mHealth Market to Grow with a CAGR of 10.64% through 2029
COVID-19 pandemic
accelerating digital health adoption is expected to drive the Global mHealth Market
growth in the forecast period, 2025-2029.
According to
TechSci Research report, “mHealth Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global mHealth
Market stood at USD 64.78 Billion in 2023 and is anticipated to grow with a
CAGR of 10.64% in the forecast period, 2025-2029. Continual progress in mobile
and wireless technologies is propelling innovation in the mHealth sector.
Ranging from enhanced connectivity and data transmission speeds to improved
sensor capabilities, these technological advancements empower more
sophisticated mHealth solutions. For instance, the advent of 5G networks offers
swifter data transfer and reduced latency, facilitating instantaneous
communication and remote monitoring. Similarly, enhancements in wearable
technology, encompassing miniaturization and enhanced battery life, augment the
usability and efficacy of mHealth devices.
The COVID-19
pandemic has served as a catalyst for the uptake of digital health
technologies, including mHealth solutions. Measures such as social distancing
and lockdown impositions have necessitated remote healthcare provision to
mitigate the risk of viral transmission. Telemedicine platforms, remote
monitoring tools, and mobile health applications have witnessed a surge in
demand as healthcare providers and patients embrace virtual care modalities.
The pandemic has underscored the significance of mHealth in ensuring
uninterrupted healthcare provision and has expedited its assimilation into
mainstream healthcare systems.
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"Global mHealth Market”
The Global mHealth
market is segmented into
connected device, mHealth app, mHealth service, regional distribution, and company.
Based on the
mHealth App, the medical apps segment emerged as the dominant force in the
global mHealth market in 2023, reflecting the pivotal role these apps play in
modern healthcare delivery. Medical applications serve as comprehensive
solutions, addressing an extensive array of healthcare needs such as disease
management, medication adherence, symptom tracking, and remote consultations.
Their adaptability and practicality have elevated them to indispensable tools
for both healthcare professionals and patients, facilitating efficient and
effective healthcare management. As chronic illnesses continue to rise and the
demand for remote healthcare solutions intensifies, medical applications have
evolved into essential components of contemporary healthcare systems. Their
versatility allows them to seamlessly integrate into various healthcare
settings, offering accessible and personalized care options to individuals
regardless of their location or condition.
Technological
advancements have propelled medical applications to new heights, enhancing
their functionalities and capabilities. Integration with electronic health
records (EHRs) streamlines data management, ensuring seamless communication and
coordination among healthcare providers. Telemedicine features enable remote
consultations, expanding access to healthcare services and promoting timely
interventions. Additionally, the integration of artificial intelligence-driven
diagnostics enhances the accuracy and efficiency of medical assessments,
ultimately improving patient outcomes.
Based on the
mHealth Service, the preventive care services segment emerged as the dominant
segment in the Global mHealth market in 2023. The increasing
awareness among individuals regarding the importance of preventive healthcare
has been instrumental in driving the demand for mHealth services focused on
preventive care. With rising incidences of chronic diseases and
lifestyle-related health issues, there has been a paradigm shift towards
proactive health management rather than reactive treatment approaches. As a
result, people are increasingly seeking tools and services that empower them to
monitor their health proactively and take preventive measures to maintain
overall well-being.
Advancements in
technology have facilitated the development of innovative mHealth solutions
tailored specifically for preventive care purposes. These solutions encompass a
wide range of offerings including wellness apps, personalized health tracking
tools, remote monitoring devices, and digital platforms for health education
and behavior modification. The convenience, accessibility, and effectiveness of
these mHealth services have significantly contributed to their widespread
adoption among consumers and healthcare providers alike. The global healthcare
landscape has been evolving towards value-based care models that prioritize
prevention and early intervention to improve health outcomes and reduce
healthcare costs. This shift in healthcare delivery has further propelled the
demand for mHealth services focused on preventive care, as they align well with
the overarching goals of promoting population health and reducing the burden of
preventable diseases.
North America
emerged as the dominant region in the Global mHealth Market in 2023, holding
the largest market share. The region's favorable regulatory environment and
strong support for digital health initiatives have fostered a conducive
ecosystem for mHealth innovation. Regulatory bodies such as the Food and Drug
Administration (FDA) in the United States have been proactive in providing
guidance and oversight for the development and deployment of mHealth
technologies, ensuring safety, efficacy, and compliance with healthcare
standards. North America's tech-savvy population and high smartphone
penetration rates have fueled the demand for mobile health solutions among
consumers. With increasing awareness of the benefits of mHealth apps and
wearable devices for health monitoring and management, individuals are
increasingly embracing these technologies as tools for proactive healthcare
management and wellness promotion.
Major companies
operating in Global mHealth Market are:
- Medtronic Plc.
- Apple, Inc
- Samsung Electronics
- Google LLC.
- Koninklijke Philips
N.V.
- AgaMatrix, Inc
- Bayer AG
- Omron Corporation
- AliveCor, Inc.
- Orange Healthcare,
Inc
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“The global mHealth
market is poised for significant expansion in the coming years. For instance,
In April 2022, the collaboration between AirStrip Technologies, Inc. and
FifthEye to integrate and distribute the FDA-approved AHI System marks a
significant advancement in real-time detection and prediction of hemodynamic
instability. This partnership reflects a trend towards enhanced precision and
efficiency in remote monitoring and diagnostic capabilities within the mHealth
market. Such innovations are likely to catalyze further growth in the coming
year as healthcare providers increasingly rely on mobile technologies to
improve patient outcomes, streamline clinical workflows, and reduce healthcare
costs.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“mHealth
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Connected Devices (BP & Glucose Monitors, Heart Rate Monitors,
Pulse Oximeters, Foetal Monitoring Devices, Sleep Apnea Monitors, Others), By
mHealth App (Medical Apps, (Women’s Health Apps, Medication Management Apps,
Personal Health Apps, Chronic Care Management Apps, Remote Monitoring Apps,
Others) , Fitness Apps (Exercise & Fitness, Diet & Nutrition, Lifestyle
& Stress), By mHealth Service (Remote Monitoring Services, Diagnostics and
Consulting Services, Treatment Services, Fitness & Wellbeing Services,
Preventive Care Services), By Region, By Competition, 2019-2029F”,
has evaluated the future growth potential of Global mHealth Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global mHealth Market.
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