The global market value was USD 73.1 billion in 2022, driven by the increasing demand of remote healthcare services across the globe. The market size is anticipated to grow at a CAGR of 21.9% during the forecast period of 2023-2031 to achieve a value of USD 439 billion by 2031.
The growth of the mHealth market is driven by several factors, including:
The second-largest market, fuelled by strong investments in digital health, a growing awareness of mHealth benefits, and an advanced healthcare system.
Expected to witness the highest growth rate, driven by factors such as increasing internet penetration, a growing middle class with higher disposable incomes, and rising demand for quality healthcare services.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
mHealth Market Scenario
The market status for mHealth (mobile health) reflected significant growth and increasing adoption of mobile devices and technologies in the healthcare sector. The adoption of mHealth solutions has been increasing steadily across various segments of the healthcare industry, including hospitals, clinics, patients, and payers. Factors such as rising smartphone penetration, advancements in wearable devices, and the growing demand for remote healthcare services have contributed to the widespread adoption of mHealth technologies.The growth of the mHealth market is driven by several factors, including:
- Increasing smartphone penetration and the availability of affordable mobile devices
- Growing demand for remote healthcare services, particularly during the COVID-19 pandemic
- An aging global population and the rising prevalence of chronic diseases, requiring more efficient healthcare management
- Advancements in wearable devices and IoT technology, enabling real-time health monitoring and personalized healthcare solutions
- Supportive government policies and initiatives promoting the adoption of digital health solutions
The second-largest market, fuelled by strong investments in digital health, a growing awareness of mHealth benefits, and an advanced healthcare system.
Expected to witness the highest growth rate, driven by factors such as increasing internet penetration, a growing middle class with higher disposable incomes, and rising demand for quality healthcare services.
mHealth Market Segmentations
Market Breakup by Type
mHealth Apps
- Healthcare Apps
- Medication Management Apps
mHealth Devices
- Blood Glucose Monitors
- Cardiac Monitors
- Hemodynamic Monitors
- Neurological Monitors
- Respiratory Monitors
- Body and Temperature Monitors
- Remote Patient Monitoring Devices
- Other Devices
mHealth Services
- Treatment Services
- Independent Aging Solutions
- Chronic Disease Management
- Diagnostic Services
- Monitoring Services
- Remote Patient Monitoring Devices
- Medical Call Centers Manned by Healthcare Professionals
- Teleconsultation
- Post Acute Care Services
- Wellness and Fitness Solutions
- Other Services
Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the mHealth Market
Some key trends of the market are as follows:- Devices: mHealth devices include wearable devices (such as fitness trackers, smartwatches, and medical wearables) and connected medical devices (such as blood pressure monitors, glucose meters, and ECG monitors). These devices allow users to monitor and manage their health in real-time
- Services: mHealth services include remote patient monitoring, telemedicine, and mobile health applications for healthcare providers and patients. These services enable healthcare professionals to provide remote care and support, while patients can access health information and services through their mobile devices
- Applications: mHealth applications span a wide range of use cases, such as fitness and wellness, chronic disease management, medication adherence, mental health, and women's health. These applications help users to track and manage various aspects of their health and wellbeing
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Koninklijke Philips N.V
- Abbott
- Medtronic
- Apple, Inc
- AirStrip Technologies Inc
- AliveCor India
- Omron Corporation
- BioTelemetry, a Philips Company
- Athenahealth, Inc
- AgaMatrix
- Withings
- iHealth Labs, Inc
- ZTE Corporation
- Cisco Systems, Inc
- AT&T Intellectual Property
- Qualcomm Technologies, Inc
Table of Contents
1 Preface
3 Global mHealth Market Overview
4 Global mHealth Market Landscape
5 Global mHealth Market Dynamics
6 Global mHealth Market Segmentation
7 North America mHealth Market
8 Europe mHealth Market
9 Asia Pacific mHealth Market
10 Latin America mHealth Market
11 Middle East and Africa mHealth Market
12 Patent Analysis
13 Grants Analysis
14 Funding Analysis
15 Partnership and Collaborations Analysis
16 Regulatory Framework
17 Supplier Landscape
18 Global mHealth Market-Distribution Model (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
21 Payment Methods (Additional Insight)
Companies Mentioned
- Koninklijke Philips N.V.
- Abbott
- Medtronic
- Apple, Inc.
- Airstrip Technologies Inc.
- Alivecor India
- Omron Corporation
- Biotelemetry, a Philips Company
- Athenahealth, Inc.
- Agamatrix
- Withings
- Ihealth Labs, Inc.
- Cerner Corporation
- Zte Corporation
- Cisco Systems, Inc.
- At&T Intellectual Property
- Qualcomm Technologies, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | May 2023 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 90.3 Billion |
| Forecasted Market Value ( USD | $ 439 Billion |
| Compound Annual Growth Rate | 21.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
