MHealth Solutions Market to Grow at a CAGR of 26.8% During the Forecast Period 2020-2025

October 7, 2020
Blessy

mHealth Solutions Market size is estimated to be $43.1 billion in 2019, growing at a CAGR of 26.8% during the forecast period 2020-2025. Rising population along with increasing adoption of smart phones and tablets coupled with healthcare apps, the rise in the prevalence of chronic disease is a major factor driving the mHealth Solutions Market during the forecast period 2020-2025.Futhermore, mHealth is a medical and public health practice supported by mobile devices such as cell phones, patient monitoring devices, personal digital assistants and other devices.

Key Takeaways

Vital Signs Monitoring Devices dominated the mHealth Solutions Market owing to the increase in the number of diabetes patients around the world and their preference to adopt different types of treatment is driving the demand of mHealth Solutions Market.

The healthcare apps accounted for the largest market share in 2019 owing to the increasing numbers of patients around the world and innovations in mobile apps.

North America dominated the Digital Therapeutics Market in 2019 owing to the presence of major players in that region.

Increase in the adoption of Smartphone’s coupled with healthcare apps is a major factor driving the mHealth Solutions Market during the forecast period 2020-2025.

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Drivers –mHealth Solutions Market

Increase in the adoption of smart phones

Increase In The Number Of Diabetes Patients

mHealth Solutions Market Industry Outlook: mHealth Solutions Market top 10 companies are Medtronic plc, Philips Healthcare, iHealth Labs Inc, AirStrip Technologies, Omron Corporation, Cerner Corporation, Agamatrix Inc, Nike Inc, Athenahealth Inc and AT &T, Inc.

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