The global mHealth market size is predicted to be worth around USD 126.6 billion by 2030 and expanding growth at a CAGR of 10.0% during the forecast period 2022 to 2030.
The global mHealth market size is predicted to be worth around USD 126.6 billion by 2030 and expanding growth at a CAGR of 10.0% during the forecast period 2022 to 2030.
Growth Factors
Increasing adoption of mHealth apps and technologies by physicians and patients and rise in penetration of internet and smartphone connectivity are among the major factors expected to drive the growth of the market. Besides, increasing government initiatives towards the digitalization of healthcare services are also anticipated to boost the adoption of mobile health platforms.
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The rising focus on improving personal health and fitness using smart devices and wearables is the major factor accelerating market growth. Besides, increasing penetration of the internet and smartphones and growing adoption of mHealth technology and platforms by physicians and patients are also anticipated to propel market growth. Furthermore, rising penetration of digital health services for remote patient monitoring is also increasing the demand for mobile health apps, which in turn is expected to propel market growth over the forecast years.
Growing awareness among the individuals to use mobile health solutions and supportive government initiatives to introduce and promote remote digital healthcare are some of the factors expected to boost the market growth over the years. In addition, the increasing use of smartphones among the adult population and teenagers is also anticipated to drive the growth of the mHealth platforms and technologies in the upcoming years.
|
Report Scope |
Details |
|
Market Size in 2020 |
USD 49.7 Billion |
|
Growth Rate from 2021 to 2030 |
CAGR of 10% |
|
North America Market Share in 2021 |
38.2% |
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Monitoring Services Market Share in 2021 |
61.9% |
By Component Analysis
The mHealth apps segment dominated the market for mHealth and accounted for the largest revenue share of 75.4% in 2021. Increasing penetration of the internet and smartphones and growing adoption of mobile health apps by the healthcare professionals and the patient population are the factors responsible for the high market value of the segment.
The growing prevalence of chronic diseases, coupled with the high adoption of remote patient management technologies is anticipated to provide growth to the mHealth apps segment at the fastest rate over the forecast period.
By Services Analysis
The monitoring services segment dominated the market for mHealth and accounted for the highest revenue share of 61.9% in 2021. The growing incidence of infectious and chronic diseases coupled with rising demand for remote monitoring platforms in post-acute care are among the major factors that drive the growth of the segment.
The diagnosis services segment is anticipated to witness the fastest growth rate over the forecast years. The growing number of applications and platforms that are capable of diagnosis and increase in health consciousness are the major factors driving the segment.
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By Participants Analysis
By participants, the mobile operators segment dominated the market for mHealth and accounted for the largest revenue share of 47.0% in 2021. An increase in the number of mobile subscribers and improvements in network infrastructure are major factors responsible for the highest share of the segment.
The content players segment is anticipated to witness the fastest growth rate during forecast years. The increasing trend of using smart phones, coupled with the rapid development of several healthcare mobile apps is the factors likely to boost the growth of this segment.
By Regional Analysis
North America dominated the market for mHealth and accounted for the largest revenue share of 38.2% in 2021 owing to several factors, which include growing healthcare expenditure, increasing incidences of chronic diseases, rising geriatric population, and highly developed network infrastructure.
The Asia Pacific region hit fastest growth over the forecast period due to increasing smartphone penetration in the consumer market of the region. For instance, as per the data published by The Mobile Economy 2020, GSMA, unique mobile subscriptions are estimated to reach 3 billion by 2025 in the Asia Pacific region which was 2.8 billion in 2019.
Key Players
- AT&T
- Telefonica S.A.
- SoftServe
- Google, Inc.
- Airstrip Technologies, Inc.
- Samsung Electronics Co. Ltd.
- Allscripts Healthcare Solutions
- Apple, Inc.
- Orange
- mQure
- Qualcomm Technologies, Inc.
- Vodafone Group
Market Segmentation
- By Component
- Wearables
- BP Monitors
- Glucose Meters
- Pulse Oximeters
- Sleep Apnea Monitors (PSG)
- Neurological Monitors
- Activity Trackers/ Actigraphs
- mHealth Apps
- Medical Apps
- Women's Health
- Personal Health Record Apps
- Medication Management Apps
- Disease Management Apps
- Diagnostic Apps
- Remote Monitoring Apps
- Others
- Fitness Apps
- Exercise & Fitness
- Diet & Nutrition
- Lifestyle & Stress
- Medical Apps
- Wearables
- By Services
- Monitoring Services
- Independent Aging Solutions
- Chronic Disease Management & Post-acute Care Services
- Diagnosis Services
- Healthcare Systems Strengthening Services
- Others
- Monitoring Services
- By Participants
- Mobile Operators
- Device Vendors
- Content Players
- Healthcare Providers
- Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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