India MHealth market is projected to grow at a CAGR of 10.11% to reach US$163.835 million by 2026, from US$83.491 million in 2019.
MHealth apps allow today's customers to track their health In an individualized manner. It also helps the users to talk to health care professionals whenever required. One can monitor his/her health in real-time and can consult a doctor in case of any abnormalities at the click of a button. It also allows the physicians to monitor their patients in a relatively lesser time and helps them in minimizing errors. With a lifestyle change, the consumer's demand to monitor their health is increasing rapidly.
A major reason for the growth of this market is the increase in the number of smartphone users and internet accessibility in India.
According to the India Cellular and Electronics Association, more than 500 million people used smartphones in 2019, in India. The country has the second-largest number of internet users in the world. The total number of subscribers, as of 2020, in India was 795.18 million. With greater accessibility to smartphones and the internet, people are becoming more aware of the various mobile applications available. The increase in the usage of the smartphone has surely driven the mhealth application market.
Their government expenditure on mhealth and the spread of Non-Communicable diseases is expected to drive the demand for this market in the forecast period.
The Government of India is consistently promoting the use of mHealth applications to alter the health care landscape in the country. Through mHealth applications, the government aims to improve health care access in both rural and remote areas and magnify quality patient care in urban areas. The Ministry of Health and Family Welfare established National Digital Health Mission to facilitate the people with the best available doctors, digitally, within a short period.
Non-communicable diseases are prevalent in India, and most health tech apps focus on this area and enable their users to monitor their health 24/7 beyond the doctor's visit. As a greater number of people are getting health conscious, they are likely to use mhealth apps to monitor their daily activities. The health market is expected to witness a spike from both the demand and supply sides.
The epidemic of COVID-19 is anticipated to act as a key driver and fuel the growth of this market.
According to the World Health Organization, India has witnessed 2,99,77,861 confirmed COVID-19 cases from January 2020 to June 2021. India has also witnessed the largest number of deaths. With people becoming more health enthusiasts, there arises a need for self-monitoring. Also, the social distancing norm has made it a necessity to consult a physician at home, digitally. The outbreak of COVID-19 can potentially boost the mHealth app market and allow the developers to improve the application.
|Market size value in 2019||US$83.491 million|
|Market size value in 2026||US$163.835 million|
|Growth Rate||CAGR of 10.11% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Application, Wearable Devices, And Services|
|Companies covered||Peerbits, Cocept Infoway, Ormon Healthcare Inc., Philips Healthcare, India Medtronic Pvt. Ltd., Mindinventory, Space-O Technologies, Mobibiz|
|Customization scope||Free report customization with purchase|
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. India M Health App Market, By Wearable Devices
5.2. Glucose Meter
5.3. Cardiac Monitors
5.4. Neurological Monitors
5.5. Blood Pressure Monitor
5.6. Respiratory Monitors
5.7. Body and Temperature Monitors
6. India M Health App Market, By Services
6.2. Fitness and wellness
6.3. Remote monitoring consultation
7. India M Health App Market, By Application
7.2. Women’s health
7.3. Weight loss
7.4. Chronic care management
7.5. Health and fitness
7.7. Personal health record
8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. Company Profiles
9.2. Concept Infoway
9.3. Omron Healthcare Inc.
9.4. Philips healthcare
9.5. India Medtronic Pvt Ltd.
9.7. Space-O Technologies
Ormon Healthcare Inc.
India Medtronic Pvt. Ltd.
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