporting the growth of the global mHealth Apps market. The increasing use of wearable devices such as Fitbit, Apple smartwatches, etc. helps market expand. Likewise, the increasing investments in the various startups dealing with mHealth app or device production increase the prospects of the market.

Market Segment Dominance:

Fitness is projected to dominate the global mHealth Apps market during the forecast period

The increasing use of smartphones, connected devices, and the internet has helped make tracking and managing various conditions a lot more easy for the patients. The fitness category dominated the global mHealth Apps market in 2018. The growth attributes to reducing the stigma surrounding mental illness, thereby propelling the fitness category. Additionally, free or cost-effective fitness apps and their easy availability in the app stores will help expand the mHealth Apps market in the coming years.

Regional Dominance:

North America is expected to dominate the global mHealth Apps market during the forecast period

North America holds the majority of the market share of the global mHealth Apps market during the forecast period owing to the increasing demand for population health and analytics among the health planners, payers, and providers. In addition to this, the growing use of mobile technologies for nursing and the distant treatment of chronic conditions further fuel the demand for mHealth apps in the region. The growing number of chronic diseases, demand for advanced healthcare systems, and lower healthcare costs to track health parameters further helps boost the mHealth Apps market in North America.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 10 Billion

Projected Market Size in 2026

USD 105.4 Billion

Growth Rate

CAGR 40%

Base Year

2019

Forecast Years

2020-2026

Key Market Players

AstraZeneca PLC, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Merck and Co., Inc., Novartis AG, Sanofi, Bristol-Myers Squibb Company, Johnson and Johnson, GlaxoSmithKline plc, and Pfizer, Inc and Others

Key Segment

By Type and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Market Players:

Some of the key market players of the global mHealth Apps market is segmented into AstraZeneca PLC, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Merck and Co., Inc., Novartis AG, Sanofi, Bristol-Myers Squibb Company, Johnson and Johnson, GlaxoSmithKline plc, and Pfizer, Inc.

This report segments the mHealth Apps market as follows:

Global mHealth Apps Market: By Type Segmentation Analysis

  • Fitness
  • Lifestyle Management
  • Nutrition & Diet
  • Women's Health
  • Medication Adherence
  • Healthcare Providers/ Payors
  • Disease Management
  • Others

Global mHealth Apps Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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