USD 51.8 billion
Global mHealth Market Size, Share, Growth Analysis, By Product(Wearables and mHealth apps), By Service(Remote monitoring service, diagnostic service), By Participants(Mobile operators, device vendors) - Industry Forecast 2023-2030
Report ID: SQMIG35G2137 | Region: Global | Published Date: February, 2023 | Pages: 157 | Tables: 92 | Figures: 76
Global mHealth Market Insights
Global mHealth Market size was valued at USD 51.8 billion in 2021 and is poised to grow from USD 56.8 billion in 2022 to USD 130.6 billion by 2030, growing at a CAGR of 10.8% in the forecast period (2023-2030).
The use of mobile and wireless communication technologies to improve health care delivery, outcomes, and research is known as mobile health or mHealth. With the rise in smartphone usage worldwide, it is positioned to play a key role in patient self-care. Due to developments in smartphone software and hardware, as well as the increasing availability of wearable devices, the health app market has grown at an exponential rate. Clinical practices must adapt to mHealth and the medical community's evidence that mHealth is safe and effective. Its convenience is one of its primary benefits for users. Wearable devices and other mobile technologies enable users to monitor and control their health data in real time. Patients can use this to contact with their doctors or the care team without needing to meet in person, which can help bridge care gaps. It also allows healthcare providers to share patient information with one another, such as alerting a nurse when a patient arrives for an appointment. Some mobile health apps, such as Apple Health, can connect to a patient's electronic health record, allowing users to view health data on their iPhone or iPad.
The use of mobile devices by healthcare workers has an impact on many elements of clinical practices. As mobile devices become increasingly common in healthcare settings, the number of medical software applications (apps) accessible is likely to increase significantly. Apps help in the administration of information and time, maintenance and access to health records, communication and consultation, reference and information gathering, patient monitoring and control, clinical decision-making, and medical education and training. Mobile devices and apps help healthcare providers in a variety of ways, including clinical decision-making and patient outcomes. The goal of mobile health is to empower individuals by delivering health information for optimal illness management, extending access throughout the system, including clinics and hospitals, improving outcomes with better decision-making, and lowering costs. Worldwide investments in health start-ups are increasing, driving revenue growth in the global mobile health market.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Wearable’s
Fastest Growth
Wearable’s
Growth Rate
10.8% CAGR
Global mHealth market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global mHealth market Size By product 2021-2030 ($ Bn)
Global mHealth market Size By product 2021-2030 (%)
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Global mHealth Market Segmental Analysis
Global mHealth market is segmented on the basis of product, services, participants and region. By product, the market is segmented into wearables and mHealth apps. By service, market is segmented into remote monitoring service, diagnostic service, healthcare system strengthening service, treatment service, prevention service, and fitness & wellness service. By participants, market is segmented into mobile operators, device vendors, content players, and healthcare providers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
The mHealth apps market is further segmented into medical apps and healthcare apps. With the increasing penetration of the internet and smartphones and increased adoption of mobile health apps by healthcare professionals and consumers, the segment is projected to grow at a very rapid pace throughout the period. Furthermore, increasing awareness of the benefits of adopting mobile health applications for remote health monitoring, patient tracking, prescription management, disease prevention, fitness and wellness, and personal health record management will drive revenue growth in the sector. Increasing the use of mobile health apps by healthcare providers to improve clinical outcomes and patient engagement, as well as increasing the use of fitness apps in mHealth applications, will drive revenue growth in this segment.
Analysis by Service
The remote monitoring service segment is expected to register a significantly faster revenue growth rate during the forecast period. Revenue growth in this category is driven by the increasing prevalence of infectious and chronic diseases, as well as increasing demand for remote monitoring technology in post-acute care. The increasing number of chronic disease patients has become a serious social problem in China. Many of these chronic conditions require continuous monitoring, fueling the nation's desire for advanced monitoring systems. Moreover, major corporations are increasing their spending on in-patient monitoring, which is estimated to help the revenue growth of this segment during the projection period.
The diagnostic services segment is expected to grow at a steady rate during the forecast period. An increasing variety of applications and platforms for disease diagnosis as well as health awareness are driving revenue in this market. However, the increased need for workflow efficiency and major improvements in healthcare administration is likely to increase the demand for mobile healthcare services in the coming years. The growing use of smartphones and wearable devices for point-of-care diagnostics of infectious and chronic diseases in low-resource settings is also projected to boost the market growth for this segment.
Global mHealth market Size By product 2021 (%), 2021 (%)
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Global mHealth Market Regional Insights
North America accounted for 37.1% of revenue in the global mHealth market in 2021 due to several factors such as rising healthcare costs, the incidence of chronic diseases, growing senior population, and highly established network infrastructure. Also, favorable government initiatives and increased use of mobile healthcare applications are driving the region's need for mHealth services. Additionally, the increasing incidence of cardiovascular diseases in the region is increasing the demand for real-time monitoring. The availability of mHealth apps that can provide real-time information about cardiovascular health can help prevent significant health problems and reduce sudden cardiac death.
Asia Pacific is expected to grow at a faster rate during the forecast period, owing to the increasing penetration of smartphones in the consumer market in the region. According to The Mobile Economy 2020, GSMA data, unique mobile subscriptions in the Asia Pacific region are expected to grow from 2.8 billion in 2019 to 3 billion by 2025. Also, expanding government projects aimed at digitizing healthcare systems in various emerging nations such as India and China are likely to fuel market expansion in the coming years.
Global mHealth market Size By Geography, 2021-2030, 2023-2030
- Largest
- Fastest
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Global mHealth Market Dynamics
Drivers
Increasing demand for wireless devices such as smartphones
- The increased global demand for smartphones is one of the key factors driving the mobile health market. Many people own several smartphones, cell phones, and tablets, and the Center for Technology Innovation reports that with the increased use of smartphones, users can access a variety of healthcare-related services via wireless multimedia. This is expected to drive the adoption of mHealth services. The rising desire for better communication and information at the point of care is boosting mobile health adoption among healthcare providers. Communication capabilities in Hospital Information Systems (HISs), Electronic Health Records (EHRs), Electronic Medical Records (EMRs), Clinical Decision Support Systems (CDSS), Picture Archiving and Communication Systems (PACS), and Laboratory Information Systems (LIS) are ideal in a clinical setting. Increasing the adoption of these systems is expected to have positive impact on the global market.
Restraints
Difficulty in implementing and integrating mHealth apps
- A significant portion of the population, including doctors and hospital staff, already owns smartphones and other mobile devices, but the complexity of integration and implementation continues to be a significant obstacle. Mobile healthcare apps that are difficult to integrate and use with existing systems may hamper their adoption. Developers, mobile healthcare solution providers, and users all want deployment and usability to be as simple as possible. As a result, the difficulty of mHealth app implementation and integration is limiting market revenue development.
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Global mHealth Market Competitive Landscape
Global mHealth market is fragmented and highly competitive. The market is moderately consolidated with few key players operating on global and regional levels. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
Top Player’s Company Profiles
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Google
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Philips
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Qualcomm
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Cisco Systems
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Johnson & Johnson
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Cerner
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GE Healthcare
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Athenahealth
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Teladoc Health
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Doctor on Demand
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Livongo Health
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Proteus Digital Health
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Omada Health
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2Morrow
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WellDoc
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iHealth Labs
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Ginger
Recent Developments
- In October 2021, Masimo, a Chinese Meditech startup, launched a wearable radius T-degree continuous thermometer with +/- 0.1 degrees Celsius laboratory accuracy. After installation, it is completely automatic and requires no human intervention. A standard thermometer can only detect a temperature rise hours after it has occurred, whereas Radius T° can continuously measure temperatures.
- In May 2021, UK-based healthcare company “MyMHealth” launched a diabetes application “MyDiabetes” in the South East County of Kent. The Eurostars grant was awarded to the UK health tech business "My Health" and its partners. MyHeart, an immersive cardiac rehabilitation program, improves heart health through behavioral feedback and gamification.
- In April 2020, my COPD launched as a digital self-management tool for persons with chronic obstructive pulmonary disease and for assisting healthcare professionals in care management. It is a home app that individuals may use on their phones, desktops, or tablets. Internet access is required. Users of my COPD can grant healthcare specialists access to their data, allowing for remote care and monitoring. Clinicians can see the person's profile, including prescriptions and assessment reports, if this option is selected.
Global mHealth Key Market Trends
- Increasing adoption of the latest technologies such as artificial intelligence, data analytics, and 5G is expected to drive the market over the forecast period. The combination of these new technologies with mHealth can enhance patient care and is expected to provide significant growth opportunities to market participants in the near future.
Global mHealth Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global mHealth market analysis, with the development of smartphone software and hardware as well as the increasing availability of wearable devices, the health app market has grown at an exponential rate. Some mobile health apps, such as Apple Health, can connect to a patient's electronic health record, allowing users to view health data on their iPhone or iPad. The remote monitoring service segment is expected to register a significantly faster revenue growth rate during the forecast period. North America accounted for 37.1% of revenue in the global mHealth market in 2021 due to several factors such as rising healthcare costs, the incidence of chronic diseases, a growing senior population, and highly established network infrastructure. Increasing adoption of the latest technologies such as artificial intelligence, data analytics, and 5G is expected to drive the market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 51.8 billion |
| Market size value in 2030 | USD 56.8 billion |
| Growth Rate | 10.8% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global mHealth Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global mHealth Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global mHealth Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global mHealth Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global mHealth Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global mHealth Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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