Global mHealth Market Size Study, by Category, by Service Type, by Service Provider and Regional Forecasts 2022-2032

Description

Global mHealth Market is valued at approximately USD 83.17 billion in 2023 and is anticipated to grow at a healthy compound annual growth rate (CAGR) of 13.1% during the forecast period from 2024 to 2032. The term mHealth refers to the utilization of mobile devices, such as smartphones, tablets, and other wireless technologies, in supporting the delivery of public health and medical services. This rapidly growing field within digital health enables a wide range of functions, including patient education, diagnostic and treatment support, and remote patient monitoring. The increasing demand for home-based patient care, particularly among the aging population, is one of the prominent factors fueling the market growth. Additionally, the use of mHealth solutions for chronic disease management and remote healthcare supply chain management contributes to the sector's rapid expansion.

The rise in the number of players entering the mHealth market is intensifying competition, pushing leading companies to offer innovative solutions. This, coupled with rapid technological advancements, further supports the growing adoption of mHealth solutions. For instance, the U.S. FDA's introduction of CURE ID, a cloud-based platform, allows healthcare professionals to share their experiences treating rare infectious diseases using FDA-approved drugs via smartphones or other mobile devices. Such technological progress underlines the significance of mHealth in enhancing healthcare service delivery and efficiency. Moreover, the growing focus on innovative app and wearable development as well as increasing government support for digital health initiatives present various lucrative opportunities over the forecast years. However, the data privacy and security concerns, as well as regulatory challenges in certain regions are challenging the market growth throughout the forecast period of 2024-2032.

Key regional markets include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held the largest share of the mHealth market in 2023, due to the increasing prevalence of chronic diseases, rising smartphone penetration, and growing demand for wearable health devices. Meanwhile, Europe is set to witness the fastest growth, driven by the expanding number of startups focusing on developing mobile health applications and wearables.

Major market players included in this report are:

Koninklijke Philips N.V.
Cerner Corporation
Allscripts Healthcare Solutions, Inc.
Medtronic PLC
Apple Inc.
Qualcomm Incorporated
Samsung Electronics Co., Ltd.
AT&T Inc.
General Electric Company
International Business Machines Corporation
Epic Systems Corporation
McKesson Corporation
Johnson & Johnson
Alphabet Inc.
Fitbit Inc.

The detailed segments and sub-segments of the market are explained below:

By Category:

Mobile Applications
Wearables

By Service Type:

Monitoring Services
Fitness and Wellness Solutions
Diagnostic Services
Treatment Services
Other Services

By Service Provider:

mHealth App Companies
Pharmaceutical Companies
Hospitals
Health Insurance Providers
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global mHealth Market Executive Summary

1.1. Global mHealth Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Category
- 1.3.2. By Service Type
- 1.3.3. By Service Provider
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global mHealth Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global mHealth Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing demand for remote patient monitoring systems
- 3.1.2. Growing penetration of smartphones and wireless technology
- 3.1.3. Increasing focus on digital transformation of healthcare
3.2. Market Challenges
- 3.2.1. Data privacy and security concerns
- 3.2.2. Regulatory challenges in certain regions
3.3. Market Opportunities
- 3.3.1. Growing focus on innovative app and wearable development
- 3.3.2. Increasing government support for digital health initiatives

Chapter 4. Global mHealth Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunities
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global mHealth Market Size & Forecasts by Category (2022-2032)

5.1. Segment Dashboard
5.2. Global mHealth Market: Category Revenue Trend Analysis (2022 & 2032)
- 5.2.1. Mobile Applications
- 5.2.2. Wearables

Chapter 6. Global mHealth Market Size & Forecasts by Service Type (2022-2032)

6.1. Segment Dashboard
6.2. Global mHealth Market: Service Type Revenue Trend Analysis (2022 & 2032)
- 6.2.1. Monitoring Services
- 6.2.2. Fitness and Wellness Solutions
- 6.2.3. Diagnostic Services
- 6.2.4. Treatment Services
- 6.2.5. Other Services

Chapter 7. Global mHealth Market Size & Forecasts by Service Provider (2022-2032)

7.1. Segment Dashboard
7.2. Global mHealth Market: Service Provider Revenue Trend Analysis (2022 & 2032)
- 7.2.1. mHealth App Companies
- 7.2.2. Pharmaceutical Companies
- 7.2.3. Hospitals
- 7.2.4. Health Insurance Providers
- 7.2.5. Others

Chapter 8. Global mHealth Market Size & Forecasts by Region (2022-2032)

8.1. North America mHealth Market
- 8.1.1. U.S. mHealth Market
  - 8.1.1.1. Category breakdown size & forecasts (2022-2032)
  - 8.1.1.2. Service Type breakdown size & forecasts (2022-2032)
  - 8.1.1.3. Service Provider breakdown size & forecasts (2022-2032)
- 8.1.2. Canada mHealth Market
8.2. Europe mHealth Market
- 8.2.1. UK mHealth Market
- 8.2.2. Germany mHealth Market
- 8.2.3. France mHealth Market
- 8.2.4. Spain mHealth Market
- 8.2.5. Italy mHealth Market
- 8.2.6. Rest of Europe mHealth Market
8.3. Asia Pacific mHealth Market
- 8.3.1. China mHealth Market
- 8.3.2. India mHealth Market
- 8.3.3. Japan mHealth Market
- 8.3.4. Australia mHealth Market
- 8.3.5. South Korea mHealth Market
- 8.3.6. Rest of Asia Pacific mHealth Market
8.4. Latin America mHealth Market
- 8.4.1. Brazil mHealth Market
- 8.4.2. Mexico mHealth Market
- 8.4.3. Rest of Latin America mHealth Market
8.5. Middle East & Africa mHealth Market
- 8.5.1. Saudi Arabia mHealth Market
- 8.5.2. South Africa mHealth Market
- 8.5.3. Rest of Middle East & Africa mHealth Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Koninklijke Philips N.V.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Cerner Corporation
- 9.3.3. Allscripts Healthcare Solutions, Inc.
- 9.3.4. Medtronic PLC
- 9.3.5. Apple Inc.
- 9.3.6. Qualcomm Incorporated
- 9.3.7. Samsung Electronics Co., Ltd.
- 9.3.8. AT&T Inc.
- 9.3.9. General Electric Company
- 9.3.10. International Business Machines Corporation
- 9.3.11. Epic Systems Corporation
- 9.3.12. McKesson Corporation
- 9.3.13. Johnson & Johnson
- 9.3.14. Alphabet Inc.
- 9.3.15. Fitbit Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes