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Mobile Health Apps and Solutions Market to Grow at a High CAGR of by 2026

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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. Adv
Mobile Health Apps and Solutions Market:
Technological Innovations By 2026
Mobile Health Apps and Solutions Market – Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
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.
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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.
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:
•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.
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.
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.
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 high-quality 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.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive analysis
through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
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Seattle, WA 98154
Tel: +1–206–701–6702
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ravikiran
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