mHealth Services Market to Reach US$ 415.6 Bn by 2031: Say’s TMR

Albany NY, United States: The global mHealth services market was valued at US$ 111.6 Bn in 2021 and is projected to expand at a CAGR of 15.7% from 2022 to 2031.

Albany NY, United States: The global mHealth services market was valued at US$ 111.6 Bn in 2021 and is projected to expand at a CAGR of 15.7% from 2022 to 2031.

mHealth or mobile health, as defined by the World Health Organization (WHO), is the use of wireless technologies to support the achievement of health objectives. Similarly, the National Institutes of Health (NIH) defines mHealth as the use of mobile and wireless devices in order to improve health outcomes, health care services, and health research.

Increase in incidence of chronic diseases is one of the major factors driving the global mHealth services market. Mobile healthcare services help the independent geriatric population to immediately access different healthcare services, and hence are increasingly preferred by them.

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Chronic diseases require long-term medication and continuous monitoring. It can be done with ease by using mHealth technology, services, and solutions. Moreover, monitoring and treatment of chronic diseases involves high cost due to continuous/regular monitoring and interventions required over the long-term. Mobile health makes it easier for patients to stay connected to a healthcare provider. Deaths due to chronic diseases such as diabetes, cancer, cardiovascular diseases (CVDs), and other diseases have risen in the last decade. The commonly known chronic diseases are cancer, cardiovascular diseases (including heart attacks), diabetes, and chronic lung diseases (including asthma). Hence, there is a higher demand for mHealth solutions globally.

Key Takeaways

  • In terms of service, the solutions for patient segment accounted for 86% share of the global market in 2021
  • Based on application, the general healthcare & fitness segment held 68% share of the global market in 2021
  • In terms of end-user, the individuals segment accounted for around 50% share of the global market in 2021

In terms of region, North America held 15% share of the global market in 2021. The market in the region is likely to grow at a rapid pace during the forecast period.

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Competitive Landscape Outlook

The global mHealth services market is fragmented due to the presence of a large number of leading players. Key players operating in the global market include AT&T, Inc., Apple, Inc., Airstrip Technologies, Inc., Alcatel-Lucent, Cerner Corporation, Qualcomm, Inc., Diversinet Corp., Koninklijke Philips N.V., SoftServe, Inc., Symantec Corporation, and Vodafone Group plc.

Global mHealth Services Market: Key Developments

Recent developments in the global mhealth services market include:

In January 2021, AirStrip announced collaboration with Trice Imaging, a company that deals with mobile cloud-based medical image management. The companies have collaborated so that the providers can share clinical relevant patent data quickly and at a faster speed such as cardiac waveforms.

In October 2019, Livongo Health signed a contract to provide mHealth care management services for the blue cross blue shed based (FEHBP) individuals that have or are diagnosed with diabetes.

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Global mHealth Services Market: Segmentation

  • Global mHealth Services Market, by Service
  • Solutions for Patients
    • Wellness
    • Prevention Service
    • Monitoring Service
    • Diagnostic Service
    • Treatment Service
    • Information & Reference
  • Healthcare System Strengthening
    • Emergency Response
    • Health Care Practitioner Support
    • Healthcare Surveillance
  • Global mHealth Services Market, by Application
  • General Healthcare & Fitness
  • Medication Information
  • Remote Monitoring, Collaboration, and Consultancy
  • Healthcare Management
  • Health Data & Record Access
  • Global mHealth Services Market, by End-user
  • Public/Private Healthcare Institutions
  • Physicians
  • Healthcare Workers
  • Individuals
  • Global mHealth Services Market, by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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