The mHealth Solutions Market Anticipates Rapid Expansion: Expecting a Healthy CAGR of ~25% by 2028Posted by Prathamesh on February 13th, 2024 mHealth technology is critical in digital health, particularly for health information technology, wearables, telehealth, telemedicine, and customized medicine. To know more about the research report, fill out a quick inquiry for a sample report:https://meditechinsights.com/mhealth-solutions-market/request-sample/ Some of the practical applications of mHealth include:
Increasing Adoption of 5G and 4G Networks Ensures Continuous Healthcare Services boosting the mHealth Solutions Market To some extent, mHealth technology adoption is dependent on telecom improvements, particularly the proliferation of high-speed connectivity such as 3G, 4G, and broadband. With 5.2 billion subscribers in 2018, and projected to reach 6.5 billion by 2021, 5G's integration in healthcare is driven by increased data transit for medical images, which improves treatment quality and accessibility. The low latency and large capacity of 5G allow for extensive remote monitoring, which can be supplemented with AR and VR for new therapies. In North America, strong 5G/4G network penetration enables telemedicine through video conversations and quick data transmission, providing a better customer experience than 4G. The advancement of Wi-Fi and connection technologies in the healthcare business provides the door for more use of linked medical devices, promoting development potential in mHealth. Smartphone, Tablets & Other Mobile Platforms Proliferation Fuels global mHealth Solutions Market The rising global prevalence of smartphones, tablets, and other mobile platforms is driving considerable growth in the mHealth industry. Individuals now own numerous smartphones, cell phones, or tablets, which is a noticeable trend. According to the GSMA's 2023 State of Mobile Internet Connectivity Report, around 54% of the world population (4.3 billion people) possesses a smartphone. Notably, China and India are noted as having the biggest concentrations of mobile devices. Smartphone proliferation is predicted to empower the people by offering access to a variety of healthcare services via wireless multimedia, supporting wider adoption of mHealth. Competitive Landscape Analysis of the mHealth Solutions Market Some of the key players operating in the market include Philips N.V (Netherlands), Medtronic plc (Ireland), Johnson & Johnson (US), OMRON Healthcare Co., Ltd. (Japan), Cerner Corporation (US), Apple, Inc. (US), AliveCor, Inc. (US), AirStrip Technologies (US), athenahealth, Inc. (US), iHealth Lab Inc. (US), iHealth Lab Inc. (US), AT&T Inc. (US), AgaMatrix, Inc. (US), Cisco Systems, Inc. (US), Fitbit Inc. (US), OSP Labs (US), SoftServe (US), Garmin, Ltd. (US), Dexcom, Inc. (US), Tunstall Heathcare (UK), Teladoc Health, Inc. (US), ZTE Corporation (China), and My mHealth Limited (UK) , among others. Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the mHealth Solutions Market Players operating in this market are adopting organic and inorganic growth strategies such as launching new services, acquiring related firms, and entering into collaborations to garner higher market share. For instance,
The mHealth Solutions Market is expected to gain traction in the coming years as a result of increased use of AI in mHealth apps, increased collaborations between manufacturers and healthcare institutions, increased adoption of smart wearable devices, increased emphasis on patient-centric healthcare delivery, and aggressive organic and inorganic strategies employed by players. Get Personalized Research Report on the mhealth solutions market @ https://meditechinsights.com/mhealth-solutions-market/ About Medi-Tech Insights Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services. Contact: Ruta Halde Associate, Medi-Tech Insights +32 498 86 80 79 Like it? Share it!More by this author
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