mHealth Market Size Worth $151.57 Billion by 2025 | CAGR: 25.7%: Grand View Research, Inc.

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Jan 10, 2019, 07:05 ET

SAN FRANCISCO, January 10, 2019 /PRNewswire/ --

The global mHealth market size is expected to reach USD 151.57 billion by 2025, progressing at a CAGR 25.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by growing geriatric population, rising prevalence of chronic diseases, and increasing penetration of smartphones and internet connections. Technological advancements are leading to product innovations in the area of mHealth, which in turn will bode well for the market.

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Growing inclination towards preventive healthcare and subsequently rising subscription to mHealth apps have been working in favor of the market. mHealth apps exhibit several features that offer healthcare benefits to healthcare providers as well as patients. mHealth apps provide accessibility to health related information. mHealth apps also ensure continuous communication between patients and providers, thereby allowing providers to diagnose, recommend, and monitor patients without even seeing them in person.

Adoption of smartphones with subscription to mHealth apps among adult population in the U.S. is rising in order to maintain routine check. For instance, according to a paper published in NCBI in February 2016, around 91.0% of adult population in the U.S. own a mobile phone, with 61.0% of them possessing smartphones.

Browse full research report with TOC on "mHealth Market Analysis Report By Participants (Mobile Operators, Device Vendors, Healthcare Providers), By Service (Diagnosis, Monitoring, Healthcare Systems), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/mhealth-market

Further Key Findings From the Report Suggest:

In 2017, monitoring services held the largest revenue share owing to growing adoption of mhealth solutions for monitoring health conditions such as diabetes
The healthcare system strengthening services segment is likely to register the highest CAGR of 27.7% over the forecast period
Healthcare providers will be the most promising participant segment during the forecast period, mainly due to adoption of digital technology by healthcare facilities in order to optimize care management process
In 2017, Europe accounted for the largest revenue share in the market owing to rising research initiatives in the area of mHealth
Key players in this space include Apple Inc.; AT&T; Airstrip Technologies; Allscripts Healthcare Solutions; Google Inc; Orange; Soft Serve; mQure; and Samsung Electronics.

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Browse related reports by Grand View Research:

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Healthcare Satellite Connectivity Market - The global healthcare satellite connectivity market size was valued at USD 5.1 billion in 2016 and is projected to grow with CAGR of 7.1% during the forecast period.

Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market - The global Augmented Reality (AR) & Virtual Reality (VR) in healthcare market size was valued at USD 568.7 million in 2016 and is projected to grow at a CAGR of 29.1% during the forecast period.

Grand View Research has segmented the global mHealth market on the basis of services, participants and region:

mHealth Services Outlook (Revenue, USD Million, 2014 - 2025)
- Monitoring services
  - Independent aging solutions
  - Chronic disease management and post-acute care services
- Diagnosis services
- Healthcare systems strengthening services
- Others
mHealth Participants Outlook (Revenue, USD Million, 2014 - 2025)
- Mobile operators
- Device vendors
- Content players
- Healthcare providers
mHealth Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
  - U.S.
  - Canada
- Europe
  - U.K.
  - Germany
- Asia Pacific
  - China
  - Japan
- Latin America
  - Brazil
  - Mexico
- Middle East & Africa
  - South Africa

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About Grand View Research

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]

Web: https://www.grandviewresearch.com

SOURCE Grand View Research, Inc.