Growing Investments to Push North America Mobile Health Apps Market till 2024
Increasing use of connected
devices and mobile health apps for the management of chronic diseases to drive
North America mobile health apps market through 2024
According
to TechSci Research report, “North America Mobile Health Apps Market By App Type, By Service,
By Connected Medical Device, By Region, Competition, Forecast &
Opportunities, 2024”, mobile health apps market in North America is expected to grow at
a double-digit CAGR during the forecast period, on account of increasing smartphone user base and growing
investments in digital health market. Mobile health applications or mHealth
apps refers to the use of mobile devices for healthcare services. There are
more than 318,000 health apps on major app stores, worldwide, which is nearly
double the number of healthcare apps present in 2015. Moreover, increasing
prevalence of chronic diseases, advancements in high-speed networks such as 4G and 5G
and government initiatives supporting the use of eHealth solutions and services
are expected to fuel the region’s mobile health apps market during forecast
period.
North America mobile health apps market can be segmented based on app
type, service and connected medical device. In terms of connected medical
device, the market can be segmented into vitals monitoring, peak flowmeter,
fetal monitoring devices and consumer health devices, among others. Vitals
monitoring segment accounted for the largest market share in 2018 and the trend
is likely to continue in the coming years, owing to increasing prevalence of
chronic diseases, such as diabetes and cardiovascular diseases. In terms of
service, the remote monitoring service segment is anticipated to grow at the fastest
rate in North America mobile health apps market during 2019-2024, owing to increasing
adoption of remote monitoring solutions by patients in rural areas and
technological advancements.
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GlaxoSmithKline PLC, Novartis AG, Sanofi, Apple Inc., Athenahealth, Inc.,
AgaMatrix, Inc., Cerner Corp., Abbott Laboratories and Qualcomm Inc. are some
of the leading players operating in the region’s mobile health apps market. Companies
operating in the market are using organic strategies such as product launches,
and mergers and collaborations in order to register positive growth.
“Growth in North America mobile health apps market is expected on the
back of increasing adoption of mHealth apps and government focus to cut
healthcare costs. At the country level, United States leads the market, on
account of growing healthcare awareness among the population and presence of
advanced healthcare infrastructure in the country, which would in turn have a positive
influence on the region’s mobile health apps market in coming years.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“North America Mobile Health Apps Market By App Type,
By Service, By Connected Medical Device, By Region, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of North America mobile health apps market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in North America mobile health apps market.
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