Global mHealth Market

mHealth Market: Overview

mHealth Market Size, Trends and Insights By Device Type (Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Temperature Monitors, Other), By Service (Monitoring Services, Diagnostic Services, Treatment Services), By Application (Cardiovascular, Diabetes, Respiratory, Neurology, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

According to Custom Market Insights (CMI), The mHealth Market  size was estimated at USD 71.5 Billion in 2022 and is expected to hit around USD 374.6 Billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 17.6% from 2023 to 2032.

mHealth, which stands for “mobile health,” is the use of handheld devices that include smartphones, tablets, and wearable devices in healthcare to assist medical and public health practices. It includes a wide range of applications, such as medical information distribution, remote patient monitoring, providing medical services, and data collecting and analysis.

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mHealth Market: Growth Drivers

mHealth, or mobile health, is an advancement in healthcare delivery that uses mobile devices and wireless technology to alter many aspects of healthcare. Through patient monitoring to health education, mHealth provides a wide range of apps and services aimed at increasing access to healthcare, efficiency, and effectiveness.

The growing popularity of wearable gadgets and smartphones with health tracking capabilities is broadening the reach of mHealth solutions, allowing more people to check their health effortlessly. Furthermore, integrating computational intelligence (AI) and machine learning techniques into mHealth applications improves customized healthcare delivery by providing predictive analytics and preemptive treatments.

Finally, the COVID-19 epidemic has pushed the use of telemedicine and virtual care solutions, emphasized the value of distant healthcare delivery and drive further innovation in mHealth technology.

In addition, there is a rising emphasis on data privacy and security in mHealth, with legislation like GDPR and HIPAA pushing compliance efforts and protecting critical health information. In summary, these findings highlight mHealth’s transformational potential in increasing access to healthcare and efficiency.

By device type, the cardiac monitor’s segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Cardiac monitors in the mHealth industry are becoming more wearable, with better ECG capacities, flawless smartphone connectivity, and AI-powered analytics for real-time heart health monitoring and tailored insights.

By services, the monitoring services segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Monitoring services in the mHealth industry are shifting toward remote patient monitoring, which uses wearable devices and mobile applications for continuous health tracking, telemedicine consultations, and tailored health treatments to improve healthcare accessibility and results.

By application, the cardiovascular segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Cardiovascular themes in the mHealth industry comprise the proliferation of wearable cardiac monitoring devices, smartphone integration for real-time information monitoring, and the creation of AI-driven algorithms for early risk detection.

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mHealth Market: Regional Analysis

By region, mHealth market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Mhealth market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

North America is a significant driving factor in the growth of the mobile health (mHealth) industry for a variety of reasons. For instance, the area has excellent healthcare infrastructure, high smartphone penetration rates, and ubiquitous internet access, all of which contribute to a favourable environment for mobile health uptake.

North America has a strong regulatory framework and laws that encourage digital health innovation and investment. Regulatory organizations, such as the FDA, establish clear criteria for the development and approval of mHealth solutions, building trust in stakeholders and propelling industry growth.

Additionally, the area is home to several top technology businesses and healthcare providers who actively participate in mHealth efforts, hence boosting development and broadening the reach of mHealth apps.

mHealth Market: Recent Developments

• In March 2023: Astellas Pharma Inc. declared that it had entered into an agreement with Roche Diabetes Care Japan Co., Ltd. for the research and development and commercialization of Roche Diabetes Care’s world-renowned Accu-Chek Guide Me blood glucose monitoring system that offers superior accuracy as a combined medical product with BlueStar.

• In April 2023: Conifer Health Solutions announced an alliance to introduce Conifer Connect, a personalized digital health app designed to help people handle their daily health while strengthening connections with their medical nurse (PHN).

Key Players:

• Apple Inc.
• Google LLC
• Fitbit Inc.
• Samsung Electronics Co. Ltd.
• Garmin Ltd.
• Philips Healthcare
• Cerner Corporation
• Medtronic plc
• Dexcom Inc.
• Omada Health Inc.
• Livongo Health
• Allscripts Healthcare Solutions Inc.
• IBM Watson Health
• GE Healthcare
• Qualcomm Incorporated
• McKesson Corporation
• Bayer AG
• Nokia Health
• athenahealth Inc.
• Teladoc Health Inc.
• Others

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The mHealth Market is segmented as follows:

By Device Type

• Cardiac Monitors
• Hemodynamic Monitors
• Neurological Monitors
• Respiratory Monitors
• Temperature Monitors
• Other

By Service

• Monitoring Services
• Diagnostic Services
• Treatment Services

By Application

• Cardiovascular
• Diabetes
• Respiratory
• Neurology
• Others

By End User

• Biopharmaceutical Companies
• Contract Manufacturing Organizations
• Pharmaceutical Companies
• Contract Research Organizations

On the basis of Geography

North America

• The US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• New Zealand
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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