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mHealth Market size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023

mHealth market size was estimated at over USD 4.8 billion in 2015 and it is anticipated to exceed USD 60 billion by 2023 growing at a CAGR of over 30% from 2016 to 2023. Rising awareness regarding preventative medication is expected to drive the industry growth.

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mHealth Market size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023

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  1. mHealthMarket size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023 Fuel Cell Market size worth $25.5bn by 2024

  2. Regional Analysis of mHealth Market: • North America mHealth market accumulated around 30% of the overall industry share in 2014. The spur in the region can be attributed to flourishing number of live health and pilot projects in the U.S. and Canada. Increasing number of health and wellness apps coupled with rising smartphones adoption among the population is expected to drive the region over the forecast period. • Asia Pacific mHealth market size is anticipated to witness significant growth due to increasing rural population. In addition, lack of medical practitioners in the region is likely to open new avenues for profit generation. Developed countries such as Japan, Singapore, South Korea and Australia are anticipated to furnish numerous growth opportunities owing to rising per user expenditure.

  3. Application Analysis of mHealth Market : • Increasing implementation of mobile and wireless technologies helps to generate data base on individual’s daily environment, biology as well as physiology. Growing proliferation of chronic diseases namely diabetes, cancer and heart ailments is expected to fuel the industry demand over the forecast period. Advent on technology such as 3G and 4G LTE network services aids in high speed data transfers and video calling features which further facilitates swift telemedicine service delivery. • One way data application facilitates the flow of information from physician or healthcare practitioner to patients with the help of SMS and educative methodology. Increasing healthcare spending owing to affordability accompanied by availability of healthcare services might pose a challenge to the mHealth market growth. • The mHealth market can be segmented on the basis of service, connected devices and participants. Based on service the industry can be segregated into diagnosis services, healthcare system strengthening services and monitoring services. Healthcare systems strengthening can be further segmented into emergency response, healthcare practitioners support and healthcare surveillance and administration.

  4. Competitive Market Share of mHealth Market : • Key industry participants occupying major mHealth market share include AT&T, Vodafone, Allscripts Healthcare Solutions, mQure, Apple Inc. • Samsung Electronics Corporation, Omron HealthCare Inc., Philips healthcare, Bayer Healthcare, Cardionet Inc. • LifeWatch, Masimo Corporation, Boston Scientific, Sanofie, and Qualcomm Inc.

  5. Browse Full Market Research Report On mHealth Market @ https://www.gminsights.com/industry-analysis/mhealth-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/286 Gaming Console Market

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