MHealth (Mobile Health) includes all those companies dedicated to the development of mobile technology to manage people's health and wellbeing. This technology can be used by both healthcare employees and patients to collect, store and analyse information related to their health.
In our industry analysis, 443 companies classified globally under the label "MHealth" have been analysed from 2010 to October 2019.
Since 2010, 400 companies have been created in the MHealth sector. That is, 400 of the 443 analysed. The vast majority of the companies dedicated to MHealth have been created in the last 9 years, which leads us to conclude that this is an innovative, emerging sector with a very short history.
In addition, a total of 91 financing rounds have been launched, half of which have been at the seed stage. Seed or seed of start-ups, and a further 18 in Early Stages. This confirms the assumption that MHealth is a growing sector.
One of the leading companies in this market is the US-based StrykerThe company is a medical technology company valued at more than 75.5 billion dollars. Another relevant company in the sector is the also American company AllscriptsThe company is valued at 1.84 billion dollars.GROWTH
As for the acquisitions In the sector, 53 MHealth companies have been acquired by third parties, while 59 MHealth firms have carried out acquisitions.
Undoubtedly, 2016 was the year with the most M&As in the sector, 15 to be exact. The second year with the most acquisitions was 2015, with 9 operations in total. In this last year, 2019, 8 acquisitions took place. As can be seen, the number of M&As has decreased in recent years. However, it is still a considerable number of deals for such an immature market.
One of the most important acquisitions of 2019 has been that of strategic design company Mad*Pow by the Indian company Tech Mahindra. In addition, in 2018, the well-known company Philips Healthcare acquired OBMedical, one of the most talked-about deals of recent years.