Product ID: SQMIG35G2235
Report ID:
SQMIG35G2235 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
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.
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REQUEST FREE CUSTOMIZATIONmHealth Market size was valued at USD 51.8 billion in 2019 and is poised to grow from USD 56.8 billion in 2023 to USD 130.6 billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).
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Product ID: SQMIG35G2235