Dublin, December 23, 2021 (GLOBE NEWSWIRE) – The report “Mobile Health Applications Market (mHealth) – Forecasts 2021 to 2026” has been added to ResearchAndMarkets.com offer.
The mobile health applications market is expected to grow at a CAGR of 27.54% to reach US $ 20.556 billion by 2026, from US $ 3.744 billion in 2019.
Mobile health-related apps and technologies are often referred to as mHealth and drive patient experiences. These mobile healthcare apps use sophisticated data analytics and mobile technologies for healthcare professionals to deliver the best possible care to their patients at low cost from convenient locations.
Cloud-based solutions are gaining in importance as data is stored over the internet for easy access while removing the need to store data on local servers. New mobile applications integrate patient-related data with geolocation information stored in the cloud. Mobile apps facilitate better health management through simple apps like exercise trackers, diet and calorie counting, among others.
Functional benefits of adopting mHealth app to drive market growth.
Mobile health apps help healthcare professionals manage and document complete records to improve productivity, communicate results, and enable access to information.
The benefit of mobile health applications and solutions is improved health outcomes, reduced error rates while lowering overall health care costs. Mobile solutions can streamline the processing process and automate the management system. These positive parameters related to the use of mHealth applications increase the market demand.
For health studies, Google released an mHealth app in December 2010 that allows researchers and clinicians to collect data from individuals using Android phones. The Google Health Studies app was released alongside the announcement of the platform’s inaugural study: a collaboration between Harvard Medical School and Boston Children’s Hospital to collect data on respiratory illnesses such as influenza and COVID-19.
Increase the penetration of smartphones and the Internet to increase the size of the market.
In addition, mobile devices are gaining popularity with all generations and will continue to play an important role in the daily lives of users. In both developed and emerging economies, the number of people owning mobile devices and accessing the internet through cell phones has skyrocketed, increasing market value.
For example, according to the latest data from the UK Office for National Statistics released in August 2019, 87% of all adults used the internet every day in 2019, and 4% used it at least once a week. While daily use has increased by 2 percentage points since 2018, it has increased by 32 percentage points over the past decade.
Additionally, the most popular form of device used to access the internet on the go in 2019 was a mobile phone or smartphone, which accounted for 79% of the total. Since 2013, when it was 53%, it has increased by 26 percentage points. The market is also helped by the multiple connectivity options such as Bluetooth, Wi-Fi and the growing penetration of 4G and 5G networks in developing regions.
Increase investments and expansions to provide opportunities in the market.
The mobile health applications market is also positively impacted due to its profitability in medical practices and awareness of chronic disease management.
Many companies have invested in the market. For example, Amazon and Walgreens have expanded their telehealth services to provide an alternative to hospitalization or seeing a doctor. On its Walgreens Find Care platform in March 2021, Walgreens announced 11 new and four extended linked healthcare agreements with healthcare providers, giving drugstore chain consumers online access to more than 45 services.
Amazon has expanded its year-old Amazon Care platform to include 21 additional states in addition to its Seattle headquarters. In addition to employing healthcare professionals, the startup promoted its mHealth software to other companies.
Data breach issues can hold back market growth.
However, data breach issues may restrain the growth of the market. As reported by the United States National Center for Biotechnology Information, from 2005 to 2019, a total of 249.09 million people were affected by healthcare data breaches. In the past five years alone, 157.40 million people have been affected.
In 2019, 13 data breaches were disclosed in 86 countries. In 2019, 505 healthcare data breaches resulted in the unauthorized exposure, theft or disclosure of 41.2 million healthcare information.
The American Telemedicine Association is building a resource to help people find and use mobile health apps. The ATA, in October 2020, announced a collaboration with the Organization for the Review of Healthcare Applications (ORCHA), a UK-based digital health assessor who has previously worked with the National Health Service. and government organizations in Europe, the Middle East, Asia and Australia.
The alliance intends to create an online platform for healthcare professionals, payers and others to assess mHealth applications against more than 300 standards developed by ORCHA for reliability, security and application efficiency.
Geographically, North America dominates the global market for mHealth applications and solutions due to the growing healthcare awareness of chronic disease management.
The Asia-Pacific region is expected to show a high growth rate over the next five years due to the growth seen in China and India. Other key factors contributing to the growth of the mobile health applications and solutions market in the emerging Asia-Pacific countries are large numbers of patients and increasing public funding.
Johnson and Johnson
For more information on this report, visit https://www.researchandmarkets.com/r/g6ilfh
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900