mHealth Apps Market Size, Share & Trends Analysis Report By Type (Medical Apps, Fitness Apps), By Platform (Android, iOS), By Region, And Segment Forecasts, 2024 - 2030
mHealth Apps Market Growth & Trends
The global mHealth apps market size is expected to reach USD 86.37 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.9% from 2024 to 2030. The growing reach of the internet & smartphones, coupled with the increasing adoption of mobile health applications among medical practitioners & patients, contributes significantly to the market growth. An increasing awareness of lifestyle improvement & personal health and wellness drives the market. In addition, the rapid growth of remote healthcare services fuels mobile health application adoption. Moreover, physicians' increasing use of mHealth applications to enhance patient engagement and treatment outcomes is expected to boost their adoption further.
Smartphones have evolved from devices of communication & entertainment to devices that can monitor health and fitness. Mobile applications for smartphones have made life easy by making it convenient to perform daily activities. Some companies are developing chatbot services for one-time consultations or basic medical inquiries. For instance, WeChat in China offers Chatbot services for basic medical inquiries in addition to other mobile health solutions, such as booking an appointment, accessing medical records, and paying medical bills. Thus, rising importance of mobile phones and mHealth for improving health outcomes & patient care will drive market growth. The rise of mHealth technologies, adoption of various strategies by players, and technological advancements have resulted in increased funding for digital health.
In addition, physicians with experience in company operations or investments invest in digital health startups. This is expected to have a positive impact on the market growth. For instance, in October 2023, in California, Cedar-Sinai launched a new mobile application that enables patients to access their experts for sick, chronic, and preventive care conveniently and promptly. This virtual healthcare service has been expanded to cater to the needs of the patient base. Furthermore, the surge in initiatives and investments supporting mHealth & digital health involves significant backing from venture capitalists, private equity firms, and healthcare organizations.
The global health-tech investment landscape witnessed a substantial boost in 2021, reaching over USD 44 billion, which represents a twofold increase compared to the previous year. This influx of capital underscores the growing importance of technological innovation in healthcare. Notably, large tech-enabled platform companies are emerging as key players, offering the potential to enhance hospital and health system efficiencies, rapidly scale operations, and modernize existing systems & delivery models. In addition, these platforms are positioned to play a pivotal role in addressing health equity concerns through a comprehensive and inclusive approach to healthcare delivery.
mHealth Apps Market Report Highlights
The medical apps segment accounted for the largest revenue share in 2023 owing to continuous improvements in network infrastructure and network coverage
The iOS platform segment dominated the market in 2023 due to high awareness among people regarding mHealth technologies and increased use of mHealth apps for disease management
North America was the dominant regional market in 2023, in terms of revenue share
The region’s growth can be attributed to favorable government initiatives, developments in coverage networks, advancements in healthcare IT infrastructure, and a rise in healthcare expenditure
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3.2.1.3. Growing adoption of mobile health applications
3.2.1.4. Increase in investments supporting mHealth & digital health
3.2.2. Market restraint analysis
3.2.2.1. Concerns related to data security
3.3. Case Study Analysis
3.3.1. Case Study 1: Kilkari: a mobile health service for mothers in India
3.3.2. Case Study 2: Momconnect: empowering mothers in south africa
3.3.3. Case Study 3: Integrating mobile technology with existing healthcare infrastructure to enhance healthcare accessibility
3.3.4. Case Study 4: Jhpiego’s mwater project
3.3.5. Case Study 5: A web platform for clinician & patient interaction
3.3.6. Case Study 6: European firms have created digital technologies that can scale up to offer solutions for clinical settings, remote care, health insurance, and patient-centered eHealth services
3.3.7. Case Study 7: SMS to promote medicines adherence in South Africa
3.3.8. Case Study 8: MPOWER: Improving HIV medication adherence in Rwanda
3.3.9. Case Study 9: Omada Health: Digital tools for weight loss and diabetes prevention