mHealth Market By Type (mHealth Devices, mHealth Services), By Application (Cardiovascular, Diabetes, Respiratory, Neurology, Others), By Stakeholders (Mobile operator, Device Vendors, Healthcare Providers, Application and Content Players): Global Opportunity Analysis and Industry Forecast, 2023-2032
The mHealth market was valued at $70,695.15 million in 2022 and is estimated to reach $370,663.20 million by 2032, exhibiting a CAGR of 18% from 2023 to 2032. mHealth stands for mobile health. mHealth refers to the use of mobile devices, such as smartphones, tablets, wearable devices, and other wireless technologies, in healthcare and public health. It encompasses the use of mobile applications (apps), text messaging (SMS), voice calls, and other communication tools to deliver health-related information, support, and services. mHealth leverages the widespread availability and increasing functionality of mobile devices to provide healthcare solutions, improve access to medical information, enhance communication between patients and healthcare providers, and empower individuals to manage their own health and wellness.
Major factors that drive the growth of the global mHealth market include rapid technological advancements in medical devices, increase in the number of patients suffering from chronic heart diseases, which further increase the demand for mHealth devices for monitoring heart disease patients, and rise in prevalence of diabetes. For instance, according to the Centers for Disease Control and Prevention (CDC) 2022, about 697,000 people in the U.S died from heart disease in 2020. In addition, according to a National Center for Health Statistics 2022, in every 20 seconds one American suffers a heart attack. Thus, more than 1 million Americans have a heart attack each year.
However, concerns related to ensuring regulatory compliance are expected to restrict the growth of the mHealth market. On the contrary, surge in healthcare expenditure and unmet medical demands to get better treatment options in developing countries are expected to create lucrative opportunities for the expansion of the global market in the future.
The mHealth market is segmented on the basis of type, application, stakeholder, and region. On the basis of type, the market is classified into mHealth devices and mHealth services. The mHealth devices segment is further categorized into blood glucose meter, blood pressure monitors, pulse oximetry, neurological monitors, cardiac monitors, apnea & sleep monitors, wearable fitness sensor device & heart rate meters, and others. The mHealth service segment is further categorized into prevention services, diagnostic services, monitoring services, treatment services, and wellness & healthcare system strengthening solutions. By application, the mHealth market classified into cardiovascular, diabetes, respiratory, neurology, and others. By stakeholder, the mHealth market is divided into mobile operators, device vendors, healthcare providers, and application & content players. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Boston Scientific Corporation, DexCom, Inc., FITBIT, INC. (Google), Koninklijke Philips N.V., Medtronic plc, Omada Health, Omron Corporation, SAMSUNG ELECTRONICS CO., LTD., Teladoc Health, Inc., and Welldoc, Inc. These major players have adopted product approval, agreement, acquisition, collaboration, merger, and product launch as key developmental strategies to improve the product portfolio of the mHealth market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mhealth market analysis from 2022 to 2032 to identify the prevailing mhealth market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mhealth market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mhealth market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypemHealth Devices
Device Type
Blood Glucose Monitors
Blood Pressure Monitors
Pulse Oximetry
Neurological Monitors
Cardiac Monitors
Apnea and Sleep Monitors
Wearable Fitness Sensor Devices and Heart Rate Meters
Others
mHealth Services
Service Type
Prevention Services
Diagnostic Services
Monitoring Services
Treatment Services
Wellness and Healthcare System Strengthening Solutions
By ApplicationCardiovascular
Diabetes
Respiratory
Neurology
Others
By StakeholdersMobile operator
Device Vendors
Healthcare Providers
Application and Content Players
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Boston Scientific Corporation
DexCom, Inc.
Fitbit
Koninklijke Philips N.V.
Medtronic plc
Omada Health
Omron Corporation.
SAMSUNG ELECTRONICS CO., LTD.
Teladoc Health, Inc.
Welldoc, Inc
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