The Mobile Healthcare by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mobile Healthcare, The mobile healthcare market size has grown exponentially in recent years. It will grow from $105.73 billion in 2023 to $137.12 billion in 2024 at a compound annual growth rate (CAGR) of 29.7%. The growth in the historic period can be attributed to patient engagement initiatives, regulatory support, telehealth expansion, health information exchange, .
The mobile healthcare market size is expected to see exponential growth in the next few years. It will grow to $380.8 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to social determinants of health tracking, telemedicine platforms integration, focus on health equity, pharmacy and medication management, global health crisis response. Major trends in the forecast period include telehealth adoption, wearable technology integration, focus on chronic disease management, interoperability and data security, collaboration with pharma companies, regulatory landscape changes.
The increase in incidence of chronic diseases globally is significantly contributing to the growth of the mobile healthcare market. For example, one in every three adults worldwide suffers from multiple chronic conditions, with prevalence rates ranging from 16% to 58% in UK studies, 26% in US studies, and 9.4% in urban South Asians. Therefore, the growing incidence of chronic diseases globally is driving the mobile healthcare market growth.
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The mobile healthcare market covered in this report is segmented –
1) By Device Type: Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors, Remote Patient Monitoring Devices, Other Device Types
2) By Service Type: Treatment Services, Diagnostic Services, Monitoring Services, Wellness and Fitness Solutions, Other Service Types
3) By Stake Holder: Mobile Operators, Healthcare Providers, Application/Content Players, Other Stake Holders
Major companies operating in the mobile healthcare market are developing cloud-based healthcare solutions to gain a competitive edge in the market. Cloud-based healthcare system refers to the use of cloud computing technologies and services to store, manage, access, and analyze healthcare-related data, information, and applications. For instance, in June 2021, Mobile Heartbeat, a US-based clinical software company launched Banyan, a cloud-based communication platform tailored for healthcare providers. Built on Microsoft Azure, this platform offers a suite of modular applications designed for healthcare enterprises, including hospitals and ambulatory care facilities. Banyan Voice can also integrate with existing telephony systems. This cloud-based communication platform aims to provide flexible, scalable, and secure communication tools that adapt to diverse healthcare environments, enhancing real-time communication and collaboration in the healthcare sector.
The mobile healthcare market report table of contents includes:
1. Executive Summary
2. Mobile Healthcare Market Characteristics
3. Mobile Healthcare Market Trends And Strategies
4. Mobile Healthcare Market – Macro Economic Scenario
5. Global Mobile Healthcare Market Size and Growth
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31. Global Mobile Healthcare Market Competitive Benchmarking
32. Global Mobile Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Mobile Healthcare Market
34. Mobile Healthcare Market Future Outlook and Potential Analysis
35. Appendix
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