mHealth (Mobile Health) Services

mHealth (Mobile Health) Services

Global mHealth (Mobile Health) Services Market to Reach US$237.6 Billion by 2030

The global market for mHealth (Mobile Health) Services estimated at US$42.5 Billion in the year 2023, is expected to reach US$237.6 Billion by 2030, growing at a CAGR of 27.9% over the analysis period 2023-2030. Mobile Monitoring Services, one of the segments analyzed in the report, is expected to record a 27.0% CAGR and reach US$139.8 Billion by the end of the analysis period. Growth in the Mobile Diagnosis Services segment is estimated at 30.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.8 Billion While China is Forecast to Grow at 34.5% CAGR

The mHealth (Mobile Health) Services market in the U.S. is estimated at US$10.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$68.5 Billion by the year 2030 trailing a CAGR of 34.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 21.6% and 24.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.2% CAGR.

Global mHealth (Mobile Health) Services Market - Key Trends and Drivers Summarized

Mobile health (mHealth) represents a significant transformation in healthcare delivery, leveraging the widespread use of mobile technology to enhance health services and patient care. This approach utilizes smartphones and tablets to provide essential healthcare information directly to patients and offer technical assistance to healthcare providers. By extending the reach of healthcare, reducing expenses, and improving health outcomes globally, mHealth addresses the rising costs of healthcare and the increasing burden of non-communicable diseases (NCDs). Collaborations between the World Health Organization (WHO) and the International Telecommunication Union (ITU) have been instrumental in integrating mHealth into national healthcare strategies, particularly for managing, preventing, and treating NCDs. This partnership focuses on reinforcing existing health systems rather than creating isolated initiatives, ensuring a sustainable approach that leverages government, private sector, and healthcare framework partnerships.

The potential of mHealth to significantly reduce health expenditures is one of its primary advantages. By facilitating early detection and management of illnesses, mHealth emphasizes prevention and health promotion, thereby alleviating financial pressures exacerbated by global economic challenges and escalating healthcare demands. This proactive approach empowers individuals to manage their health, fostering a healthier population and decreasing long-term healthcare costs. The WHO-ITU initiative enhances and broadens mHealth services within target countries, improving health outcomes and establishing a model for replication in other nations. This strategy not only increases the efficacy of these services but also fosters a global exchange of knowledge and best practices in health management.

Several factors drive the growth of the mHealth sector. Increased smartphone penetration provides more individuals with access to mobile health applications, facilitating widespread adoption. Enhanced mobile connectivity, including the expansion of 4G and the rollout of 5G networks, enables faster and more reliable access to mHealth services, particularly in remote areas. The proliferation of wearable health technology, equipped with sensors to monitor health metrics, drives consumer interest and trust in mHealth solutions. Advances in technology allow better integration of mHealth apps with existing healthcare systems and electronic health records (EHRs), enhancing care continuity and data management. Personalized healthcare experiences tailored through data analytics increase user engagement and satisfaction. mHealth applications support the self-management of chronic conditions, encouraging routine monitoring and adherence to treatment plans. Growing health awareness and a preference for convenient, immediate access to services drive demand for mHealth solutions. Trust in digital technologies and the increased demand for telemedicine, accelerated by the COVID-19 pandemic, further boost the adoption of mHealth services. These factors collectively contribute to the dynamic integration of mHealth into everyday health management, driven by technological innovation, user needs, and evolving consumer behavior.

 

 

 

 

 

 

Select Competitors (Total 78 Featured) -

• Airstrip Technologies, Inc.
• Allscripts Healthcare Solutions, Inc.
• Apple, Inc.
• AT&T, Inc.
• Google LLC
• Orange SA
• Samsung Electronics Co., Ltd.
• SoftServe, Inc.

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