Global mHealth Market Size By Category (Applications, Wearables), By Services (Treatment Services, Diagnostic Services), By Service Provider (Health Insurance, Hospitals), By Geographic Scope And Forecast

mHealth Market Size And Forecast

mHealth Market size was valued at USD 49.2 Billion in 2022 and is projected to reach USD 118.4 Billion by 2030, growing at a CAGR of 10.0% from 2023 to 2030.

What's driving the mHealth market? Well, it's largely thanks to the growing trend of people wanting to take control of their health and fitness with the help of smart devices and wearables. Plus, with more and more people using the web and smartphones, and doctors and patients alike embracing mHealth tech, things are really taking off. The increasing availability of digital health services for remote patient monitoring is also boosting the demand for those handy mobile health apps. Want the full scoop? The Global mHealth Market report gives you the complete picture, digging deep into key segments, trends, what's driving and holding things back, the competitive scene, and all the factors making a big impact.

Global mHealth Market Definition

mHealth, or mobile health, is basically using your phone or tablet to help with medicine and public health. Think of it as a part of eHealth that uses technology to get things done. It's a broad term, really, covering how we use mobile and multimedia in healthcare. For instance, using apps to gather health info from communities or clinics, or to send important updates to doctors, researchers, and even patients. mHealth also lets us do things like keep an eye on vital signs in real-time, provide care directly, and even train and connect healthcare workers. The big idea is that mHealth makes healthcare more accessible, helps us diagnose and track illnesses better, and puts important public health info right at your fingertips.

Global mHealth Market Overview

The rise in the number of users of smartphones and other wireless technology devices acts as a driving factor for his market. Many people own more than one smartphone, cell phone, or tablet. The growing use age of smartphones will allow the population to access several healthcare-related services through wireless multimedia.

People are becoming more aware of how useful portable health tools can be, and government programs are helping to make digital healthcare more accessible—all of which should really help the market grow. Plus, more and more adults and teens are using smartphones, which will likely boost the popularity of mHealth platforms and advancements. We're also seeing a shift away from old-school healthcare towards approaches that focus on the patient and preventing problems, which should also fuel the mHealth market for years to come. And because people really like having mobile health options and healthcare pros are embracing real-time patient care, the market is expected to grow even faster.

Increasing demand for home-based remote patient monitoring services for senior citizens also contributes to the overall market growth of this segment. The rise in the number of firms entering the mHealth industry is adding fuel to the market demand during the forecasted period. The development of innovative products and the induction of innovative technology escalate the market growth for the forecasted period.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global mHealth Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in theGlobal mHealth Market, gauge the attractiveness of a certain sector and assess investment possibilities.

Global mHealth MarketSegmentation Analysis

The Global mHealth Market is Segmented on the basis of Category, Services, Service Provider, And Geography.

mHealth Market, By Category

• Applications
• Wearables

So, when we look at the mHealth Market, we can break it down by Category into two main areasApplications and Wearables. The Applications part is full of different apps that help people with all sorts of things, like medication reminders, women’s health, pregnancy, even insurance stuff, and tons more. Plus, there are disease-specific apps made just for folks dealing with a particular diagnosis. And don't forget the wellness management apps! That's where you find your fitness trackers, lifestyle apps, and apps that help you chill out and minimize stress. On the other hand, the Wearables category is all about the gadgets, like body and temperature monitors, sleep trackers, those handy fitness trackers, glucose monitors, blood pressure monitors, and even cardiac monitors. These tools are designed to keep an eye on how a patient is doing and help them review their performance, especially if they've already been diagnosed with something.

mHealth Market, By Services

• Treatment Services
• Diagnostic Services
• Fitness and Wellness Solutions
• Monitoring Services
• Others

Think of mHealth and all the different ways it can help! It's divided up based on Services into categories likeTreatment Services - imagine booking appointments and getting prescriptions right on your phone! Then there are Diagnostic Services, think of apps that keep an eye on your sugar levels. You've also got Fitness and Wellness Solutions, like those meditation and fitness tracker apps that count calories and steps. And don't forget Monitoring Services, which help you track things like your blood pressure over time. There's even an "Others" category for all the things we haven't even thought of yet!

mHealth Market, By Service Provider

• Health Insurance
• Hospitals
• Pharmaceutical Companies
• mHealth Application Companies
• Others

So, who's offering mHealth services? It's quite a mix! You've got Health Insurance companies aiming to simplify things for their customers, offering medical support and ease through these solutions. Just imagine tracking your health stats and knowing that it plays a vital role when you need to make an insurance claim later. Then you have Hospitals, always needing to monitor things like blood pressure and patient recovery. mHealth makes it super easy to track all that and send it directly to the doctors for review. Pharmaceutical Companies are also getting involved, using mHealth apps to help people take their medications correctly and get the right prescriptions. And of course, there are the mHealth Application Companies themselves, offering these apps to everyone so they can keep all their medical info readily available – how convenient is that? There are also Others playing a role in the market.

mHealth Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Okay, so when we're talking about the Global mHealth Market, we can divide it up geographically, like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. For now, North America is leading the pack and is expected to rake in the most revenue in 2022. What's making this happen? A few things! We're seeing increased healthcare spending, more people managing chronic diseases, an aging population, and a reliable network infrastructure. The government's also backing mHealth, and the surge in mobile healthcare app usage is really fueling the demand. Oh, and let's not forget the growing number of folks dealing with cardiovascular illnesses, which is driving demand for real-time monitoring. Think about itmHealth apps that can give you instant heart health info could be a real game-changer, helping prevent serious problems and potentially reduce deaths from sudden cardiac arrest.

Key Players

The “Global mHealth Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Omron Healthcare Inc, Boston Scientific Corporation, AT&T, Livongo Health, BioTelementry Inc, Omada Health Inc, Jawbone Health Hub Inc, DEXCOM, Apple Inc, and Fitbit Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• November 8, 2022 – OMRON Healthcare, Co., Ltd., announced a partnership with CardioSignal aimed at bringing innovations in early cardiovascular disease detection to support clinicians at the forefront of Population Health management.
• May 19, 2020, As an increasing number of patients, turn to remote care, Omada Health announced the acquisition of Physera, a leading musculoskeletal care company that delivers interventions digitally and via telehealth. The offering includes video access to a nationwide network of licensed physical therapists for diagnosis and treatment, as well as in-application animations, voice prompts, digital exercise therapy, and other guidance designed to reduce musculoskeletal pain.
• March 12, 2019, Omada Health announced the inclusion and integration of FDA-cleared, cellular-connected blood pressure monitors and glucometers for qualifying participants in the company’s chronic condition management program. The integration of these devices will enable individuals to seamlessly upload real-time readings to their Omada account while providing Omada coaches insight to deliver personalized guidance and ongoing support as participants work to improve their health.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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