mHealth Market 2023 - Worldwide Top Players Analysis, Demand and Trends in 2019

According to P&S Intelligence, mHealth market is projected to attain a size of $132.2 billion by 2023. The market is mainly driven by increasing penetration of smartphones, tablets and other mobile platform; increasing utilization of connected medical devices and mHealth application; and increasing healthcare cost. In addition to this growing geriatric population, rising demand for patient monitoring services and rising focus on patient-centric healthcare service also support the growth of the market.

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Geographically, during the historical period, North America held the largest share in the mHealth market, with 37.8% in 2017. This leading position of the regional market is mainly due to the increasing healthcare spending, growing geriatric population, rising prevalence of chronic and lifestyle associated disease and improving consumer accessibility to connected medical devices. Increasing aging population with chronic diseases further add to the demand of remote monitoring devices and different mobile health applications.

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The major players in the mHealth industry are acquiring related business unit of the other companies for introducing new digital health solutions. For instance, in July 2017, BioTelemetry Inc., acquired LifeWatch AG, a healthcare technology and solutions company, specialized in advanced digital health systems and wireless remote diagnostics patient monitoring services. The acquisition was aimed at strengthening BioTelemetry’s market position in remote cardiac monitoring and diagnostic services.

Some of the other key players in the mHealth market are Medtronic plc, Koninklijke Philips N.V., OMRON Corporation, Johnson & Johnson, athenahealth Inc., Cisco Systems Inc., iHealth Labs Inc., AliveCor Inc., AgaMatrix Inc., and AirStrip Technologies Inc.

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MHEALTH MARKET SEGMENTATION
Market Segmentation by Offering
• Connected devices
o Blood pressure monitors
o Blood glucose monitors
o ECG monitors
o Multiparameter monitors
o Pulse oximeters
o Sleep apnea monitors
o Others
• Services
o Preventive services
o Diagnosis and consulting
o Treatment services
o Healthcare system strengthening services
o Fitness and wellness services
o Remote monitoring
• mHealth apps
o Healthcare apps
 General health and fitness apps
 Health tracking
 Obesity and weight management
 Fitness and nutrition
 Chronic care management apps
 Mental health and behavioral disorder
 Diabetes management
 Blood pressure and ECG management
 Cancer management
 Others
 Medication management apps
 Women health apps
 Pregnancy
 Fertility
 Breastfeeding
 Others
 Personal health record apps
 Others
o Medical apps
 Medical reference
 Diagnostic
 Alert and awareness
 Continuing medical education
 Others
Market Segmentation by Stakeholder
• Mobile operators
• Device vendors
• Application/content players
• Healthcare providers
Market Segmentation by Geography
• North America mHealth market
o By offering
o By stakeholder
o By country
 U.S. mHealth market
 By offering
 By stakeholder
 Canada mHealth market
 By offering
 By stakeholder
• Europe mHealth market
o By offering
o By stakeholder
o By country – Germany, U.K., Italy, France, Spain, and Rest of Europe
• Asia-Pacific (APAC) mHealth market
o By offering
o By stakeholder
o By country – Japan, China, India, Australia, and Rest of APAC
• Latin America (LATAM) mHealth market
o By offering
o By stakeholder
o By country – Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) mHealth market
o By offering
o By stakeholder
o By country – Saudi Arabia, South Africa, and Rest of MEA

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