Top 5 Companies in the mHealth Solutions Market 2023
calendar_today
21 April, 2023
person_outline
Growth Plus Reports
According to Growth Plus, Reports, the global mHealth solutions market was valued at US$ 50.50 billion in 2020 and is expected to grow tremendously at a CAGR of 32.80% to US$ 1,144.10 billion by 2031. Increased use of home healthcare services, increased penetration of 3G and 4G networks, increased use of smartphones and tablets, a growing awareness of self-health monitoring, and rising prevalence of diabetes and cholesterol-related health concerns will drive the revenue growth of the mHealth solutions market.
What are mHealth Solutions?
mHealth is the use of mobile and wireless technology to achieve health goals. mHealth applications are frequently used to educate people about preventative healthcare treatments. They're also utilized for disease surveillance, therapeutic assistance, tracking illness and epidemic outbreaks, and remote patient monitoring. mHealth provides various advantages, including the capacity to continually track, monitor, and manage specific health data without having to see a healthcare professional, and it also enables clinicians to make quick disease diagnoses.
The Top 5 Players Operating in the mHealth Solutions Market are:
- Medtronic: Medtronic is a medical device firm based in the United States. Because of its 2015 acquisition of Irish-based Covidien, the company's operational and executive offices are in Minneapolis, Minnesota, and its legal headquarters are in Ireland. The company employs over 90,000 people and operates in over 150 countries. It develops and manufactures healthcare technology and therapies. Medtronic was founded in Minneapolis in 1949.
- Apple Inc: Apple Inc. is a global technology firm based in Cupertino, California. Apple is the most profitable technology business, with a revenue of $394.3 billion in 2022. On April 1, 1976, Apple Computer Corporation was formed. Apple offers a variety of products and services, such as advertising in the App Store, the Apple News app, iPhone, iPad, and Mac, Wearables, Home Accessories, and other products.
- Koninklijke Philips N.V.: Koninklijke Philips N.V., commonly known as Philips, is a Dutch global conglomerate firm headquartered in Eindhoven that was formed in 1891. It has been primarily headquartered in Amsterdam since 1997, with the Benelux headquarters remaining in Eindhoven. Philips was formerly among the world's top electronics companies but is now only focused on health technology, having divested its other subsidiaries.
- Omron Healthcare, Inc: OMRON Healthcare Co., headquartered in Kyoto, Japan, develops and produces health equipment for home and medical use, health management software, and health promotion services. Portable ECG Monitors, Non-invasive Vascular Screening Devices, and Professional Blood Pressure Monitors are among the products offered by the company.
- Johnson & Johnson Services, Inc: Johnson & Johnson (J&J) is a medical device, pharmaceutical, and consumer packaged products global firm founded in 1886. Johnson & Johnson's corporate headquarters are in New Brunswick, New Jersey, with the consumer division in Skillman, New Jersey. The company has around 250 subsidiary companies operating in 60 countries and selling products in over 175 countries.
