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.  

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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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