As per this study the Global mHealth Market was valued USD 57.8 BN (by revenue) in 2022 and is anticipated to reach USD 41.08 BN by 2030 with a CAGR of 11.8%.
mHealth or mobile health is an umbrella term for the use of mobile phones and other wireless technology in medical care. The major reason for the popularity of mHealth is its convenience and is used to educate the consumer about preventive healthcare services. In addition, it is also used for treatment support, epidemic tracking and chronic disease management. Wearable devices and mobile phones are a major part of mHealth.
Market Dynamics
The increasing penetration of smartphones along with easy access to 3G and 4G connection across the globe is driving the market growth. In addition, low cost and convenience of medical devices, technological innovations, integration of wireless technologies, affordability of smartphones and government initiatives are also some of the factors boosting the mHealth market. Though, increasing focus of the population towards fitness and nutrition diets is further expected to spur the opportunity in the forecast period. However, lower accuracy, and the initial phase of technology in underdeveloped economies and lack of technological awareness among the aging population are expected to restrain market growth in upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of mHealth.
Market Segmentation
The broad mHealth market has been sub-grouped into device, service, application and stakeholder. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Component
By Services
By Participants
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for mHealth in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on the demand for individual application segments in all the regions.
Global mHealth Market Share by Region (Representative Graph)
The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the mHealth market include AAT&T, Samsung Electronics Co., Allscripts Healthcare Solutions, Apple, Inc., Orange, mQure, Qualcomm Technologies, Inc., SoftServe, Google, Inc, Airstrip Technologies, Inc., Telefonica S.A., Vodafone Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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