The global medical mobile app market is rising significantly due to increase in demand for remote patient monitoring in emerging markets and an upsurge in cost related to treatment of chronic diseases. According to the market intelligence report by BIS Healthcare titled ‘Global Mobile Medical Apps Market - Analysis and Forecast (2017-2025)’, the revenue generated by the market in year 2016 was $1.40 billion and is anticipated to reach $11.22 billion by the end of year 2025. This growth is driven by the evolving mobile revolution in healthcare and growing adoption of mobile computing among care givers to improve the accuracy and speed of diagnosis and treatment.
Further, to maintain the competition in market the leading players are adopting various strategies, wherein merger and acquisition is the most extensively used strategy, as in the past four years, the tual care provider. The acquisition was aimed at reinforcing Avizia’s position as the largest and most market witnessed 19 significant merger and acquisition. The chief aim of most of these acquisitions is to expand the product portfolio by acquiring mobile apps and telehealth companies with promising growth potential. For instance, Avizia, a telehealth company acquired Carena, Seattle -based leading vircomprehensive telehealth solutions for health systems.
Earlier, on 20th November 2017, well known company Dario Health Corp. announced in a press release about its 3.5 updated version of My Dario app. In the updated version of app, there are weight log and barcode scanner. The weight log seamlessly integrates with Dario’s intuitive logbook and charts also it will enable the customer to see their diabetes snapshot and can track their weight.
On 16th November 2017, Propeller Health and Express Scripts announced a strategic partnership to provide Propeller’s FDA-Cleared digital solution to Express Scripts member using inhaler sense and a mobile app to manage asthma or COPD. On this David Van Sickle, Co- founder and CEO of Propeller said, “With data and guidance from Propeller, members can expect to improve the self- management and to receive timely, supportive assistance from the clinical respiratory team at Express Scripts.”1
On 24th July 2017, in a press release, Dario Health Corp. a leading global digital health company announced its partnership with CCS Medical. Through this agreement Dario Health is providing live data access to CCS Medical for patients that join the Living Connected clinical program using the Dario Health native smartphone app.
In the past four years, the market witnessed 19 significant merger and acquisition. The chief aim of most of these acquisitions is to expand the product portfolio by acquiring mobile apps and telehealth companies with promising growth potential. For instance, Avizia, a telehealth company acquired Carena, Seattle -based leading virtual care provider. The acquisition was aimed at reinforcing Avizia’s position as the largest and most comprehensive telehealth solutions for health systems.