Analysis of mHealth market by 2030

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mHealth market trends research and projections
for 2021- 2030

• A research study conducted by Global Market
  Insights, Inc., suggests that mHealth market is
  likely to exceed the 805 Billion mark by 2030,
  in terms of revenue. This growth is on account of
  rising product usage in pharmacies, where drug
  information resources and tools are deployed for
  keeping these establishments updated according to
  the present disease state appliances.
• One of the recent studies in the global mHealth
  market comprises research conducted by the IEEE
  Open Journal of Engineering in Medicine and
  Biology, and the Mass General Brigham (MGB)
  Center for COVID Innovation. The study
  underscores that mHealth mobile apps providing
  contact tracing are crucial in the detection of
  people who might have come in contact with a
  person infected with COVID-19.

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• Various mHealth technologies comprising digital
  contact tracing, wearable sensors, and electronic
  patient-reported data could be utilized for
  monitoring and predicting COVID-19 exposure in
  people who are assumed to be free of infection.

• In addition, mHealth apps also provide
  pharmacists with access to patient specific
  adherence data and the ability to regulate
  optimal pharmacy stock for meeting the
  requirements of patients. Numerous public and
  private organizations are also taking up
  partnerships and similar initiatives, boosting
  market share.

• Apart from these factors, the mHealth industry is
  further driven by an increase in the requirement
  for remote data collection. The segment is slated
  to grow at a CAGR of 29.7 through the forecasted
  span. This is due to the multiple benefits of
  mHealth technologies that offer remote data
  collection. These include enhancement of patient
  care, reduction of process time, assurance of
  precise data as well as safety, and provision of
  better authority over the compiled data.

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• Regional Analysis

• Speaking of opportunities for regional expansion,
  Brazil accounted for a valuation of more than USD
  1.4 in the Latin America mHealth market in 2020.
  The mHealth industry in the country is expected
  to advance at a remarkable growth rate of over
  30 through the estimated span. This growth is
  due to the increasing expenditure on health,
  surging disposable income, and developments in
  medical infrastructure in the region.

• Competitive Analysis

• Some other key players operating in the mHealth
  industry are Apple Inc., Samsung Electronics
  Corporation, ATT, and Sanofi

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