mHealth Market
Healthcare IT

mHealth Market Surging with CAGR of 28.5% by 2028.

Mobile health (mHealth) is a technique that includes the use of mobile commination devices, such as mobile phones, tablets, PDAs (personal digital assistants) and other wireless devices for distributing health services and information. mHealth unlocks the new opportunities for improving monitoring of chronic conditions and help with developing the prevention aspect of the healthcare system. mHealth enables to offer the services on consultation, care management, diagnosis, and self-management services by using information & communication technologies (ICT). It involves a wide variety of technologies and tactics to deliver virtual medical, health, and education services to the users. mHealth is a collection of means that is used to enhance care and education delivery. mHealth include instruments, apparatus, machines or software (including mobile applications) that are involved in the delivery of healthcare services.

Medtronic plc. And athenaheath Inc. – Notable Market Players in mHealth Market

Leading companies operating in the market have undertaken various organic growth strategies in the mHealth market. The mHealth market is majorly comminated by Allscripts Healthcare LLC; Koninklijke Philips N.V.; Medtronic; Boston Scientific Corp.; athenaheath Inc.; Honeywell Life Care Solutions; Cisco Systems Inc.; Omron Corp.; Masimo; and AgaMatrix Inc. amongst others. The companies have been implementing various strategies that have helped their growth and, in turn, brought about several breakthroughs and transitions in the industry. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the market players have also deployed several utilized inorganic strategies, including mergers & acquisitions, partnerships, and collaborations.

Below are the major growth strategies undertaken by the players operating in the global mHealth market:

Year News
Feb-2022 Highmark Health has launched Dubbed Well360 Diabetes Management, a virtual care program for adults with type 2 diabetes that includes personalized care management, remote patient monitoring, and telehealth.
Jan-2022 MVP Health Care, a nonprofit payer with members in New York and Vermont, has launched a virtual primary and specialty care solution for Medicaid members.
Oct-2021 The Department of Health and Human Services has introduced a Spanish version of its mHealth app to improve healthcare access for Latinos and help patients prepare for in-person and telehealth visits.
Feb-2020 DexCom signed a commercialization agreement with Insulet Corporation, a medical device company. Under this agreement, the companies aimed to combine current and future Dexcom continuous glucose monitoring systems (CGM) with Insulet’s trusted tubeless insulin delivery Pod into the Omnipod Horizon System for automated insulin delivery.

 

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