DUBLIN–(BUSINESS WIRE)–The “Mobile Medical Apps – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
World Cellular Medical Apps Market to Attain US$20.7 Billion by the Yr 2027
Amid the COVID-19 disaster, the worldwide marketplace for Cellular Medical Apps estimated at US$4.2 Billion within the 12 months 2020, is projected to succeed in a revised dimension of US$20.7 Billion by 2027, rising at a CAGR of 25.5% over the evaluation interval 2020-2027.
Medical Monitoring, one of many segments analyzed within the report, is projected to develop at a 25.3% CAGR to succeed in US$5 Billion by the tip of the evaluation interval. After an early evaluation of the enterprise implications of the pandemic and its induced financial disaster, progress within the Vitamin & Health phase is readjusted to a revised 28.6% CAGR for the subsequent 7-year interval. This phase presently accounts for a 35.4% share of the worldwide Cellular Medical Apps market.
The U.S. Accounts for Over 35.7% of World Market Measurement in 2020, Whereas China is Forecast to Develop at a 30.8% CAGR for the Interval of 2020-2027
The Cellular Medical Apps market within the U.S. is estimated at US$1.5 Billion within the 12 months 2020. The nation presently accounts for a 35.69% share within the international market. China, the world’s second largest economic system, is forecast to succeed in an estimated market dimension of US$2.1 Billion within the 12 months 2027 trailing a CAGR of 30.8% via 2027. Among the many different noteworthy geographic markets are Japan and Canada, every forecast to develop at 20.7% and 24.7% respectively over the 2020-2027 interval. Inside Europe, Germany is forecast to develop at roughly 23.6% CAGR whereas Remainder of European market (as outlined within the examine) will attain US$2.1 Billion by the 12 months 2027.
Medical Reference Section Corners a 13.9% Share in 2020
Within the international Medical Reference phase, USA, Canada, Japan, China and Europe will drive the 23.4% CAGR estimated for this phase. These regional markets accounting for a mixed market dimension of US$477.2 Million within the 12 months 2020 will attain a projected dimension of US$2.1 Billion by the shut of the evaluation interval. China will stay among the many quickest rising on this cluster of regional markets. Led by international locations reminiscent of Australia, India, and South Korea, the market in Asia-Pacific is forecast to succeed in US$2.8 Billion by the 12 months 2027, whereas Latin America will develop at a 27.8% CAGR via the evaluation interval.
The report presents concise insights into how the pandemic has impacted manufacturing and the purchase facet for 2020 and 2021. A brief-term phased restoration by key geography can be addressed.
Rivals recognized on this market embrace, amongst others:
- AgaMatrix, Inc.
- Airstrip Applied sciences, Inc.
- AliveCor, Inc.
- Apple, Inc.
- AT&T, Inc.
- Athenahealth, Inc.
- BioTelemetry, Inc.
- Cerner Company
- Cisco Programs, Inc.
- iHealth Lab, Inc.
- Medtronic, Inc.
- Nike, Inc.
- Nokia Company
- Omron Company
- Philips India Ltd.
- Qualcomm Inc.
Key Matters Coated:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Affect of Covid-19 and a Looming World Recession
- Cellular Well being Apps Achieve Curiosity Amid the Pandemic
- Record of COVID-19 Contact Tracing Apps
- MHealth Investments File Robust Progress in 2020 1H
- Rise in Health App Downloads
- Rise in Apps Developed for Contact Tracing
- Cellular Well being Transforms Healthcare Trade
- Cellular App Improvement Tendencies in Healthcare
- Apps Discover Favor Amongst Medical Professionals
- Creating International locations to Lead Progress in Future
- Reference Apps Usher in Digital Revolution in Healthcare Sector
- Limitations to Adoption of Cellular Medical Apps
- Considerations over Safety & Compliance
- Affected person Info Safety: A Main Constraint
- Medical Apps Lack Scientific Involvement
- Potential Threat of Medical Apps in Scientific Settings
- Current Trade Exercise
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Integration of AI in Cellular Well being Apps
- Optimizing Blockchain Know-how to Ship Environment friendly Well being Care
- Prominence of Massive Knowledge in Cellular Well being Purposes
- Affect of Web of Issues (IoT) on the Cellular Well being Care Trade
- Eminence of Cloud-based apps within the Cellular Well being Care Trade
- ARVR Know-how to Play a Vital Function
- Apps Favored over Cellular Web sites
- Choose New Med Apps
- Rising Function of Telemedicine
- Video Session Apps on Rise
- Inclination of Younger Shoppers In the direction of Digital Well being Know-how: Alternative in Retailer
- Health Apps Achieve Curiosity Amid Rising Well being Consciousness
- Rising Healthcare Prices Drive Significance of Cellular Medical Apps
- Persistent Illnesses Administration and Related Prices Drive Medical Apps Adoption
- Emphasis on Distant Affected person Monitoring Bodes Effectively for Cellular Medical Apps Market
- Ballooning World Inhabitants Gives Vital Progress Alternatives
- Scarcity of Medical Professionals: Cellular Medical Apps Come to the Rescue
- Smartphone Penetration & Declining Value of Related Units Drive Adoption of Well being and Health Apps
- Rising Possession of Cellular Units amongst Medical Professionals – A Enterprise Case for Cellular Apps Market
- Increasing 5G Connectivity to Drive Adoption of Cellular Medical Apps
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Complete Corporations Profiled: 92
For extra details about this report go to https://www.researchandmarkets.com/r/yydx5x