According to the research report titled ‘North America mHealth Market Size By Application, Platform, End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, North America mHealth market is expected to cross a valuation of USD 113 billion by the year 2026.
 

Increasing smartphone and internet penetration have impelled the adoption of mobile healthcare applications, which in turn is a major factor driving the growth of North America mHealth market. Additional parameters such as technological advancements in wearable devices and e-prescription systems along with increased pervasiveness of chronic conditions are also stimulating the industry outlook.
 

Rising adoption of patient monitoring devices is also adding traction to North America mHealth market. However, issues with effectiveness of certain devices, rising concerns regarding data security, and lack of widespread awareness may act as restraining factors to the growth of the overall market.
 

As per platform type, mobile apps segment of North America mHealth industry generated revenues worth USD 7,877.2 million in the year 2019 and is expected to register similar growth trends in the ensuing years. Increasing utilization of smartphones as well as healthcare apps, growing demand for online fitness solutions, and high occurrence of chronic conditions are fueling the segmental share.
 

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Elaborating on the application reach, the report claims that disease and epidemic outbreak tracking segment held substantial North America mHealth market revenue share in the past year and is expected to grow by 41% over 2020-2026. Rising prevalence of obesity along with widespread adoption of online diagnosis and consultation services, especially during the ongoing Coronavirus pandemic, are favoring the market outlook in North America.
 

Citing the end-user spectrum, North America mHealth market size from physicians segment reached a valuation of USD 3,431.1 million in the year 2019. The growth can be attributed to high adoption of digital solutions in healthcare infrastructure along with escalating medical expenditure. Physicians are using mHealth applications in order to cater to the patient demands efficiently, which in turn is positively impacting the overall market scenario.
 

From the geographical point of view, the report states that Canada is expected to grow rapidly by 42.8% through 2026. Increasing number of patients with chronic conditions including cardiovascular diseases, hypertension, and obesity, favorable government initiatives, high concentration of leading companies, and easy availability of mHealth services are complementing the business outlook in Canada.
 

Bayer AG, BioTelemetry Inc., AT&T Inc., Qualcomm Inc., Boston Scientific Corp., Masimo Corporation, CardioNet Inc., Koninklijke Philips N.V., Apple Inc., and Allscripts Healthcare Solutions Inc. are the key competitors in North America mHealth market.
 

Question & Answer: North America mHealth Market
 

Question 1: What factors are fostering the growth of mHealth market in North America?
 

Answer: Increasing smartphone and internet penetration, technological advancements in wearable devices and e-prescription systems, and increased pervasiveness of chronic conditions are stimulating North America mHealth industry outlook.
 

Question 2: Why are mHealth mobile apps witnessing high demand in North America?
 

Answer: Increasing utilization of smartphones as well as healthcare apps, growing demand for online fitness solutions, and high occurrence of chronic conditions are fueling the popularity of mHealth mobile apps in North America.
 

Question 3: How is the competitive landscape of North America mHealth market defined?
 

Answer: Bayer AG, BioTelemetry Inc., AT&T Inc., Qualcomm Inc., Boston Scientific Corp., Masimo Corporation, CardioNet Inc., Koninklijke Philips N.V., Apple Inc., and Allscripts Healthcare Solutions Inc. are the key competitors in North America mHealth market.