How Is mHealth Technology Enhancing Patient Care?

The adoption of mobile health (mHealth) connected devices, such as blood pressure monitors, pulse oximeters, blood glucose monitors, sleep apnea monitors, multiparameter monitors, and electrocardiogram (ECG) monitors, has surged over the years, on account of the rising prevalence of chronic disorders and easy mobility of these devices. Among the various products, the demand for blood glucose monitors is expected to escalate in the coming years, due to the increasing cases of diabetes. For instance, the World Health Organization (WHO) states that nearly 629 million people will be affected by diabetes by 2045.

Browse detailed report on mHealth Market - Global Industry Analysis, Technology Trends and Demand Forecast to 2023

Furthermore, application of mHealth devices and services has significantly increased, due to the rising penetration of tablets, smartphones, and other mobile platforms, especially in developing countries. Mobile users in these economies are rapidly switching to smartphones, due to the affordability of 3G and 4G spectrums and the increasing adoption of mobile applications. This has led to the high adoption of healthcare apps in these countries. Moreover, advancements in mobile technologies and apps have immense potential to transform mHealth technology.

In recent years, North America has registered the highest adoption of mHealth connected devices, services, and apps. This can be ascribed to the escalating incidence of chronic and lifestyle-associated ailments, augmenting healthcare spending, growing elderly population, and improving accessibility to connected medical devices. The high populace of the elderly with chronic disorders fuels the demand for remote monitoring devices and several other patient-centric mobile applications. According to the United Nation Department of Economic and Social Affairs (UNDESA), the population of people aged 60 years or above in North America is estimated to reach 122.8 million by 2050.

Major players in the mHealth market, such as Medtronic plc, AirStrip Technologies Inc., Koninklijke Philips N.V., Athenahealth Inc., OMRON Corporation, AgaMatrix Inc., Johnson & Johnson, AliveCor Inc., iHealth Labs Inc., and Cisco Systems Inc., are acquiring related enterprises and entering into partnerships for introducing novel digital health solutions. For example, in March 2018, Koninklijke Philips N.V. partnered with Samsung Electronics Co. Ltd. to expand its connected health ecosystem. The partnership aspires to connect the ARTIK Smart IoT platform of Samsung with the HealthSuite digital platform of Philips.

Thus, the increasing penetration of internet devices and the rising incidence of chronic diseases among the older population will boost the adoption of mHealth devices and apps in the coming years.

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mHealth Market Growing due to Increasing Chronic Disease Menace

The increasing usage of smartphones and connected devices and surging geriatric population, prevalence of chronic diseases, focus on patient-centric healthcare services, and demand for remote patient monitoring services are driving the adoption of mobile health (mHealth). The mHealth market generated $23.0 billion in revenue in 2017, which is predicted to grow at a CAGR of 33.5% during the forecast period (2018–2023), to ultimately reach $132.2 billion by 2023. The term refers to the provision of healthcare services via mobile phones and other telecommunication devices.

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Blood glucose monitors, blood pressure monitors, multiparameter monitors, electrocardiograph (ECG) monitors, sleep apnea monitors, and pulse oximeters are among the various connected devices available. Among these, blood glucose monitors are expected to experience the fastest growth in the market, at a CAGR of 31.9%, during the forecast period. This would be due to the growing prevalence of diabetes, as a result of the changing lifestyle and food habits of people across the world.

The rising incidence of chronic diseases, including diabetes, cancer, stroke, heart diseases, and chronic obstructive pulmonary disease (COPD), is one of the key mHealth market growth drivers. Patients suffering from such conditions need continuous monitoring and strict adherence to medication schedule. With mHealth devices and apps, patients can not only monitor their own condition, but also receive timely advice from their doctors, without having to go anywhere. In addition, several mHealth apps alert patients about any anomalies and drug dose time.

The availability of 3G and 4G internet is also leading to the rising adoption of smartphones, which, together with the increasing awareness on the advantages of mHealth, is driving the market. Additionally, mobile devices are increasing penetrating across developing regions; as per the 2017 African Mobile Trends Paper, 960 million people or around 80% of the African population were mobile phone subscribers. Further, the U.S. Food and Drug Administration (FDA) had claimed that around half of the total 3.4 billion smartphone and tablet users would download healthcare apps in 2018.

Therefore, as more people purchase mobile communication devices and realize their advantages in the area of health and wellbeing, the market for mHealth will keep prospering.

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