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The global mHealth apps industry is being driven by the heightened usage of smartphones among consumers worldwide. This growth can be attributed to the increased digitalisation and the rising accessibility to internet services. Moreover, the growing consciousness concerning health and fitness is leading to a heightened adoption of mHealth apps among consumers, such as fitness apps that suggest exercise routines and help monitor the diet and nutritional intake. In addition, the growing geriatric population, which is more susceptible to infectious diseases, is leading to an increased demand for remote medical assistance.
The rising emphasis of the key market players to develop mHealth apps by applying advanced technological solutions to strengthen their efficiency is expected to positively impact the industry growth in the forecast period. For instance, in February 2020, Johnson and Johnson (NYSE: JNJ) announced the launch of Heartline in collaboration with Apple, Inc. (NASDAQ: AAPL). This virtual study aims to explore the efficiency of Heartline, a study app on the iPhone and the ECG app available on the Apple Watch, along with the irregular rhythm notification feature in reducing the risk of stroke through the early detection of atrial fibrillation. The early detection of an oncoming stroke would help reduce the risk of any adverse consequences and improve the health outcomes of the app. These developments are expected to significantly impact the growth of the mHealth apps industry in the forecast period.
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The major players in the global mHealth apps market are Abbott Laboratories, Johnson and Johnson, F. Hoffmann-La Roche AG, Novartis International AG, Samsung Electronics Co. Ltd., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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