Global mHealth Market – Analysis and Forecast To 2024 | Apple Inc., AT&T, Inc., Johnson & Johnson.

mHealth is the usage of mobile information and communication technologies for improving healthcare. It is used in various healthcare purposes such as electronic payments, information system, health promotion and illness prevention, and training and supervision. The global mhealth market is growing at a significant rate, due to mounting access to smartphones, tablets, and other mobile platforms, and escalating emphasis on patient-centric healthcare delivery.

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Expanding employment of mhealth solutions for personalized patient engagement, mounting acceptance of cloud-based mhealth solutions, escalating emphasis on consumer-centric mobility solutions, and wearable health technology is the trends in the mhealth market.

Shortage of physician in developing countries, escalating healthcare cost, expanding geriatric population, strong dispersion of 3G and 4G networks to provide continuous healthcare service and mounting implementation of mhealth solutions are also facilitating the growth for the mhealth market.

Lack of standards and regulations, lack of data security and privacy, difficulties in locating mhealth Apps on android or apple stores, little assistance from physicians in choosing apps, and patent protection for mhealth devices and applications are the major challenges for the growth of mhealth market.

Asia-Pacific is observed to witness the fastest growth in the market, due to the mounting occurrence of chronic and lifestyle associated diseases. In addition, escalating healthcare expenditure, expanding the geriatric population, and a mounting need for remote patient monitoring services are also creating a positive impact on the mhealth market growth in the region.

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Key players in the mhealth market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In January 2016, AT&T signed an agreement with YOFiMeter to enable people with diabetes to wirelessly transmit their blood sugar levels. Cerner Corporation, Koninklijke Philips N.V., Omron Corporation, Medtronic PLC, Cisco Systems, Inc., BioTelemetry, Inc., Ihealth Lab Inc., Apple Inc., AT&T, Inc., Johnson & Johnson, and Airstrip Technologies are the key players offering mhealth.

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