Mobile Health Apps and Solutions Market - Global Industry Analysis, Growth, Trends and Forecast to 2024

Mobile Health Apps and Solutions Market – Global
Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2016-2024
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Report Description
Mobile Health Apps and Solutions Market Overview
Proliferation of mobile devices provides an entirely new and effective dimension to the healthcare industry,
wherein solutions can be provided to end users in an extremely easy-to-use manner that can be accessed
irrespective of the use location. Advent of mHealth apps and solutions have led the healthcare solutions
market to expand its reach from hospitals to primary care and office space. The industry is witnessing
influx of various start-ups venturing into the market, leading to high competition.
Mobile health apps segment is expected to grow at impressive double digit CAGR over the forecast period
(2016–2024), creating new market opportunities for the players worldwide.
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Proliferation of smartphones fueling mobile health apps and solutions market growth
Over 600 million people are expected to use mobile healthcare apps by 2017, creating a highly lucrative
market opportunity for healthcare players. The industry is projected to be mainly driven by growing
healthcare expenditure and consumer changing lifestyle. Advancements in computing ability of mobile
devices would bridge the gap between patient’s expectation and treatment delivered. The technology is
perceived to be an enabler of quality healthcare.
Though the industry is set to grow at a robust rate, lack of collaborations among healthcare service
providers and low healthcare apps utilities awareness among the masses are major industry pitfalls.
Mobile Health Apps and Solutions Market Taxonomy:
Coherent Market Insights has segmented the mobile health apps and solutions market on the basis of
following:
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Operating System
Product Type
Therapeutic Application
Devices
On the basis of operating system, iOS mHealth app is expected dominated the market in 2015. However,
the segment is expected to lose major market share to android app segment by 2024.
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Among device segments, smartphones are expected to dominate the market, followed closely by tablets
through 2024. Tablets are expected to be most prominent in developed regions.
Emergence of connected and integrated healthcare solutions driving growth of North America and
Europe markets
The mobile health apps and solutions market report covers market analysis across regions namely North
America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Geographically, Europe, followed closely by North America is expected to dominate the market throughout
the forecast period. Presence of leading mHealth service providers, along with wide availability of highquality healthcare amenities, and increased healthcare awareness is expected to bolster market growth.
The market in Asia Pacific is growing at the fastest rate, driven primarily by rising demand in China and
India. China and India account for over 36% of global population, creating lucrative market opportunity for
players in the long run. Markets in Latin America, Middle East, and Africa are expected to grow at a
relatively sluggish rate, with upward growth traction expected in the mid of the forecast period.
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Mobile Health Apps and Solutions Market – Competitive Landscape
Major players in the mobile health apps and solutions market include Runtastic, Nike, MyFitnessPal,
Azumio, GP Apps, Pacer Health, Kinosis, GoodRX, Leafly, and Epocrates.
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Proliferation of mobile devices provides an entirely new and effective dimension to the healthcare industry, wherein solutions can be provided to end users in an extremely easy-to-use manner that can be accessed irrespective of the use location. Advent of mHealth apps and solutions have led the healthcare solutions market to expand its reach from hospitals to primary care and office space. The industry is witnessing influx of various start-ups venturing into the market, leading to high competition. Mobile health apps segment is expected to grow at impressive double digit CAGR over the forecast period (2016–2024), creating new market opportunities for the players worldwide.