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2020-09-01
785
Global
The demand for remote patient monitoring is growing dramatically as in 2015 around 500 million smartphone users worldwide were using health-related apps. Among the market’s key drivers: the world’s aging population with its increasing need for medical care is the major driver, for instance, in the United States alone, almost 20% of Americans will be older than 65 by 2024, making them more unguarded to Alzheimer’s, cardiovascular disease, and other age-associated conditions. This changing landscape is creating an exciting opportunity for the emerging area of connected health, and MMAs may offer particularly apt solutions to the challenges of monitoring patients remotely.Goldstein Research analyst forecast the mobile medical applications market size is set to grow at a CAGR of 60.5% through the forecast years (2017-2030).
Based on geography, North America leads the market with 35% of the total mobile medical applications market share owing to variable swath of free and premium medical apps in the market and better understanding of pharmaceuticals among the population. However, APAC is the fastest growing region with a growing CAGR of 61% in mobile medical application market closely followed by Europe. Luxemburg, Singapore, Switzerland, Japan, The Netherlands, Sweden, Hong Kong and Australia are the opportunistic market for mobile medical apps due to the country's basic mental and physical health, health infrastructure, and the availability of preventative care.
Based on application, clinical or assistance in diagnosis is the dominating segment with 41% market share followed by references segment in mobile medical application owing to rising obesity levels, spending countless hours gawking at our smartphone displays, continually playing borderline-addicting games and watching videos that may actually have adverse effects on our health in the long run giving rise to mobile medical application market.
According to our global market study on the basis of extensive primary and secondary research: “One trend is the emergence of telehealth tools which use digital information and communication technologies, such as computers and mobile devices, to access health care services remotely and manage the health care. Telehealth services like patient portal, virtual appointments, personal health records and remote monitoring tends to drive the mobile medical applications market.”
According to the report, major driving factor for mobile medical applications market is the dawn of smartphone technology which is promising for use in remote patient monitoring for several reasons like benefits for medical-device manufacturers include cost savings through not having to develop a completely new device, leveraging existing platforms while adding more sophisticated sensing and data capabilities, and using an interface that consumers know and understand and is already part of their everyday life.
Further, the report states the major challenge is while mobile medical application has potential for better coordinated care, it also runs the risk of fragmenting health care. Fragmented care may lead to gaps in care, overuse of medical care, inappropriate use of medications, or unnecessary or overlapping care.
Mobile Medical Applications Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Mobile Medical Applications Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Mobile Medical Applications Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
The report covers the present ground scenario and the future growth prospects of the mobile medical applications Market for 2017-2030 along with health app installation data. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The market forecast is done on the basis of mobile internet penetration and number of apps launched in various areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Impact of COVID-19 Outbreak on “Global Mobile Medical/Health Applications Market ”, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy. A complete detailed chapter of 50-70 pages which includes the data and information focused on impacts of the pandemic on the Global Mobile Medical/Health Applications Market Global Mobile Medical/Health Applications Market . It also showcases the expected recovery schedule and losses in the industry and other various major factors.
Our global Mobile Medical Applications Market report comprises of the following companies as the key players:
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