mHealth Market
Growth Factors of mHealth Market
The global mHealth market size was valued at USD 83.17 billion in 2023 and is projected to grow from USD 93.12 billion in 2024 to USD 249.05 billion by 2032, exhibiting a CAGR of 13.1% during the forecast period of 2024-2032.
The COVID-19 pandemic increased the mHealth market due to the extended use of telehealth and far-off monitoring. This surge in the call for virtual fitness answers is followed by demanding situations, which include regulatory and statistics privacy issues, impeding the rise of mHealth market growth.
Driving factors for the mHealth Market include the growing adoption of smartphones and wearable gadgets, increasing fitness recognition, and the growing want for faraway healthcare answers: mobile technology advancements and the call for handy health control gear fuel the market boom.
An essential fashion inside the mHealth market is the upward push of Remote Patient Monitoring (RPM). This era permits healthcare providers to display sufferers with continual conditions, like diabetes or coronary heart sickness, remotely. By collecting real-time health records through wearable gadgets like smartwatches or health trackers, RPM helps enhance the effects on affected persons and decreases charges, expanding the mHealth market share globally. This is because sufferers can live with their healthcare team, receive timely interventions for potential troubles, and control their conditions extra efficiently. Resources like the ones you furnished provide similar information on the advantages of RPM for unique persistent situations and the function wearables play in data series.
Comprehensive Analysis of mHealth Market
The mHealth Market is segmented by class, carrier type, and carrier provider. The class segment includes cell programs and wearables, with cell apps leading due to their vast health and fitness management adoption. Wearables, specifically famous among the younger technology, are predicted to develop unexpectedly. Service kind segmentation highlights monitoring offerings because the dominant segment is pushed through the increasing incidence of persistent issues and the getting older populace. MHealth app organizations lead the service provider phase, pushed through growing calls for and the proliferation of cellular fitness answers, with pharmaceutical companies and hospitals additionally showing considerable boom capacity.
The North American region led the mHealth market by benefitting a size of USD 25.23 billion in 2023 due to the growing occurrence of continual ailments like cardiovascular diseases, the increasing penetration of telephone fees, and the growing number of hospitals.
The leading players in the mHealth Market significantly influence its growth trajectory and set industry standards. These key players, including Fitbit, Inc. (U.S.), Apple Inc. (U.S.), DEXCOM, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Omada Health, Inc. (U.S.), Teladoc Health, Inc. (U.S.), Boston Scientific Corporation (U.S.), Omron Healthcare, Inc. (Japan), SAMSUNG (South Korea), and BD (U.S.), contribute to a competitive landscape, driving innovation and market advancement.
In April 2024, Postpartum Support International (PSI) introduced the Connect App for perinatal intellectual fitness, focused on women during the postpartum duration, to increase its international presence.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.1% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Category
- Disease & Treatment Management
- Healthcare Providers/Insurance
- Medication Reminders
- Women Health and Pregnancy
- Disease Specific
- Wellness Management
- Fitness
- Lifestyle and Stress
- Diet and Nutrition
- Others
- Body & Temperature Monitors
- Sleep Trackers
- Fitness Trackers
- Glucose Monitors
- BP Monitors
- Cardiac Monitors
- Others
By Service Type
- Monitoring Services
- Fitness and Wellness Solutions
- Diagnostic Services
- Treatment Services
- Other Services
By Service Provider
- mHealth App Companies
- Pharmaceutical Companies
- Hospitals
- Health Insurance Providers
- Others
By Region
- North America (By Category, Services Type, Service Provider, and Country)
- U.S.
- Canada
- Europe (By Category, Services Type, Service Provider, and Country/Sub-region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
- Asia Pacific (By Category, Services Type, Service Provider, and Country/Sub-region)
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America (By Category, Services Type, Service Provider, and Country/Sub-region)
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (By Category, Services Type, Service Provider, and Country/Sub-region)
- GCC
- South Africa
- Rest of the Middle East & Africa
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