Global Consumer MHealth Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Consumer MHealth Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Consumer mHealth (mobile health) is the practice of medicine and consumer health by using mobile devices. The consumer mHealth uses mobile and wireless technologies to generate data on an individual’s biology, daily environment and physiology. mHealth aids in the fast delivery of telemedicine services by using 4G & 3G LTE networks enabled services such as high-speed data transfer and video calling. Mobile health technologies consist of one-way and two-way data Applications. One-way data Application comprises the flow of information from physician or healthcare practitioner to patients by educative methodology & SMS. The two-way model relies on data access programs, such as remote monitoring and client record access. The consumer mHealth market is expected to witness lucrative growth with healthy CAGR during the forecast period.

Market Overview:

The latest research study on the global Consumer MHealth market finds that the global Consumer MHealth market reached a value of USD 84152.55 million in 2022. It’s expected that the market will achieve USD 326320.0 million by 2028, exhibiting a CAGR of 25.34% during the forecast period.

Growing interest in preventive healthcare

As subscriptions to the mHealth app have increased, it has been serving the market. The mHealth app has multiple features that provide healthcare benefits to healthcare providers and patients. The mHealth application provides access to health-related information. The mHealth app also ensures continuous communication between the patient and the provider, enabling the provider to diagnose, recommend, and monitor the patient without even seeing the patient in person.
Among U.S. adults, the proportion of smartphones subscribed to the mHealth app is increasing. For example, according to a paper published in February 2016 at the NCBI, approximately 91.0% of the adult population in the United States own a mobile phone, and 61.0% of them own a smartphone.

Rising labor costs

With the development of the economy, people are demanding higher and higher wages, which has led to rising labor prices around the world. Considering that the research and development and production of Consumer mHealth products require high-tech talents, as employees 'demands for wages increase, manufacturers' costs increase with labor costs.
As consumer interest in preventive healthcare grows, the mHealth market will grow.
Monitoring services' market share will continue to expand
In 2018, the revenue share of surveillance services in the market was the largest, approximately 53.62%. The growth of the sector can be attributed to the increasing adoption of these services by medical centers. For example, chronic disease management places a financial burden on the global healthcare industry. However, the use of modern Typefor continuous monitoring to prevent chronic diseases can reduce healthcare costs and improve the quality of care. Performing medical diagnosis remotely and observing through a monitoring system based on the mHealth system can also help reduce healthcare expenditures. As a result, the demand for monitoring services is higher compared to other Applications.

Region Overview:

Geographically, Europe held the largest market share – 28.71% in 2022.

Company Overview:

Apple is one of the major players operating in the Consumer MHealth market, holding a share of 8.12% in 2023.

Apple

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.

Samsung

Samsung is a Korean multinational electronics company engaged in consumer electronics, information technology and mobile phone businesses.

Segmentation Overview:

As for product types, the AI segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Monitoring, with a market share of 52.88% in 2022.

Key Companies in the global Consumer MHealth market covered in Chapter 3:

Philips
Fibit
Garmin
Apple
Omron
Medtronic
Zebra
Samsung
Xiaomi
SnapECG
Allscripts Healthcare Solutions
Bayer
Huawei

In Chapter 4 and Chapter 14.2, on the basis of types, the Consumer MHealth market from 2018 to 2029 is primarily split into:

Diagnosis
Monitoring
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Consumer MHealth market from 2018 to 2029 covers:

AI
Non-AI

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)