Mobile health solutions market to grow at a CAGR of 27.09% from 2022 to 2027 | Increasing smartphone penetration will drive growth - Technavio

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The mobile health solutions market size is estimated to grow by USD 256.69 billion from 2022 to 2027, at a CAGR of 27.09% according to Technavio. Download a Sample Report!

Mobile health solutions market insights -

• Vendors: 15+, Including Abbott Laboratories, AirStrip Technologies Inc., Apple Inc., athenahealth Inc., Boston Scientific Corp., Cisco Systems Inc., Dexcom Inc., Johnson and Johnson Services Inc., Koninklijke Philips NV, Medtronic Plc, Mobile Wellness Solutions MWS Ltd., Omada Health Inc., OMRON Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Veradigm LLC, Fitbit LLC, Nokia Corp., and WaveForm Technologies Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: End-user (Providers, Patients, and Payers), Application (Cardiovascular, Diabetes, Respiratory, and Neurology and others), and Geography (North America, Europe, Asia, and Rest of World (ROW))

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Mobile health solutions market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Abbott Laboratories, AirStrip Technologies Inc., Apple Inc., athenahealth Inc., Boston Scientific Corp., Cisco Systems Inc., Dexcom Inc., Johnson and Johnson Services Inc., Koninklijke Philips NV, Medtronic Plc, Mobile Wellness Solutions MWS Ltd., Omada Health Inc., OMRON Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Veradigm LLC, Fitbit LLC, Nokia Corp., and WaveForm Technologies Inc.

Mobile health solutions market – Market Dynamics

Major Drivers -

Increasing smartphone penetration drives the mobile health solutions market. Generally, mobile health applications are designed to provide a wide range of functionalities such as health tracking, medication reminders, appointment scheduling, virtual consultations, and access to health resources.

Furthermore, the growth can be attributed to factors such as intuitive touchscreens, easy-to-navigate menus, and the availability of multiple languages and accessibility features market smartphones inclusive and user-centric. Hence, such factors boost the growth of the mobile health solutions market during the forecast period.

Significant Trends -

Growing recent developments related to mobile health solutions is an emerging mobile health solutions market trend. Various market vendors contribute to this trend by introducing new solutions, mergers and acquisitions, and new investments to expand their market reach. In August 2022, Kaiser Permanente of the Northwest and Medical Teams International started a ground-breaking program called Kaiser Permanente Care & Connect which promotes the Mobile Health (mHealth) Solutions Market.

Similarly, in January 2023, global medical technology company Masimo and medical technology giant Royal Philips announced an expanded partnership to enhance patient monitoring capabilities in home telemedicine with the Masimo W1TM advanced health monitoring watch. Hence, such trends boost the market growth during the forecast period.

Key Challenges - 

Privacy and security concerns associated with mobile health solutions challenge the growth of the mobile health solutions market. Mobile health applications collect and transmit sensitive health data. This ensures the privacy and security of this information is of utmost importance. 

Moreover, mobile health solutions are mainly integrated with third-party platforms or devices, such as wearable fitness trackers or electronic health record systems. Hence, such challenges impede the growth of the mobile health solutions market during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The mobile health solutions market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this mobile health solutions market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the mobile health solutions market between 2023 and 2027
• Precise estimation of the size of the mobile health solutions market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the mobile health solutions market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of mobile health solutions market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global mobile health solutions market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global mobile health solutions market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Providers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Providers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Providers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Providers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Providers - Year-over-year growth 2022-2027 (%)

• 6.4 Patients - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Patients - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Patients - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Patients - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Patients - Year-over-year growth 2022-2027 (%)

• 6.5 Payers - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Payers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Payers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Payers - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Payers - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ billion)
• Exhibit 47: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Cardiovascular - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Cardiovascular - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Cardiovascular - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Cardiovascular - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Cardiovascular - Year-over-year growth 2022-2027 (%)

• 7.4 Diabetes - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Diabetes - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Diabetes - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Diabetes - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Diabetes - Year-over-year growth 2022-2027 (%)

• 7.5 Respiratory - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Respiratory - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Respiratory - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Respiratory - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Respiratory - Year-over-year growth 2022-2027 (%)

• 7.6 Neurology and others - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Neurology and others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Neurology and others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Neurology and others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Neurology and others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 68: Market opportunity by Application ($ billion)
• Exhibit 69: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Canada - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 AirStrip Technologies Inc. 
• Exhibit 119: AirStrip Technologies Inc. - Overview
• Exhibit 120: AirStrip Technologies Inc. - Product / Service
• Exhibit 121: AirStrip Technologies Inc. - Key offerings

• 12.4 Apple Inc.
• Exhibit 122: Apple Inc. - Overview
• Exhibit 123: Apple Inc. - Business segments
• Exhibit 124: Apple Inc. - Key news
• Exhibit 125: Apple Inc. - Key offerings
• Exhibit 126: Apple Inc. - Segment focus

• 12.5 athenahealth Inc.
• Exhibit 127: athenahealth Inc. - Overview
• Exhibit 128: athenahealth Inc. - Product / Service
• Exhibit 129: athenahealth Inc. - Key offerings

• 12.6 Boston Scientific Corp. 
• Exhibit 130: Boston Scientific Corp. - Overview
• Exhibit 131: Boston Scientific Corp. - Business segments
• Exhibit 132: Boston Scientific Corp. - Key news
• Exhibit 133: Boston Scientific Corp. - Key offerings
• Exhibit 134: Boston Scientific Corp. - Segment focus

• 12.7 Cisco Systems Inc.
• Exhibit 135: Cisco Systems Inc. - Overview
• Exhibit 136: Cisco Systems Inc. - Business segments
• Exhibit 137: Cisco Systems Inc. - Key news
• Exhibit 138: Cisco Systems Inc. - Key offerings
• Exhibit 139: Cisco Systems Inc. - Segment focus

• 12.8 Dexcom Inc.
• Exhibit 140: Dexcom Inc. - Overview
• Exhibit 141: Dexcom Inc. - Product / Service
• Exhibit 142: Dexcom Inc. - Key news
• Exhibit 143: Dexcom Inc. - Key offerings

• 12.9 Fitbit LLC
• Exhibit 144: Fitbit LLC - Overview
• Exhibit 145: Fitbit LLC - Business segments
• Exhibit 146: Fitbit LLC - Key offerings
• Exhibit 147: Fitbit LLC - Segment focus

• 12.10 Koninklijke Philips NV 
• Exhibit 148: Koninklijke Philips NV - Overview
• Exhibit 149: Koninklijke Philips NV - Business segments
• Exhibit 150: Koninklijke Philips NV - Key news
• Exhibit 151: Koninklijke Philips NV - Key offerings
• Exhibit 152: Koninklijke Philips NV - Segment focus

• 12.11 Medtronic Plc
• Exhibit 153: Medtronic Plc - Overview
• Exhibit 154: Medtronic Plc - Business segments
• Exhibit 155: Medtronic Plc - Key news
• Exhibit 156: Medtronic Plc - Key offerings
• Exhibit 157: Medtronic Plc - Segment focus

• 12.12 Mobile Wellness Solutions MWS Ltd. 
• Exhibit 158: Mobile Wellness Solutions MWS Ltd. - Overview
• Exhibit 159: Mobile Wellness Solutions MWS Ltd. - Product / Service
• Exhibit 160: Mobile Wellness Solutions MWS Ltd. - Key offerings

• 12.13 Omada Health Inc.
• Exhibit 161: Omada Health Inc. - Overview
• Exhibit 162: Omada Health Inc. - Product / Service
• Exhibit 163: Omada Health Inc. - Key offerings

• 12.14 OMRON Corp.
• Exhibit 164: OMRON Corp. - Overview
• Exhibit 165: OMRON Corp. - Business segments
• Exhibit 166: OMRON Corp. - Key news
• Exhibit 167: OMRON Corp. - Key offerings
• Exhibit 168: OMRON Corp. - Segment focus

• 12.15 Oracle Corp.
• Exhibit 169: Oracle Corp. - Overview
• Exhibit 170: Oracle Corp. - Business segments
• Exhibit 171: Oracle Corp. - Key news
• Exhibit 172: Oracle Corp. - Key offerings
• Exhibit 173: Oracle Corp. - Segment focus

• 12.16 Samsung Electronics Co. Ltd. 
• Exhibit 174: Samsung Electronics Co. Ltd. - Overview
• Exhibit 175: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 176: Samsung Electronics Co. Ltd. - Key news
• Exhibit 177: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 178: Samsung Electronics Co. Ltd. - Segment focus

• 12.17 Veradigm LLC
• Exhibit 179: Veradigm LLC - Overview
• Exhibit 180: Veradigm LLC - Business segments
• Exhibit 181: Veradigm LLC - Key offerings
• Exhibit 182: Veradigm LLC - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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