Mobile Medical Application Market 2016-2024: Industry Analysis By Specialty, By Subscription, By Platform, By Application, By End User, And By Region With Forecast 2016-2024

Global Mobile Medical Applications (MMA’s) Market 

Market Overview

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 reach USD 20 billion by 2024, at a CAGR of 60.5% over the forecast years.

Covered In This Global Mobile Medical Applications Market Report       

The report covers the present ground scenario and the future growth prospects of the mobile medical applications Market for 2016-2024 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.

Global Mobile Medical Applications Market Segmentation

By Specialty

• Cardiology
• Critical Care
• Emergency Medicine
• Family Medicine
• Internal Medicine
• Others

By Subscription

• Fee Based Subscription
• Free Subscription

By Platform

• Android
• Blackberry
• iPad
• iPhone
• Windows

By Application

• Clinical or assistance in diagnosis
• Remote monitoring
• Reminders and alerts
• References

By End User

• Physician
• Residents

Based on Geography

• North America (U.S. & Canada) Mobile Medical Applications Market
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Mobile Medical Applications Market
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Mobile Medical Applications Market
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Mobile Medical Applications Market
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Mobile Medical Applications Market

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.

Mobile Medical Applications Market Outlook 2016-2024, 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.

Our global Mobile Medical Applications Market report comprises of the following companies as the key players: Philips, AliveCor Inc., IMS Health Inc., Patientkeeper Inc., Samsung Electronics, Medtronic, Nike, Omron, Alere, AT&T (U.S.), Qualcomm, Cerner and Diversinet.

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.

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.

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.

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Key questions answered in this Mobile Medical Applications Market report

• What is the total market size by 2024 and what would be the expected growth rate of market?
• What is the revenue of Mobile Medical Applications in 2015-16 and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.