The global Mobile (mHealth) market size is appropriate to reach USD 156. 42 billion by 2030 from 35.14 billion in 2022, witnessing a CAGR of 36.56% during the forecast period.
mHealth is a digital device and a branch of eHealth which deals with gathering patient data. mHealth app is used in the healthcare sector, and public health is aided by mobile devices like wireless infrastructure, digital assistants, and tablets.
mHealth apps provide a wide range of uses like easy access to healthcare providers, making remote patient monitoring possible, and advancing clinical coordination. mHealth is the employment of mobile technologies providing healthcare solutions throughout the patient journey. mHealth aims to enable patients with information and management of their own health. The mHealth apps help in minimizing the cost and increasing access across the system.
The mounting aged population with growing frequent chronic diseases like diabetes, cancer, etc., patients are highly adopting mHealth devices to keep track of health-related information like emergencies, imaging tests, etc. The factors help in pushing the mHealth market forward. People are more aware of using mobile health apps by government, physicians, app development firms, and hospitals fuel the market growth during the predicted period.
The rising use of smartphones, and the internet through mobile phones across developed and developing countries has significantly risen fostering the market growth. Around 4.3 billion independents are using the internet actively. The use of mHealth apps for communication and training is nourishing, and the increasing demand to develop communication amid healthcare units to accelerate patient care is essential.
However, certain elements like security and privacy issues severely affect the process, execution, and reputation of mHealth hindering the market growth globally. The use of the mHealth app is creating huge losses among physicians and hospitals towards confidential and critical information.
The remote patient monitoring devices dominated the mHealth market with a 63.2% share in 2022. The growing demand for remote patient monitoring post-acute care, rising frequency of occurring chronic diseases helps in mounting the mHealth market growth. The market key players are investing a high budget in mHealth Services for patient monitoring stimulates the growth of the mHealth market.
Wellness and Fitness Solutions segment to produce ample growth during 2022-206. The wellness management apps are holding a promising growth owing to the growing demand for fitness apps. Following a proper diet and regular exercises to maintain a healthy body is trending and quick access to certain dietary plans and workout routines, erasing the need for the requirement to hire trainers. The factors help is accumulate the flourishing mHealth growth.
On the basis of device type, the blood glucose monitor is projected to dominate the mHealth market globally. The segment growth ascribes to the rising number of people suffering from various disorders.
By stakeholders, the mobile operator's segment is accounted to have the largest share in the mHealth market during the forecast period in terms of the revenue share of 45.7% in 2022. The surge in 3G and 4G technologies, along with an increasing number of mobile subscribers flourish the market growth. Also, the number of market partnerships is rising fuels the mHealth market growth further.
The content players/application mHealth segment is witnessing a quick CAGR growth rate across the prognosis period. A huge population is using smartphones with the growing trend for diverse applications among communication and other reasons. The factor results in the enhancement of different healthcare apps successfully delivering various mHealth services.
Regionally, North America dominates the mHealth market during the predicted period. Most people are using mobile health applications, smartphones, and mobile technology make it possible in using both clinical and lifestyle applications in educating, changing health behaviors. The U.S. is the largest market with the highest share in North America. The growing elderly population they are more exposed to chronic diseases like cardiovascular, diabetes, and other diseases. In 2022, 16.2% of the population aged 65 years and above, in the U.S. The U.S government has taken some initiatives like "telehealth and telemedicine toolkit " providing three main virtual services. The massive use of mobile phones and internet by the physicians across the U.S resulted in the growth of mobile health solutions.
The European mHealth market is accounted for having substantial growth worldwide. The factors that contribute major share to the mHealth market include advanced technologies and software updates. Nearly 50% of the European population is using mobile fitness and wellness apps.
However, Asia-Pacific is anticipated to witness expanding growth during 2023 - 2030. The region's growth owes to growing chronic diseases will strongly enhance the mHealth market. mHealth market is experiencing strong growth in countries like India, and Japan. The market in these two countries owes to the rising elderly population, and increasing healthcare expenses.
The factors influencing the mHealth market in countries like India, and China include uncontrolled population, and in countries like Japan and Singapore owing to the rising aged population.
Latin America and the Middle East & African regions are to have steady growth in the mHealth market due to growing developments in telecommunication networks, and the mHealth services demand is mounting is estimated to rise over the forthcoming years.
In February 2022, BioTelemtry Inc. was acquired by Philips, a U.S based remote cardiac diagnostics and monitoring services provider.
Recent Market Developments
COVID-19 Impact on the global Mobile Health (mHealth) Market
The coronavirus (COVID-19) has positively influenced the mobile (mHealth) market. Mobile (mHealth) appeared as a rescuer. Mobile (mHealth) solutions are through smartphones and remote monitoring which became a lifeline for consultation. The increasing number of COVID cases supports increases the mobile health solutions shortly. The pandemic situation has risen the telehealth and mobile health solutions like tele-ICU giving care and support to the patients efficiently.
During the pandemic crisis, the revenue for mHealth is on-demand and is to surge. By maintaining social distance, digital services adoption is increasing throughout the COVID-19 pandemic period. Many people are using mHealth apps than visiting hospitals. The mHealth apps collect patient data and healthcare professionals go through the app and guide the patients.
Chapter 1. Global Mobile Health (mHealth) Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Mobile Health (mHealth) Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Global Mobile Health (mHealth) Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Mobile Health (mHealth) Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Mobile Health (mHealth) Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Mobile Health (mHealth) Market – By Service Type
6.1. Treatment Services
6.1.1. Independent Aging Solutions
6.1.2. Chronic Disease Management
6.2. Diagnostic Services
6.3. Monitoring Services
6.3.1. Remote Patient Monitoring Devices
6.3.2. Medical Call Centers Manned by Healthcare Professionals
6.3.4. Post-Acute Care Services
6.4. Wellness and Fitness Solutions
6.5. Other Services
Chapter 7. Global Mobile Health (mHealth) Market – By Device Type
7.1. Blood Glucose Monitors
7.2. Cardiac Monitors
7.3. Hemodynamic Monitors
7.4. Neurological Monitors
7.5. Respiratory Monitors
7.6. Body and Temperature Monitors
7.7. Remote Patient Monitoring Devices
7.8. Other Device Type
Chapter 8. Global Mobile Health (mHealth) Market – By Stake Holder
8.1. Mobile Operators
8.2. Healthcare Providers
8.3. Application/Content Players
8.4. Other Stake Holders
Chapter 9. Global Mobile Health (mHealth) Market, By Geography - Market Size, Forecast, Trends & Insights
9.1. North America
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.2. South Korea
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.3. South America
Chapter 10. Global Mobile Health (mHealth) Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5 Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
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