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The mHealth apps market Over the projected period of 2022 to 2028, is expected to grow at a phenomenal rate. To begin with, the fast use of smartphones for medical purposes is causing waves in the mHealth business. In addition, the development of mobile applications for treatment and patient monitoring is expanding the mHealth market. Healthcare IT is a flourishing technology area today, with IT programmes, procedures, and systems being used to provide patient care. Large technology businesses are entering the mobile health industry because of the high success rate of technology-driven healthcare.
Type and region are two key characteristics used to segment the mHealth apps industry
The study examines the mHealth applications market in depth for the projected period of 2022 to 2028, including important trends, growth indices, and prospects.
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Market for mHealth Apps: A Competitive Analysis
Because there are so many small, mid-size, and major enterprises in the mHealth apps market, it is quite competitive. Large participants in the mHealth apps industry are focusing on product innovation and efforts to reach into untapped sectors. These companies are forming technological alliances and cooperation with other companies in order to benefit from each other’s technological and business skills. For example, Abbott Laboratories and Omada Health partnered to deliver the latter’s glucose monitoring system as a digital coaching platform for Omada Health’s type 2 diabetes patients.
Prominent players in the mHealth apps market include:
● Abbott Laboratories
● Johnson and Johnson
● F.Hoffmaa-La Roche Ltd
● Bristol-Myers Squibb Company
● Merck and Co Inc
● Sanofi
● Qualcomm Technologies Inc
● Google Alphabet Inc
● Airstrip Technologies Inc
● Apple Inc
● Astrazeneca plc
● Novartis AG
● GlaxoSmithKline plc
● Pfizer Inc
Key Trends in the mHealth Apps Market
One of the primary drivers driving the mHealth apps industry is massive expenditures by large and small technological businesses, resulting in a significant number of mobile applications for healthcare. According to Statista, in the third quarter of 2020, there were roughly 47,140 mHealth apps available on the Google Play store. This represents a huge increase from the 27, 417 mobile health apps available in the third quarter of 2015.
The Report’s Covered Segments
From 2022 through 2028, this research anticipates revenue growth at the global, regional, and country levels, as well as an analysis of the most recent industry trends in each of the sub-segments Zion Market Research. has segmented the worldwide mHealth applications market research by product type, application, and region for the purposes of this study:
Product Type Outlook
• Disease & Treatment Management
• Wellness Management
• Lifestyle Management
• Nutrition & Diet
• Women’s Health
• Medication Adherence
• Healthcare Providers/ Payors
• Others
Application Outlook
• Monitoring Services
• Fitness Solutions
• Diagnostic Services
• Treatment Services
• Education & Awareness
• Others
Aside from that, the shift in medical practises toward patient-centric approaches is predicted to encourage mHealth app uptake. Medical practitioners are increasingly turning to mobile health applications for follow-ups and remote patient monitoring due to the high success rate of remote medical care. As a result, medical experts and healthcare professionals are increasingly advising patients and support personnel to use mHealth apps. According to a poll conducted by Health IT Outcomes, 93 percent of physicians feel that mobile health apps can help improve patient outcomes.
The current COVID-19 pandemic has given the mHealth app business a new dimension. To limit the virus, patients, carers, and medical specialists heavily relied on mHealth apps for remote patient monitoring. mHealth apps were widely used for other health concerns during the pandemic, in addition to medical care for coronavirus patients. People with chronic illnesses avoided going to health facilities and hospitals for medical consultations and follow-up visits. This has greatly broadened the scope of the mHealth app market’s growth.
Regional Analysis of the mHealth Apps Market
In the recent past, North America held the top spot in the mHealth app market. In the following years, the region is predicted to continue to grow at a healthy pace. Factors like as high smartphone penetration, high-speed telecommunication networks, increased chronic disease incidence, and a growing senior population are all presenting prospects in the region’s mHealth apps market.
The 5-Step Growth Formula
The 5-point growth formula established by ZMR Research offers stakeholders and CXOs with information on the current market situation. The report’s growth formula makes it an ideal companion for stakeholders and CXOs.
The following points are included in the 5-point growth formula:
● Current and Future Threats
● Accurate Trend Analysis
● Regional Assessment
● Industrial Analogy
● COVID-19 Impact
Analogy in Industry
ZMR Research experts undertake a comprehensive examination of the market’s competitive landscape. The analysts’ insights are incorporated into the reports so that every stakeholder may see the competitive landscape and adjust their business plans accordingly.
Impact of COVID-19
The COVID-19 epidemic has altered growth forecasts for a variety of industries and businesses. After the epidemic, the analysts at ZMR Research did a thorough analysis of the markets. In the paper, the analysts have presented their bright and well-researched ideas. The stakeholders will be able to develop their approach based on the feedback.
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