EDINA, Minnesota, February 22, 2018 /PRNewswire/ --
According to a new market intelligence report by BIS Research,
titled "Global Mobile Medical Apps Market - Analysis and
Forecast, 2017-2025", the global mobile
medical apps market was estimated at $1.40
billion in 2016, and is estimated to reach a value of
$11.22 billion by 2025. The global
mobile medical apps market is expected to grow at a compound annual
growth rate of 21.4% between the years 2017 and 2025, driven by the
rapidly increasing smartphone penetration rate on a global scale,
advancement in high speed networks such as 4G and 5G, and
increasing government investments bolstering mhealth initiatives to
improve the quality of care at an affordable cost.
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Browse 39 market Data Tables and 196
Figures spread through 364 Pages and
in-depth TOC on "Global Mobile Medical Apps
Market"
BIS Research Report:
https://bisresearch.com/industry-report/global-mobile-medical-apps-market-2025.html
Medical apps have considerably impacted patient lives in recent
years by offering them more control over their medical decisions.
As of 2017, there have been approximately 2,59,000 medical apps in
different app stores giving an unambiguous picture of the patient
demand for these apps. Although the market is at a nascent stage,
it holds an immense potential to irreversibly change the future of
the healthcare industry. This technological trend has allayed the
problems faced by healthcare organisations to combat diseases such
as, cardiovascular, inflammatory, and respiratory diseases. Since
the early assessment of these diseases is the most critical step in
the decision-making process, medical apps could be of great aid in
facilitating this process by engaging healthcare stakeholders with
clinical estimates, and recommendations related to the management
of a disease. Mobile medical apps could also be utilized for the
diagnosis and detection of life threatening chronic diseases, their
effective management, and prevention which could significantly
improve patient care and improve patient outcomes. This
multi-faceted approach to patient care is a critical need of the
healthcare industry as there exists a considerable gap between
healthcare services, and current medical needs which can primarily
be attributed to the factors such as, rapidly increasing aging
population, and rising number of chronic diseases.
According to Abdul Wahid, Lead
Analyst at BIS Research "Europe is the leading
contributor to the global mobile medical apps
market. The contribution of Europe to the mobile
medical apps market was valued to be
approximately 31.4% in 2016 and
is growing at a CAGR of 29.7% during the forecast period. This
high growth rate can also be attributed to
the rising number of government
initiatives aimed at assessing the efficacy of medical
apps for the benefit of public health. However,
Asia Pacific and
Latin America are
expected to grow at a higher CAGR than
Europe i.e. 22.1% and 23.1%
respectively during the forecast period
from 2017 to 2025."
Research Highlights:
- The evolution of the mobile medical apps has the potential to
reduce the global healthcare costs and hospital waiting times,
enhance patient convenience and compliance, and can significantly
improve the overall quality of care.
- There have been approximately 2,59,000 mobile medical apps in
the app stores out of which health and fitness apps occupied the
lion's share i.e. 1,61,720 apps accounting for 62.4% of the overall
market. The total number of medical apps are expected to further
reach 6,35,000 apps by the end of 2025 due to continued patient
demand, and rising awareness for these apps.
- The total number of connected medical apps in various
distribution platforms (Google Play Store/iTunes) was approximately
41,552 in 2016 and is anticipated to reach 1,58,750 by the end of
2025. The rising number of apps is primarily driven with the
increase in the demand for storing, analysing, and interpreting
medical data generated from medical devices.
- Fitness, medical reference, wellness, nutrition and chronic
disease management are the most widely used application areas for
the mobile medical apps. In 2016, there were approximately, 67,564
fitness apps, 27,518 wellness apps, 23,002 nutrition apps followed
by 13,483 apps related to the chronic disease management. Fitness
apps will continue to occupy the lion's share during the forecast
period in terms of revenue generated.
- Diagnostics and remote monitoring apps registered the highest
growth rate of 36.7% and 34.9% in 2016, as compared to the year
2015. This high growth rate from the remote monitoring segments is
primarily driven by the increasing demand from healthcare
organisations to monitor patients to reduce the gap between demand
and supply of healthcare services in remote locations, while the
extensive demand for diagnostic apps is expected to be facilitated
by the rising number of chronic diseases.
Source: BIS Research Analysis
Request for Sample Report:
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This market intelligence report provides a multidimensional view
of the global mobile medical apps market in terms of market size,
and growth potential. This research report aims at answering
various aspects of the global mobile medical apps market with the
help of the key factors driving the market, threats that can
possibly inhibit the overall market growth, and the current growth
opportunities that are going to shape the future trajectory of the
market expansion.
Furthermore, the competitive landscape chapter in the report
explicates the competitive nature of the global market and enables
the reader to get acquainted with the recent market activities,
such as, product launches, regulatory clearance, and
certifications, partnerships, collaborations, business expansions
as well as, mergers and acquisitions, among others. The research
report provides a comprehensive analysis of the product sales, and
manufacturers, and trend analysis by segments, and demand analysis
by geographical regions.
This report is a meticulous compilation of research on more than
100 players in the market ecosystem and draws upon the insights
from in-depth interviews with the key opinion leaders of more than
10 leading companies, market participants, and vendors. The report
also profiles 19 companies including several key players, such as,
Abbott Laboratories, AliveCor, Inc., Azumio Inc., Allscripts
Healthcare Solutions, Inc., Athena Health, Inc., Boston Scientific
Corporation, Cohero Health, Inc., DarioHealth Corp., Fitbit Inc.,
F. Hoffmann-La Roche AG, Health Arx Technologies Pvt. Ltd., Johnson
and Johnson, Medtronic Public Limited Company, MetaOptima, NuvoAir
AB, SkinVision B.V., Wolters Kluwer
N.V., and WebMD Health Corp., among others.
Key questions answered in the report:
- What are the major market drivers, challenges, and
opportunities in the global mobile medical apps market?
- What was the market value of the leading segments and
sub-segments of the global mobile medical apps market in 2016?
- How will each segment of the global mobile medical apps market
grow during the forecast period, and what will be the revenue
generated by each of the segments by the end of 2025?
- What are the influencing factors that may affect the market
share of the key players?
- How will the industry evolve during the forecast period 2017-
2025?
- What are the key developments and strategies that are being
implemented by the key players to sustain in this market?
- What are the key application areas of the mobile medical apps
market? What are the major benefits of medical apps achieved by
each category?
- Which medical apps are used frequently by both the patients and
the healthcare providers?
- What are best rated mobile medical apps in different app
categories?
- Who are the key players in the mobile medical apps market and
what are their contributions?
- What is the total number of apps available for download in
different medical app categories?
- What is the scope for expansion by the key players of the
mobile medical apps market in East and South-East Asia?
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About BIS Research:
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those emerging trends in technology which are likely to disrupt the
dynamics of the market.
With over 150 market research reports published annually, BIS
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& UAV and other emerging technologies.
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