In recent years, mobile phones, especially smartphones, have become an integral part of human life. Fortunately, with the advancement of technology, the approximate assessment of health through the mobile phone has become possible. In addition to the disease burden, the spread of chronic diseases imposes heavy financial costs on governments, so the prevention and control of non-communicable diseases is the main program of most countries. Basically, mobile Health monitoring can control key health factors in non-communicable patients and warn when problems arise. With the increasing penetration of smart phones and the advancement of technology, a variety of software with high capabilities for monitoring and controlling diseases have been developed which are able to continuously monitor health control.
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Market / Industry segment of mobile health market
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2018 | 34.28 | 8 | 29.10% | Fortunebusinessinsights |
| 2019 | 30.2 | 6 | 38.50% | GMInsghts |
| 2019 | 40.8 | 8 | 29.20% | Grandviewresearch |
| 2019 | 40.8 | 8 | 29.20% | Yahoofinance |
| 2020 | 25.17 | 5 | 36.65% | Medgadget |
Influencing factors that changes market size of mobile health
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of mobile health market.
Direct drivers:
- Number of smartphones
- Prevalence of chronic diseases
- Digitization
- The population of Generation Z and Millennials
Reverse drivers:
- Smartphone price
- Infrastructure costs
- Health risks of smartphones
Your startup has crossed Death Valley, and it has had at least 2 funding rounds? Discounted Cash Flows (DCF)
Your startup has had at least one funding round, you are advised to use Multiples method for valuation.
Your startup is at pre-seed and seed funding rounds, you are advised to use the Score Cards Method, Risk Factors Summation method to value your startup.
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of mobile Health market may also be threatened by the following risks:
- Technology risk
- Legislation risk
- Competition risk
- Reputation risk
