As promising technologies paving its way into organization across all the industries, it’s opening a door to new paths and finding new approaches to the healthcare sector. Today, healthcare providers are also taking a closer look at their digital health programs and working on ways to advance access and gain improved outcomes. In this way, care providers are progressively leveraging mHealth as a medium to improve care coordination, accelerate patient engagement, maximize outreach, and enhance outcomes in addition to lessening healthcare costs.
When looking around the market insights, the global market for mHealth is set to reach USD 111.8 billion by 2025, at a growing CAGR of more than 45 percent. mHealth generally refers to mobile health where patients receive healthcare services through their mobile devices. It widely involves multimedia technologies and telecommunication with wireless and mobile healthcare delivery system. Applications under mHealth are programs installed on mobile devices that can be utilized for general health and fitness tracking, consultations, remote patient monitoring, disease management, and others. Several mobile operators, who fanatical to monetize their enormous wireless network assets, are looking mHealth as a significant revenue opportunity while several are expanding beyond to offer uninterrupted connectivity services towards end-to-end mHealth offerings like patient monitoring in remote areas.
This new approach further empowers healthcare space by providing the ample of opportunities including accelerated clinical trial innovation, medication adherence monitoring, safeguarding the supply chain and conquering forged drugs, at all. The digital therapeutics space is also on the way to emerge, as the growing prevalence of mobile applications is putting therapeutic impact.