mHealth Solutions Market Overview:
The global mHealth Solutions Market generated $89.88 billion revenue by 2022 and is predicted to observe a tremendous growth, with a CAGR of 33.1%, during the forecast period 2017 to 2022.
Growing government support for digital health solutions, innovative and advanced applications of mHealth technologies, and increasing use of smart phones and tablets are the major factors responsible for notable growth of the market.
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mHealth Solutions Market Drivers and Restraints:
Apart from the increasing penetration of smart phones and tablet users, growing need for remote patient monitoring services, recent launch of new applications of mHealth technologies, and increasing demand for healthcare information systems are the factors driving the growth of the global digital health market. Also, factors such as the advent of advanced connectivity and network technologies, robust penetration of 3G and 4G networks to provide uninterrupted healthcare services, and rising focus on patient-centric healthcare are expected to drive the growth of the mHealth solutions market during the forecast period. As the telecommunication technology is advancing over the period of time, people are adopting the latest mobile applications in the healthcare sector. Furthermore, remote patient monitoring has led to increase in the use of wireless devices for routine tasks at the patient’s home. Another factor driving the growth of the digital health market is the increasing adoption of e-ICU models in the healthcare industry. This model allows specialized doctors in remote locations to monitor patients using two-way cameras, high speed internet, and connected devices. Thus, growing geriatric population, increasing prevalence of chronic diseases, and lack of primary healthcare facilities in emerging nations have boosted the demand for remote patient monitoring services globally, which supports the demand for various digital health solutions.
mHealth Solutions Market Geographical Segmentation:
The mHealth solutions market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America would hold the largest share of the global market throughout the analysis period owing to its advanced healthcare infrastructure and favorable government reimbursements.
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Key Players of mHealth Solutions Market:
Some of the key players in the mHealth solutions industry are Qualcomm Incorporated, Cerner Corporation, eClinicalWorks LLC, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, athenahealth Inc., General Electric Company, and AT&T Inc.
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