Global industry analysts predict the global mobile medical app market to reach $16.6 billion by 2026
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Editing: 17; Published: February 2022
Executive Pool: 22561
Companies: 92 – Players covered include Abbott Laboratories; AliveCor; Allscripts Healthcare Solutions; AstraZeneca PLC; Athena Health; Azumio; Boston Scientific Society; Bristol-Myers Squibb Company; CoheroHealth, LLC; DarioHealth; F. Hoffmann-La Roche AG; Fitbit, Inc; GlaxoSmithKline plc; Health Arx Technologies Pvt Ltd; Johnson and Johnson; Medtronic Plc; Merck and Co., Inc.; MetaOptima Technology Inc; Novartis SA; NuvoAir AB; Pfizer, Inc.; Sanofi SA; SkinVision BV; WebMD Health and others.
Blanket: All major geographies and key segments
segments: Service (Medical Monitoring, Nutrition & Fitness, Medical Referral, Diagnosis, Treatment, Other Services); End Use (Patients, Healthcare Providers); Application (diabetes, cardiovascular, respiratory, other applications)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global mobile medical application market to reach US$16.6 billion by 2026
Healthcare apps have gained popularity due to their ability to help people deal with various health issues anytime, anywhere. The trend has paved the way for healthcare apps on mobile platforms or mHealth apps that hold immense potential to share the future of the healthcare industry and related service delivery. The growth of the global market is expected to be driven by the convergence of a number of favorable trends such as the integration of health applications and devices. The growth of the market is driven by increasing adoption of smart gadgets in the healthcare sector, increasing availability of advanced networks and connectivity solutions, and rising awareness for chronic disease management. Specifically, the growing adoption of smartphones and tablets and the expansion of 4G/5G connectivity platform networks for healthcare services present positive growth opportunities for the market. Adoption levels are also on the rise due to the promise of improved cost-effectiveness offered by mobile health applications and solutions, which support the activities of healthcare professionals. Mobile medical applications are benefiting immensely from advances in mobile phone technologies, with the result that mobile devices are now able to handle some of the most complex tasks. The continued increase in the number of healthcare facilities and healthcare professionals relying on a range of medical applications for constant patient monitoring is expected to drive growth. The market is also expected to benefit from the growing use of medical applications for remote patient health monitoring.
Amid COVID-19 Crisis, Global Mobile Medical Application Market Estimated at US$6.6 billion in 2022, is expected to reach a revised size of US$16.6 billion by 2026, growing at a CAGR of 25.5% over the analysis period. Medical Surveillance, one of the segments analyzed in the report, is expected to grow at a CAGR of 25.3% to reach 5 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Nutrition & Fitness segment is readjusted to a revised CAGR of 28.6% for the next 7-year period. This segment currently represents a 35.4% share of the global market for mobile medical applications.
The US market is estimated at $2.3 billion in 2022, when China is expected to reach $1.6 billion by 2026
The mobile medical application market in the United States is estimated at US$2.3 billion in 2022. The country currently accounts for a 35.69% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$1.6 billion in 2026 with a CAGR of 30.8% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 20.7% and 24.7% respectively over the analysis period. In Europe, Germany is expected to grow around 23.6% CAGR while the rest of the European market (as defined in the study) will reach US$1.1 billion at the end of the analysis period. The global market for mobile healthcare applications and solutions is dominated by the United States and Europe, primarily due to growing health care awareness and increasing attention to better chronic disease management. A key driver for the growth of the US mobile medical application market is the high level of convenience offered to caregivers as well as patients. Become thin China and India is driven by the large patient population and the continued increase in government funding for health services. In underdeveloped economies, the low proportion of patient-physicians and subsequent adoption of mHealth services and solutions present significant opportunities for the mobile health application market.
Medical reference segment to be reached $2.2 billion by 2026
In the global medical reference segment, United States, Canada, Japan, China and Europe will drive the CAGR of 23.9% estimated for this segment. These regional markets representing a combined market size of US$477.2 million will reach a projected size of US$2.1 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$262.2 million by 2026, while Latin America will grow at a CAGR of 27.8% over the analysis period.
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