MHealth App Market Is Predicted To Grow At A 44.2% CAGR from 2014 to 2025: Grand View Research, Inc.
The global mHealth market is expected to reach USD 111.8
billion by 2025, growing at a CAGR of 44.2%, according to a new report by Grand
View Research, Inc. The need to reduce long waiting periods in order to access
health care facilities from specialists is the primary driver responsible for
the adoption of mHealth.
The availability of applications
for consumers are continuing to grow rapidly, especially healthcare apps. These
applications assist users in self-management of wellness, disease and chronic
abnormalities. This has led to the patient - playing an important and active
role in staying informed and updated on their own healthcare decisions,
contributing to the rise in adoption of mHealth apps globally.
Healthcare is gradually
transitioning towards a precision-based model, better known as a “personalized
medicine” model. mHealth is becoming a widespread trend due to the introduction
of technologies such as EMR, remote monitoring, and other communication
platforms.
mHealth leverages the 4Ps of
healthcare delivery, that is personalized, predictive, participatory, and
preventive, to ensure delivery of optimal care to its users. In addition,
growing penetration of smartphones, especially in low- & middle-income
countries and growing focus on utilizing mobile technology to leverage
healthcare delivery and ensure a population health plan is anticipated to
benefit the market.
U.S. mHealth apps market, by
type, 2014 - 2025 (USD Million)
Browse full research report on
mHealth App Market: http://www.grandviewresearch.com/industry-analysis/mhealth-app-market
Further key findings from
the report suggest:
- North America
accounted for the largest market share owing to its focus toward
implementing a successful population health strategy, to reduce healthcare
costs
- Fitness apps
account for the largest market share among other mHealth app categories
- mHealth app
vendors are focusing their attention on women's health, diet, and
medication reminders. According to Wired, a mobile advertising and
analytics platform, women are more inclined toward tracking their health
than men
- Physicians
are increasingly recommending usage of mHealth apps to their patients,
which is likely to increase the adoption rate of mHealth apps
- Some of the
major market participants in the mHealth apps market are Abbott
Laboratories; Johnson & Johnson; AstraZeneca; F. Hoffmann-La Roche AG;
Novartis AG; Bristol-Myers Squibb Company; GlaxoSmithKline plc; Merck and
Co., Inc.; Pfizer; and Sanofi.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-mhealth-app-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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