COVID-19 Impact UPDATE: Global mHealth Market 2020 Future Challenges, Growth Statistics and Forecast to 2027

COVID-19 outbreak has also made healthcare professionals to look for alternative methods to traditional systems and processes. This is leading an expedited adoption of mHealth across the industry both from providers and consumers.

During the pandemic, several healthcare systems have bifurcated healthcare requirements into essential and non-essential based on urgency and overall requirement for care. As the non-essential requirements are given less priority during the pandemic, patients are resorting to mHealth solutions. This is augmenting the adoption of mHealth apps across a variety of therapeutic areas.

As the pandemic subsides, the healthcare industry is expected to witness drastic structural and procedural changes as a large number of people become sceptic of visiting closed spaces with high risks of infection. Hence, it can be concluded that the COVID-19 outbreak is expected to play a significant role in the digital transformation of healthcare industry.

Global mHealth Monitoring Diagnostic Medical Device market research report accurately portrays a well-conceived and elaborate scenario with references to various facets and elements of the market that result in uncompromised growth trajectory.
The report draws special references to elements such as product and application segments, regional expanse as well as manufacturing activities, with elaborate cues on dominant trends, persistent challenges as well as untapped market opportunities that systematically lead to uncompromised growth and sustenance in global mHealth Monitoring Diagnostic Medical Device market.

mHealth services are playing an important role in reducing healthcare-specific COVID-19 transmission. Due to sudden burden on healthcare facilities, treatments are given priorities on the basis of urgency. Moreover, patient not infected with COVID-19 virus do not want to visit these facilities. In this case, to treat mHealth is proving to be of immense use in several therapeutic areas including cardiology, dermatology, diabetic care and others by enabling high-quality remote care and reducing contact.

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It includes analysis on the following –

• Market Environment: Includes sector size, market size, and growth analysis by segmentation.
• High-potential Countries’ Analysis: Indicates changing share of value consumption in the various segments & sub-segments across high-potential countries globally. The report also provides analysis of market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
• Country Deep Dive: Provides the overview, demographic analysis, and key trends across high potential countries.
• Competitive Environment: Provides an overview of leading key players, besides analyzing the growth of private labels in the region.
• Distribution Analysis: Provides analysis of the leading distribution channels.
• Challenges and Future Outlook: Provides the challenges and future outlook pertaining to mHealth Services

Global mHealth Solutions Market By Product & Service (Connected Medical Devices, mHealth Apps, mHealth Services), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global mHealth Solutions Market

Global mHealth Solutions Market is expected to rise from its initial estimated value of USD 28.06 billion in 2018 to a projected value of USD 297.70 billion by 2026, registering a CAGR of 34.34% in the forecast period of 2019-2026. This rise in market value can be attributed to lower physician ratio as compared to patients requiring healthcare provisions.

Market Definition: Global mHealth Solutions Market

mHealth solutions can be defined as the technology utilized in providing healthcare services and products through smart devices and smart phones. This technology is used for collecting patient data, their patient history and also through this technology, healthcare providers can ease their workflow helping them work in a systematic and effective way.

Global mHealth App Market By Type:

By Type, mHealth App market has been segmented into:
Fitness
Lifestyle Management
Nutrition & Diet
Women’s Health
Medication Adherence
Healthcare Providers/ Payors
Disease Management
Others

Reasons to Purchase this Report

• Current and future of global mHealth solutions market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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