The global “mHealth market” size is expected to reach USD 293.29 billion by 2026, exhibiting a CAGR of 29.1% during the forecast period. The increasing penetration of smartphones and smart devices will boost the mHealth market trends during the forecast period. According to Pew Research Center’s first survey of smartphone ownership conducted in 2011, 96% of Americans own a cell phone. Out of which ,81% of the American use smartphones. While roughly three-quarters of U.S. adults own desktop or laptop computers, furthermore, the launch of technologically advanced smartphones and wearable devices will consequently aid the mHealth market share, sates our lead analysts at Fortune Business Insights. For instance, OnePlus launched a new concept phone, the OnePlus Concept One McLaren Edition has various features including electrochromic glass technology. In addition, Fitbit CEO James said in a statement, “We see ourselves evenly split between being a consumer company and being a health company.”
According to the report, published by Fortune Business Insights in a report, titled “mHealth Market Size, Share & Industry Analysis, By Category (By Apps {Disease & Treatment Management, Wellness Management}, By Wearable {Body & Temperature Monitors, Sleep Trackers, Fitness Trackers, Glucose Monitors, BP Monitors, Cardiac Monitors}) By Services Type (Monitoring Services, Fitness & Wellness Solutions, Diagnostic Services, Treatment Services) By Service Provider (mHealth App Companies, Pharmaceutical Companies, Hospitals, Health Insurance) and Regional Forecast, 2019-2026” the market size stood at USD 34.28 billion in 2018. The mHealth market report implements a PESTEL study and SWOT analysis to reveal the stability, restrictions, openings, and threats in the smart building market. Combined with the market analysis proficiencies and data integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and merchandise segments. Moreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems. Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers.
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| North America | United States, Canada and Mexico |
| Europe | Germany, UK, France, Italy, Russia and Turkey etc. |
| Asia-Pacific | China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc. |
| South America | Brazil, Argentina, Columbia etc. |
| Middle East & Africa | Saudi Arabia, UAE, Egypt, Nigeria and South Africa |
Emergence of Fitbit will Exemplify Its Predomination
Fitbit, Apple Inc. and DEXCOM are some of the key players operating in the market. The launch of groundbreaking health wearables bands by Fitbit will spur competition among other key players. For instance, in March 2019, Fitbit announced the launch of four new smart wearables called Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire and Fitbit Ace 2. The launch of these novel products is expected to attract more customers, thereby generating more revenue.
Major MHealth Market Key players covered in the report include:
- Bayer MHealth
- Medtronic
- Apple
- AirStrip
- AliveCor, Inc.
- BioTelemetry Inc.
- athenahealth
- AgaMatrix
- LifeWatch Services, Inc.
- Philips
- iHealth
- AT&T
- Omron Healthcare, Inc.
- Qualcomm Technologies
- Cerner Corporation
- Nokia
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