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I AgreeAnalysis of mHealth Apps Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The newly-released mHealth Apps industry analysis report by Fact.MR shows that global sales of mHealth Apps in 2021 was held at US$ 36.7 Bn and is expected to grow at a CAGR of 14.3% during the period from 2022-2032.
The projected market growth is significantly higher than the historical average of 11.9% during the period of 2017-2021. The Medical Apps segment is expected to be the highest revenue generating segment, accounting for an absolute dollar opportunity of nearly US$ 110.7 Bn during 2022 – 2032.
As per the mHealth Apps industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the mHealth Apps industry increased at CAGR of around 11.9%, while the majority stake of 35% of global market is held by U.S.
The market is expected to be driven by the increasing usage of fitness and medical apps to gather and track individuals' health-related data and to enhance patient’s overall health using smartphones. Owing to this, mHealth Apps market is projected to grow at a CAGR of 14.3% over the period of 2022-2032.
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The major factors driving the growth of mHealth Apps are mentioned below:
The mHealth Apps helps its users streamline communication with its self-management user interface. It empowers the patients and fitness freaks to access real-time monitoring. These apps, however, are highly susceptible to cyberthreats since they have to collect and transmit personal and protected health information across platforms. The privacy concerns, data security laws, access to sensitive information, hacking challenges and the automatic installation of hazardous software are all expected to hinder market expansion. In developing countries, the technological barrier and limited digital infrastructure are restricting the growth of the market. Furthermore, one of the primary reasons expected to limit the market's growth is lesser regulatory approval for mHealth applications. According to the medical economics report, only 219 mobile health applications were approved by the FDA by 2018.
Among all the regions considered in the report, the APAC region is expected to grow fastest at the CAGR of 16.1% during the forecasted period of 2022 – 2032. It is expected to be driven by growing smartphones usage, significant growth in network connectivity, greater patient care diagnostics and improved devices in the APAC region. Furthermore, a low-cost healthcare system encourages the growth of the mHealth sector in this region. Because of its simplicity of use and handling, as well as its larger market size, the mobile health sector has seen substantial growth in adoption. According to a poll, more than 40% of people in the APAC region uses mHealth apps for a variety of purposes, including fitness tracking, heart rate monitoring, blood pressure monitoring, among others.
Among all the countries considered in report, the U.S. dominated the mHealth Apps market with a significant market share of 36.4% globally. Several factors are driving the growth of the mHealth apps market in the U.S., including increased awareness among individuals to use mobile health apps, advanced network coverage, rapid growth in smartphone usage & prevalence of chronic diseases.
The market in China is expected to grow fastest at the CAGR of 19%, followed by Canada at 18.1%, Germany at 16.1% and Japan & U.K. at 15.7%. The market in these countries are growing at a rate faster than U.S. due to lower base effect and presence of potential customers.
In 2021, the medical apps segment led the mHealth App industry, accounting for 96.4% of total revenue. This happens because the patients and healthcare professionals are becoming more aware of the benefits of using medical apps for remote and easy communication. In addition, there has been a spike in usage of telehealth and telemedicine technologies by the chronic disease patients to lower the spread of virus during the pandemic time.
The fitness apps category is expected to grow at a CAGR of 13.4% throughout the forecast period, owing to increased use of fitness-related apps and increased awareness of self-health management. The fitness app segment is driven by a growing emphasis on adopting a healthy lifestyle. With the increase in the consumption of wearable devices, the requirement for fitness apps to track their details increases. The category growth under Diet & Nutrition segment is expected to grow by 13.7% throughout the forecasted period because of rising public awareness of diet-related issues.
The COVID-19 outbreak has impacted the ongoing trends of the mHealth Apps market and added the new dimension to it. Government and Non-government organisations promoted the use of mHealth Apps for creating awareness among the public. These apps were widely being used for self-management of symptoms, remote monitoring, contact tracing and training the people for controlling the pandemic.
The expansion of mHealth Apps during the pandemic is not limited to the covid patients only but would include the patients with chronic ailments who switched to digital consultations as a way to prevent the spread through physical visits. This way the market of mHealth Apps was able to grow at CAGR of 12% and 12.3% in the pandemic years (2020-2021) as compared to 11.4% growth during the non-pandemic years.
The growing acceptance and deployment of mHealth apps has fostered a competitive atmosphere among industry participants. In addition, the major companies’ core tactics of mergers, collaborations, and acquisitions are predicted to boost market expansion and increase rivalry. To maintain their dominant position in the industry, the major players are focusing on producing cost-effective healthcare mobile applications that meet the needs of consumers. As a result, the market for mHealth is expected to grow faster in the next few years as a result of the innovations made by the major players.
The major competitors in the mHealth Apps Industry are Airstrip technologies AstraZeneca PLC, Abbott laboratories, Bristol-Myers Squibb Company, Pfizer Inc, Allscripts, AT&T, Apple Inc., Sanofi, Johnson and Johnson, Orange, Google Inc, Samsung Electric Co. ltd, Teladoc Health Inc., Qualcomm Technologies Inc, GlaxoSmithKline Plc, Merck & Co. Inc, F. Hoffmann-La Roche Ltd., Novartis AG, etc
Some of the key developments in the mHealth Apps industry being channelised by market players are as follows:
Similarly, recent developments related to companies offering mHealth Apps have been tracked by the team at Fact.MR, which are available in the full report.
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Details |
Forecast Period |
2022-2032 |
Historical Data |
2017-2021 |
Quantitative Units |
In US$ Bn |
Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Currently, the mHealth Apps market is worth more than US$ 36.7Bn and is expected to reach at US$ 114.5 Bn in coming 10 years.
The mHealth Apps market is expected to increase at the CAGR of 14.3% over the period of next 10 years.
During the period of 2017-2021, the CAGR of mHealth Apps market was valued at 11.9%.
The mHealth Apps market growth is primarily driven by the increase in the preference of mobile apps for tracking health of a person.
One of the key trends is post covid switch to digital health platforms for chronic ailments.
The Medical Apps segment accounts for majority stake in revenue of the mHealth Apps market with 96.4% stake in 2021.
The combined market share of top 5 countries in the mHealth Apps market is 55.39%.
The top 5 countries driving the demand for mHealth Apps market are U.S., China, Japan, Canada and Germany