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

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.