USD 51.8 billion
mHealth Market Size, Share, Growth Analysis, By Type (mHealth Devices, and mHealth Services), By Application (Cardiovascular, Diabetes, Respiratory, Neurology and Others), By Stakeholders (Mobile Operator, Device Vendors, Healthcare Providers, Application & Content Players), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2235 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
92
|Figures:
76
mHealth Market Insights
Global mHealth Market Size was valued at USD 55.20 Billion in 2022 poised to grow from USD 62.82 Billion in 2023 to USD 176.69 Billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).
Mobile health (mHealth), so named as it involves using mobile technology for healthcare purposes. This is achieved by developing a wide range of mobile health applications and services which use mobile technology to improve healthcare delivery, enhance health outcomes and empower individuals to manage their own health. Numerous mHealth devices for health monitoring are blood glucose meters, blood pressure monitors, pulse oximeters and other medical devices - all available in wide range. These various mHealth services provided by health professionals include monitoring services, diagnostic services and preventative services among others.
The rise in chronic cardiac diseases like heart attacks, hypertension, and stroke is fueling the growth of the global mHealth market. These diseases also raise the need for mHealth devices to monitor the heart health of patients who frequently experience symptoms like palpitations, dizziness, or fainting spells, which are linked to cardiac irregularities. Additionally, people with diabetes can keep an eye on their blood glucose levels due to linked gadgets and mobile health applications (mHealth apps). Thus, it is anticipated that a rise in the prevalence of diabetes will accelerate the expansion of the mHealth market share.
US mHealth Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Wearable’s
Fastest Growth
Wearable’s
Growth Rate
10.8% CAGR
Global mHealth Market ($ Bn)
Country Share by North America (%)
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mHealth Market Segmental Analysis
The global mHealth market is segmented based on Type, Application and Stakeholders. In terms of Type, the market is divided into mHealth Devices and mHealth Services. Based on the Application, the market is grouped into Cardiovascular, Diabetes, Respiratory, Neurology and Others. Based on the Stakeholders, the market is segmented into Mobile Operator, Device Vendors, Healthcare Providers and Application & Content Players. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
mHealth Market Analysis by Type
As per categorization by type, the market is classified as mHealth devices and mHealth services. Among these, mHealth devices earned the largest share and continue to dominate the market. Real-time health monitoring, individualized care, and remote patient management are made possible by mHealth devices, which are transforming the worldwide mHealth market. Their domination is explained as to why they have all those features. Many reasons can be given for all these reasons. In wearable health technology, there has been an increase in consumer demand due to Internet of Things advancement and easy accessibility of healthcare services effective enough for managing chronic diseases and preventive care.
The global mHealth market will see mHealth services developing at the fastest rate due to the increasing use of mobile phones, increasing dependence on telemedicine as well as availability of cheap and accessible healthcare services. Such services include personalized care, remote consultations and health management services meeting the demands for easy and efficient health care delivery
mHealth Market Analysis by Stakeholders
All around the world, device manufacturers are dominating the mHealth industry due to wearables, smart sensors and advanced health monitoring gadgets. The main reasons for their dominance are continuous product innovations, integration into mobile platforms as well as increasing consumer’s demand for accurate health monitoring and real time information which improves holistic health management and outcomes.
Due to their extensive telecommunications backbone, mobile carriers are forecasted to grow fastest in the global mHealth market, making mHealth services widely reachable. They are in the best position ever to promote the development of healthcare applications using mobile devices through capacity for smooth transmission, transfer of information and incorporating health applications together.
Global mHealth Market By Type (%)
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mHealth Market Regional Insights
The leading country in global mHealth market is North America due to its advanced healthcare system, high adoption of technology rate and large investment made into digital health advancements. It benefits from high technology skills among customers; a strong base of people with wearable devices and mobile phones; enabling laws for the growth of mHealth. Moreover, substantial backing from public and private entities makes mobile health research as well as development move faster. The existence of important technology organizations and health care givers makes it more likely that North America will be an important player in global mHealth market trends and thus maintaining its leadership within the region’s market.
Due to its rapidly increasing population, increasing usage of smartphones and increasing demands in healthcare are leading to the fastest growth rate of global mHealth market in Asia-Pacific region. The economic development of nations such as China and India are responsible for the growing need for accessible and affordable health solutions; at the same time, the advancement in mobile technology and infrastructure has been driving mHealth adoption. M-health has begun to thrive due to factors, including the management of chronic diseases and lack of access to traditional healthcare systems in rural regions. Furthermore, the support from governmental initiatives and investments toward digital health technologies are serving as catalysts for creativity and expansion; this is making Asia-Pacific a lively and rapidly evolving hub for mHealth.
Global mHealth Market By Geography
- Largest
- Fastest
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mHealth Market Dynamics
mHealth Market Drivers
Growing Use of Smartphones and Internet:
- One of the factors driving the expansion of the global mHealth market is the proliferation of smartphones and fast internet connections globally. The availability of these technologies has made it easier to use mobile health apps, talk to health professionals from afar, and keep track of patients’ conditions as they happen; therefore, promoting health services reachability and comfort of access to health care provision.
Escalating Chronic Illness Burden:
- The increasing occurrence of perpetual ailments like diabetes, high blood pressure, and heart illnesses drives the demand for mHealth options. Mobile health tools and programs offer continuous monitoring, data tracking, and management mechanisms to help patients effectively handle their conditions to achieve improved well-being.
mHealth Market Restraints
Data Security and Privacy Risks:
- mHealth apps for managing sensitive health information pose risks to data privacy and security. The market may not gain momentum owing to concerns relating to possible breach of security or lack of the necessary protection, hence discouraging users from embracing mHealth solutions.
Regulatory and Compliance Challenges:
- Global mHealth market is received with hard laws and regulations which differ from region to region and may hinder the growth in the markets. The difference in regulatory frameworks such as data security laws, medical device classification rules and privacy restrictions forces developers to spend time on compliance, hence impeding the technology's acceptance by the market.
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mHealth Market Competitive Landscape
In a tightly competitive environment, the leading companies in the global mHealth market are stimulating innovation and growth. Major transnational companies include Philips Healthcare, which is known for its advanced health monitoring devices; Apple, whose products focus on health-minded wearables; and Fitbit, a leading name in physical activity tracking. The other noteworthy participants include IBM Watson Health that employs AI in the analysis of health information and Samsung Health which offers all-inclusiveness health care management systems. Through advanced technologies and strategic interactions, these firms are redefining the industry.
mHealth Industry Top Player’s Company Profiles
- Philips Healthcare (Netherlands)
- Apple, Inc. (USA)
- Fitbit Inc. (USA)
- Samsung Electronics (South Korea)
- IBM Watson Health (USA)
- Garmin Ltd. (USA)
- Huawei Technologies (China)
- Xiaomi Corporation (China)
- Medtronic plc (Ireland)
- Omron Healthcare (Japan)
- Withings (France)
- Trek Medics International (USA)
- Qardio Inc. (USA)
- AliveCor (USA)
- BioTelemetry Inc. (USA)
Recent Developments in mHealth Industry
- In September 2024, Incorporated into the design of Apple Watch Series 10 is a feature that makes it possible for glucose monitoring to be improved without any finger stick tests by Apple Inc. The user’s wrist is utilized by this non-invasive method to deliver instant blood sugar measurements and thus promote better management of diabetes.
- In July 2024, The HUAWEI Watch GT 4 was revealed by Huawei Technologies, which has improved health tracking features such as blood oxygen saturation monitoring and an ECG. In addition, this wristwatch uses some artificial intelligence algorithms to improve the accuracy of detecting heart disorders and wellbeing at large.
- In August 2024, The Medtronic CareLinkTM, a new remote patient monitoring platform, was introduced by Medtronic plc. By providing real-time data integration from several health devices, this platform improves the management of chronic diseases and enables healthcare providers to make better decisions and achieve better patient outcomes.
mHealth Key Market Trends
Emergence of mHealth Solutions Driven by AI to Improve Personalization:
- The use of AI in mHealth solutions is transforming personalized healthcare. Health data are evaluated through artificial intelligence (AI) algorithms, personalized recommendations are given, while potential health problems are anticipated before they occur. Due to this trend, mHealth apps and gadgets are becoming more effective and responsive to users' unique health demands.
Extension of Services for Telehealth Motivating Adoption of mHealth:
- The global mHealth market is being greatly assisted by the increasing use of telehealth services. The need for mobile health apps and telemedicine-supporting gadgets is growing as more healthcare professionals provide virtual care and distant consultations. Access to healthcare is being increased by this trend, particularly in rural and underdeveloped regions.
mHealth Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, to summarize, the global mHealth market worldwide is growing quickly due to new developments in mobile based health policies and rise in chronic diseases. Leading the growth are mHealth instruments like wearables that track heart activity and surveillance devices for blood sugar levels, supported by high demand from consumers and progress in technology.
Expanding telehealth services are driving the market as well by providing more accessible and easier-to-use health care options. The market is characterized by its dynamism and looming opportunities despite challenges such as data security issues and regulatory complexities driven by key players as well as emerging technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 55.20 Billion |
| Market size value in 2031 | USD 176.69 Billion |
| Growth Rate | 13.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on mHealth Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on mHealth Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the mHealth Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the mHealth Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the mHealth Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the mHealth Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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