mHealth Market Size, Share, Growth Analysis, By Component (mHealth apps, Services), By End Use (Patient, Provider), 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).
The mobile health (mHealth) sector is witnessing significant growth, driven by advancements in mobile technology that enhance healthcare delivery and empower individuals to manage their health. This market encompasses a diverse range of applications and services designed for health monitoring, with devices such as blood glucose meters, blood pressure monitors, and pulse oximeters becoming increasingly prevalent. The demand for mHealth services, which include monitoring, diagnostic, and preventive care, is being propelled by the rising prevalence of chronic cardiac diseases-including heart attacks, hypertension, and strokes-that necessitate continuous monitoring of patients' heart health, especially those experiencing symptoms like palpitations and dizziness linked to cardiac issues. Furthermore, the growing incidence of diabetes, alongside the use of connected devices for blood glucose monitoring, further underscores the need for mHealth solutions. With the U.S. mHealth market poised for sustainable growth in the coming forecast period, the expansion is a direct response to these health challenges, as both healthcare providers and consumers increasingly turn to mobile health technologies for effective health management and improved outcomes. As the chronic disease landscape evolves and the demand for accessible health monitoring intensifies, the mHealth market is set for significant expansion, reflecting broader trends in digital health and patient-centered care.
Top-down and bottom-up approaches were used to estimate and validate the size of the global mhealth market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
global 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.
Driver of the global mhealth Market
The proliferation of smartphones and high-speed internet connections worldwide serves as a significant market driver for the global mHealth market. With the majority of the population now equipped with handheld devices, the accessibility and convenience of mobile health applications have surged, enabling seamless communication between patients and healthcare professionals. This technological advancement facilitates real-time monitoring of health conditions and enhances the ability to deliver healthcare services to remote areas. As users increasingly seek efficient and immediate healthcare solutions, the mHealth sector is poised for rapid growth, driven by the demand for innovative, user-friendly health management tools that enhance the overall patient experience.
Restraints in the global mhealth Market
Data privacy and security concerns present a significant restraint for the global mHealth market. As mobile health applications increasingly handle sensitive personal health information, potential users worry about the risk of data breaches and inadequate protection measures. This hesitancy is further amplified by high-profile incidents of cyberattacks and identity theft, leading to a lack of trust in mHealth solutions among consumers. Consequently, this apprehension may impede widespread adoption, stifling market growth as potential users opt for traditional healthcare avenues over digital solutions due to fears regarding the confidentiality and integrity of their health data.
Market Trends of the global mhealth Market
The global mHealth market is experiencing a significant upward trend driven by the integration of AI in health solutions and the expansion of telehealth services. The application of AI algorithms enables the assessment of health data, offering personalized recommendations while predicting potential health issues, which enhances the effectiveness and responsiveness of mHealth applications. Concurrently, the growing adoption of telehealth services is motivating the demand for mobile health apps and devices, as healthcare professionals increasingly provide virtual care. This dual approach not only improves accessibility, particularly in rural and underserved regions, but also empowers patients with tailored healthcare experiences, further solidifying mHealth's market growth.
Table of Contents
Introduction
Objectives of the Study
Definitions
Market Scope
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Market Overview Outlook
Supply Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Key Market Insights
Technology Analysis
Value Chain Analysis
Ecosystem of the Market
Regulatory Landscape
PESTEL Analysis
Innovation Matrix
Top Investment Analysis
Key Success Factor
Market Attractive Index
Degree of Competition
mHealth Market by Product & Service
Market Overview
Wearables & Connected Medical Devices
Vital Sign Monitoring Devices
Heart Rate Monitors
Activity Monitors
Electrocardiographs
Pulse Oximeters
Spirometers
Blood Pressure Monitors
Others
Sleep Monitoring Devices
Sleep trackers
Wrist Actigraphs
Polysomnographs
Others
Electrocardiographs Fetal and Obstetric Devices
Neuromonitoring Devices
Electroencephalographs
Electromyographs
Others
mHealth Apps
Medical Apps
Women's Health
Fitness & Nutrition
Menstrual Health
Pregnancy Tracking & Postpartum Care
Menopause
Disease Management
Others
Chronic Disease Management Apps
Diabetes Management Apps
Blood Pressure and ECG Monitoring Apps
Mental Health Management Apps
Cancer Management Apps
Obesity Management Apps
Other Chronic Disease Management Apps
Personal Health Record Apps
Medication Management Apps
Diagnostic Apps
Remote Monitoring Apps
Others
Medical Reference
Professional Networking
Healthcare Education
Fitness Apps
Services
Monitoring Services
Independent Aging Solutions
Chronic Disease Management & Post-Acute Care Services