What is the global market size of mHealth Market?

mHealth Market size was valued at USD 51.8 billion in 2021 and is poised to grow from USD 56.8 billion in 2022 to USD 130.6 billion by 2030, growing at a CAGR of 10.8% in the forecast period (2023-2030).

Who are the key vendors in the Global mHealth Market?

Global mHealth market is fragmented and highly competitive. The market is moderately consolidated with few key players operating on global and regional levels. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Apple, Inc.', 'Medtronic plc.', ' Google ', ' Samsung ', ' Philips ', ' Qualcomm ', ' Cisco Systems ', ' Johnson & Johnson ', ' Cerner ', ' GE Healthcare ', ' Athenahealth ', ' Teladoc Health ', ' Doctor on Demand ', ' Livongo Health ', ' Proteus Digital Health ', ' Omada Health ', ' 2Morrow ', ' WellDoc ', ' iHealth Labs ', ' Ginger '

What is the key driver of Global mHealth Market?

The increased global demand for smartphones is one of the key factors driving the mobile health market. Many people own several smartphones, cell phones, and tablets, and the Center for Technology Innovation reports that with the increased use of smartphones, users can access a variety of healthcare-related services via wireless multimedia. This is expected to drive the adoption of mHealth services. The rising desire for better communication and information at the point of care is boosting mobile health adoption among healthcare providers. Communication capabilities in Hospital Information Systems (HISs), Electronic Health Records (EHRs), Electronic Medical Records (EMRs), Clinical Decision Support Systems (CDSS), Picture Archiving and Communication Systems (PACS), and Laboratory Information Systems (LIS) are ideal in a clinical setting. Increasing the adoption of these systems is expected to have positive impact on the global market.

What is the key market trend for Global mHealth Market?

Increasing adoption of the latest technologies such as artificial intelligence, data analytics, and 5G is expected to drive the market over the forecast period. The combination of these new technologies with mHealth can enhance patient care and is expected to provide significant growth opportunities to market participants in the near future.

Which region accounted for the largest share in Global mHealth Market?

North America accounted for 37.1% of revenue in the global mHealth market in 2021 due to several factors such as rising healthcare costs, the incidence of chronic diseases, growing senior population, and highly established network infrastructure. Also, favorable government initiatives and increased use of mobile healthcare applications are driving the region's need for mHealth services. Additionally, the increasing incidence of cardiovascular diseases in the region is increasing the demand for real-time monitoring. The availability of mHealth apps that can provide real-time information about cardiovascular health can help prevent significant health problems and reduce sudden cardiac death.

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

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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.

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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).

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. '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)'

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.

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.

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.

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What is the global market size of mHealth Market?

Who are the key vendors in the mHealth Market?

What is the key driver of mHealth Market?

What is the key market trend for mHealth Market?

Which region accounted for the largest share in mHealth Market?

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