Press Release

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.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "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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