mHealth Market

mHealth Market Outlook (2024 to 2034)

Expanding at a CAGR of 10.6%, projections are that the global mHealth market will increase from a valuation of US$ 70.98 billion in 2024 to US$ 194.02 billion by 2034-end.

mHealth is segmented into mHealth Wearables and mHealth Apps. Among all components, mHealth apps are expected to capture significant global market share by the end of the forecast period, while most of the global mHealth market revenue will be generated by mobile operators.

The rising number of mobile Internet subscribers and improvement in connectivity infrastructure are attributed as key motivators behind rising mHealth (Mobile Health) service adoption. At the same time, mHealth services are expected to be leveraged by content players, given the rising need for documenting, handling and monitoring of various health conditions by multiple stakeholders. Ongoing developments in healthcare delivery systems to improve patient outcomes are prompting key stakeholders to introduce effective solutions.

The recent COVID-19 pandemic crisis gave rise to mHealth solutions driven by extensive reliance on virtual platforms for diagnostic and treatment consultations, amid fear of contracting the virus through face-to-face contact. Patients afflicted with various diseases extensively capitalized on telehealth services to avail consultations from doctors. In the post-pandemic scenario, the virtual healthcare solutions are still gaining traction. Consequently, mHealth app and service providers are introducing highly robust and state-of-the-art solutions, capable of being integrated with advanced technologies such as IoT, blockchain, big data analytics, and artificial intelligence.

• North America is projected to hold 33.5% of the global mHealth market share by 2034.
• The Western Europe mHealth market size is calculated at US$ 15.34 billion for 2034.

Report Attributes	Details
mHealth Market Size (2024E)	US$ 70.98 Billion
Forecasted Market Value (2034F)	US$ 194.02 Billion
Global Market Growth Rate (2024 to 2034)	10.6% CAGR
South Korea Market Value (2034F)	US$ 7.47 Billion
mHealth Wearable Demand Growth (2024 to 2034)	10.8% CAGR
Key Companies Profiled	SoftServe Google Inc. Apple Inc. Orange Allscripts Healthcare Solutions mQure AT&T Telefonica S.A. Qualcomm Technologies, Inc. Airstrip Technologies, Inc.

Why is Demand for mHealth Solutions Gaining Rapid Momentum?

“Extensive Reliance on Virtual Space Driving Popularity of mHealth Services”

The global healthcare industry is undergoing an impressive transformation. Countries globally are titling towards digitization to provide a more streamlined experience to patients, leading to improved treatment outcomes and easing of medical workflows. This is translating into the extensive uptake of mHealth apps and services.

• According to the 2030 Agenda for Sustainable Development, the spread of information and communications technology and global interconnectedness has tremendous potential to accelerate human progress, bridging the digital divide and develop knowledge-based societies. This notion has been made the cornerstone of all healthcare providers to improve access to medical care across all regions.

“Integration of Advanced Technologies Uplifting Overall Product Efficiency”

Health-related technologies such as telemedicine and health record solutions and mobile applications including mental health apps are often known as mHealth, which helps in managing patients’ experiences and health records. Such health mobile technologies and apps utilize advanced data analytics to help medical professionals provide their patients best care at a low cost.

These health mobile applications facilitate easy and better health management through simple apps such as diet, exercise trackers, and calorie counting. Such USPs are driving the global mHealth market growth. Along with this, rising penetration of internet connections and smartphones, and rapid technological advancements in the healthcare industry are the factors majorly fuelling the sales of mHealth technologies.

Technologies such as the Internet of Things, artificial intelligence, virtual care, remote monitoring, and big data analytics to create a continuum of care have proven potential to enhance health outcomes by improving clinical trials, medical diagnosis, digital therapeutics, data-based treatment decisions, self-management of care, and person-centered care as well as creating more evidence-based knowledge, skills and competence for professionals to support healthcare.

Furthermore, mHealth ensures continuous communication between medical professionals and patients, thereby allowing physicians to monitor, and diagnose patients without seeing them in person. Such benefits are also boosting the demand for mHealth services.

Which Obstacles are Lowering Use of mHealth Technologies?

“Lack of Knowledge and Security Concerns”

Advanced mHealth technologies are anticipated to offer effective patient care. But lack of awareness and knowledge is expected to hamper their widespread adoption. Security concerns of data theft are also acting as a deterrent. The misuse of patient’s health data and the lack of standards to secure health information are lowering mHealth service sales growth.

Start-up Scenario

• Remote health care apps by Hale, a United States-based start-up, provide an effective personalized healthcare solution anytime, anywhere. The patients are able to seek medical help using care plans and telemedicine.
• iamsick.ca is a Canadian healthcare platform that aids patients to booking an appointment, a real-time virtual visit, pharmacy services, and more. This platform provides overall access to healthcare services in just one click.
• SkinVision is a Netherlands-based start-up that provides self-diagnostic apps. This integrated dermatology service solution detects skin cancer at early stage, when it can be get cured.
• Germany-based company Vivira is basically a rehabilitation app that provides customized digital training program for orthopedic patients. The application provides exercise content to patients wherever they want. The video content helps provide training program to patients and also tracks progress.

Country-wise Analysis

Why Should mHealth Solution Providers Invest in the United States?

“Rising Importance of Monitoring Cardiovascular Health Increasing Need for Advanced Healthcare Technologies”

Attribute	United States
Market Value (2024E)	US$ 23.29 Billion
Growth Rate (2024 to 2034)	12% CAGR
Projected Value (2034F)	US$ 72.41 Billion

Rising prevalence of cardiovascular problems and the subsequent need to manage the condition across multiple healthcare settings are boosting the adoption of mHealth technologies in the United States. The country is likely to witness a healthy demand for these technologies throughout the forecast period.

• According to the Centers for Disease Control and Prevention (CDC), heart disease is the leading cause of death among people across most ethnic and racial groups in the United States. One person dies every 33 seconds in the United States from cardiovascular disease.
• On a yearly basis, 1 in every 5 deaths is caused by a cardiovascular condition. Consequently, healthcare providers are taking measures to curb this incidence on a heightened scale.

Given the deepening internet penetration, healthcare facilities across the country have extensively invested in procuring mHealth applications and services to monitor heart patients. Companies such as Apple Inc., AT&T and Smart Meter are active market players in the mHealth domain.

Why is China a Huge Market for mHealth Solutions in Asia Pacific?

“Greater Access to Smartphones amid Rising Living Standards”

Attribute	China
Market Value (2024E)	US$ 5.92 Billion
Growth Rate (2024 to 2034)	16.5% CAGR
Projected Value (2034F)	US$ 20.94 Billion

China is expected to be a lucrative hub for mHealth providers. Increasing emphasis on improving access to healthcare amid the prevalence of a large geriatric population base is driving adoption of mHealth services across China. Increasing penetration of smartphones, given the rapidly improving living conditions is a notable mHealth market trend driving sales growth. Furthermore, rising government initiatives to promote digital literacy and virtual healthcare are significantly boosting demand for mHealth services in China.

Why are mHealth Technology Providers Flocking Germany?

“Advancements in Technologies Increasing Demand for Smart Mobile Health Solutions”

Technological advancements, rising prevalence of chronic disorders, and increasing awareness of healthcare apps is creating a profitable environment for mobile health service providers in Germany. Various initiatives by the government related to awareness of telehealth are further boosting the adoption of mHealth apps in Germany.

• Royal Philips in 2021 launched a digital platform named ‘IntraSight Mobile an easy to use digital IVUS imaging and physiology system. This system designed for peripheral vascular and coronary procedures.

Category-wise Analysis

Which mHealth Component is Most Widely Utilized?

“Rising Awareness of Health and Wellness Driving Use of mHealth Apps”

Attribute	mHealth Apps
Segment Value (2024E)	US$ 41.09 Billion
Growth Rate (2024 to 2034)	10.4% CAGR
Projected Value (2034F)	US$ 110.52 Billion

Increasing access to smartphones and high-speed mobile connectivity are widening prospects for mHealth applications. Moreover, the quest to streamline healthcare disbursement is also boosting the growth prospects. In recent years, there has been increasing awareness regarding remote patient monitoring. Remote patient monitoring is imperative to ensure a speedy recovery, encompassing such aspects as medication management, fitness tracking, record management and disease management respectively. Thus, mHealth applications are exactly suited to fulfil these aforementioned objectives.

Why are Mobile Health Monitoring Services Highly Sought After?

“Increasing Geriatric Population with Chronic Disorders Elevating Need for mHealth Monitoring Services”

Attribute	Mobile Health Monitoring Services
Segment Value (2024E)	US$ 19.22 Billion
Growth Rate (2024 to 2034)	10.4% CAGR
Projected Value (2034F)	US$ 51.71 Billion

According to Fact.MR, a market research and competitive intelligence provider, mHealth monitoring services are anticipated to hold 44.6% of the global market share by 2034. Segment growth is primarily attributed to the ever-increasing cases of chronic ailments. Conditions such as diabetes, hypertension and cardiac problems are becoming highly common across all regions.

These conditions require constant monitoring by healthcare providers, which is augmenting the need for advanced tracking systems. Furthermore, the presence of a large proportion of geriatrics is enhancing the importance of healthcare solutions such as mHealth monitoring services for chronic conditions.

Competitive Landscape

Given the high penetration of technological advancements in the healthcare domain, prominent mHealth service providers are incorporating the latest virtual technologies to introduce highly sophisticated mobile applications. Besides, extensive R&D activities, collaborations and mergers & acquisitions constitute other expansion strategies of key players in the mHealth industry.

• In January 2022, AT&T Inc. announced a partnership with Smart Meter to improve health outcomes for patients with chronic conditions such as diabetes and high blood pressure by providing advanced technologies.

Key Segments Covered in mHealth Market Research

• By Component :

  • mHealth Wearables
    • BP Monitors
    • Glucose Monitors
    • 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

• By Service :

  • mHealth Monitoring Services
    • Independent Aging Solutions
    • Chronic Disease Management & Post-acute Care Services
    • mHealth Diagnosis Services
    • mHealthcare Systems Strengthening Services
    • Others

• By Participant :

  • Mobile mHealth Operators
  • mHealth Device Vendors
  • mHealth Content Players
  • mHealthcare Providers

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa