As per our research Report, the Connected mHealth Devices Market is forecasted to be growing at CAGR of 9.9% from 2024 to 2030.
mHealth (also written as mhealth or m-health) is an abbreviation for mobile health, a term known for the practice of medicine and health care over smartphones, tablets, and computers. The widened utilization of mobile technology in developing nations and its rising accessibility have attributed to the rapid expansion of the mHealth field in recent years. The subfield of healthcare called as eHealth, which makes use of computers, emails, satellite communications, and monitors, is well-known to a lot of persons. On smartphones, tablets, and other portable devices, mHealth technology carries out same functions, including gathering vital signs, sending information to doctors and facilitating remote examinations.
In underdeveloped nations, mHealth highlights on obtaining immediate information for illness diagnosis, disease tracking, and timely information dissemination. In remote areas where doctors and nurses may not be present to offer treatment, mobile health (mHealth) is especially important. mHealth facilitates doctors and nurses in these remote areas to access timely information on disease management and to share actionable health information with their colleagues. Medical students and interns working in remote communities can help from this mobile health technology by gaining training and education faster on health-related topics. With the ease of obtainability and convenience of using smart devices and wearables, many individuals have started to adopt these devices to have a hold their health and fitness levels, which provides them with real-time data and feedback. Therefore, this factor pushes the demand for connected mHealth equipment globally augmenting the market expansion.
The rising scenarios of chronic diseases, including diabetes, heart disease, high blood pressure, and obesity globally is causing issue over the availability and accessibility of healthcare and forcing companies and government to take initiatives to encourage them. Connected mHealth devices offers a way for individuals to monitor their health and prevent the onset of these diseases. Therefore, this factor influences the demand for connected mHealth devices.
The global networked mHealth devices market is encountering challenges, primarily in terms of a lack of technological consciousness among the elderly population and the expense associated with connected mHealth devices. The elderly population may not be as similar with technology as the younger population or may be hesitant to enable new technologies, which can restrict the demand for connected mHealth devices. Furthermore, high-quality connected mHealth devices, which offer data with high accuracy can be expensive to individuals with lower incomes or limited access to healthcare. Thus, these hurdles inhibit the growth of the global connected mHealth devices market. Updated sensor technology and the integration of advanced technologies in linked mHealth devices present lucrative offers in the global Connected mHealth Devices market. Connected mHealth devices can capture more detailed and accurate health data and give more personalized insights and recommendations based on a patient's health data with the combination of advanced technologies, including artificial intelligence (AI) and machine learning (ML), and enhanced sensor technology. This may result to more accurate diagnoses, earlier detection of health concerns, and more effective treatment recommendations.
The outbreak of the COVID-19 pandemic substantially affected the global connected mHealth devices market. The imposition of strict lockdowns, travelling restrictions, and social distancing measures across several nations hindered many companies' manufacturing capacities and caused a shortage of skilled workforce. The pandemic resulted disruptions in supply chains and distribution of goods and services, which highly affected the distribution of connected mHealth devices. These factors adversely impacted the growth of the global connected mHealth devices market. However, as patients sought ways to monitor their health from home and communicate with healthcare providers remotely, the pandemic escalated the adoption of remote healthcare services like telemedicine and remote patient monitoring. Additionally, there has been a shift toward the management of chronic diseases as healthcare resources have been transformed to the pandemic. Remote monitoring of chronic diseases using linked mHealth devices helped to minimize disease exacerbations and reduce the need for in-person visits. These factors positively resulted the market's growth. Therefore, the global connected mHealth devices market experienced both challenges and opportunities during the tough time of the COVID-19 pandemic.
Key Market Insights:
In 2022, the blood glucose meter segment held the largest market share. The growth can be directed to the rising incidence of diabetes among both the elder and young populations. Furthermore, the technological upgradations in blood glucose meters over the years, such as continuous glucose monitoring (CGM) systems, to offer more accurate results and decrease the number of frequent blood draws further influences this segment's growth.
In 2022, the exercise and fitness apps sector held the highest market share. The growth can be attributed to the increased stress on fitness and wellness among individuals accelerated by the COVID-19 pandemic, which facilitated individuals to stay active and fit from the safety of their homes. Moreover, the customisation feature in fitness apps for workout and training routines and the integration of fitness apps with wearable devices further pushes this segment's growth.
In 2022, the smart wearables segment dominated the market. The growth can be directed to the features that smart wearables, such as smartwatches and fitness bands, possess. These smart wearables are devised with multiple sensor technology, which enables individuals to track and monitor their physical activity, heart rate, blood oxygen levels, sleep patterns, and other health-related data. In addition, the grown demand for remote patient monitoring and telehealth services also propels this segment's development.
In 2022, the region of North America held the largest segment of the global connected mHealth devices market. The growth can be directed to the rising adoption of smartphones, internet penetration, the presence of modern IT and telecommunications infrastructure, and the growing adoption of digital technologies in the healthcare industry. The increased scenarios of various diseases, such as diabetes, sleep apnea, hypertension, cardiovascular diseases, and obesity, among the geriatric population, further pushes the region's growth. Moreover, the region is home to several primary market players, including Garmin Ltd., Fitbit, Inc., iHealth Labs, Inc., Dexcom, Inc., and AirStrip Technologies.
Apnea & Sleep Monitors
Blood Glucose Meters
Blood Pressure Monitors
ECG/ Heart Rate Monitors
Pulse Oximeters
Neurological Monitors
Multiparameter Trackers
Others
Remote Monitoring Apps
Diagnostic Apps
Medication Management Apps
Personal Health Record Apps
Exercise & Fitness Apps
Diet & Nutrition Apps
Lifestyle & Stress Management Apps
Others
Home Medical Devices
Smart Wearables
Smartphones
Others
Geriatrics
Adults
Pediatrics
North America
Europe
Asia-Pacific
Middle East & Africa
South America
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