mHealth Market by Product, End User, Application

List of Tables

[187 Pages Report] The mHealth Market size was estimated at USD 105.10 billion in 2023 and expected to reach USD 135.50 billion in 2024, at a CAGR 29.02% to reach USD 625.62 billion by 2030.

mHealth encompasses usage of mobile and wireless technologies to deliver healthcare solutions and services. These solutions include diagnostic tools, treatment options, remote patient monitoring systems, telemedicine services, and health information exchange platforms. The widespread penetration of internet connectivity has also facilitated the expansion of telehealth services in rural areas where access to traditional healthcare might be limited otherwise. However, data privacy concerns are paramount as sensitive personal health information related data is stored on mobile devices or transmitted over networks susceptible to cyber-attacks. Market players are working on developing secure data storage and transmission protocols while adhering to regulatory frameworks across multiple jurisdictions to provide safe solutions. Emerging opportunities within the mHealth market include personalized medicine, wherein data collected through wearable devices can help tailor treatments specific to individual patients' needs. Moreover, advances in artificial intelligence (AI) have enabled more accurate diagnosis by analyzing vast amounts of health data from electronic health records (EHRs) along with other sources such as medical images or genomic data.

KEY MARKET STATISTICS
Base Year [2023]	USD 105.10 billion
Estimated Year [2024]	USD 135.50 billion
Forecast Year [2030]	USD 625.62 billion
CAGR (%)	29.02%

Product: Rising use of mobile health apps for remote consultation

Connected medical devices enable the remote monitoring and management of patient's health conditions, enhancing patient care by facilitating timely interventions. Some major connected medical devices include glucose monitors, blood pressure cuffs, and wearable fitness trackers. Mobile health apps have revolutionized personal healthcare by providing users access to essential health information at their fingertips. These apps cater to diverse needs such as fitness tracking, medication reminders, mental health support, and telemedicine appointments. Mobile health services provide end-to-end digital healthcare solutions that encompass consultations with physicians via video calls or messaging platforms, appointment scheduling software, electronic prescriptions management systems, and data integration with other healthcare systems.

Application: Popularity of mHealth solutions for fitness and wellness management

Mobile applications and wearable devices have been designed to track and promote physical activity, with features such as GPS tracking, heart rate monitoring, calorie counting, and personalized workout plans to encourage users to maintain or improve their fitness levels. mHealth solutions play a crucial role in disease management through remote patient monitoring (RPM), telemedicine services, medication adherence tools, and chronic condition self-management tools. In times of crisis or natural disasters, mHealth has proven invaluable in delivering timely information and assistance. Mobile applications can provide first-aid instructions during emergencies or allow users to send real-time alerts detailing their location if they need urgent help from emergency responders. A growing number of applications focus on stress reduction, mindfulness, meditation, and cognitive behavioral therapy techniques that users can practice anytime.

End-User: Accelerating adoption of mHealth solutions among patients to seek timely medical help

Within the mHealth domain, healthcare patients seek solutions that offer convenience, accessibility, and affordability in managing their health. mHealth is used for remote consultations, telemedicine services, wearable devices for monitoring vitals, and medication reminders through mobile apps. mHealth solutions targeting healthcare payers focus on streamlining administrative processes and reducing costs associated with claims processing and fraud detection while improving member engagement for overall patient satisfaction. It can be used to conduct electronic claim submission portals, mobile apps for members to manage their benefits and access resources quickly, as well as data analytics tools to identify trends and cost-saving opportunities. Healthcare providers require mHealth solutions that enhance the quality of care and streamline workflows while ensuring regulatory compliance. They can use electronic health record (EHR) systems, telemedicine platforms for remote consultations, e-prescription services, and clinical decision support tools to improve diagnostic accuracy.

Regional Insights

In the Americas, both North and South America have demonstrated a significant uptake of mHealth solutions due to its advanced healthcare infrastructure and technological prowess. Government initiatives promoting digital health services and expanding coverage of high-speed internet connectivity is the major reason for product usage in the region. The Asian market has also experienced considerable expansion in terms of mHealth adoption due to its large population base with diverse healthcare needs. Asian-based companies are fast gaining traction in their respective markets while delivering innovative mHealth products across various verticals. Europe, being one of the most developed markets globally concerning health technology integration, has experienced widespread acceptance of mHealth solutions. Countries such as Germany, the United Kingdom, and France are at the forefront of this adoption, primarily driven by their matured healthcare systems and active support from government initiatives promoting digital health innovation. Europe houses numerous well-established players focusing on enriching patients' lives through advanced technology-driven solutions.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the mHealth Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the mHealth Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the mHealth Market, highlighting leading vendors and their innovative profiles. These include AgaMatrix Inc., AirStrip Technologies, Inc., Akili Interactive Labs, AliveCor, Allscripts Healthcare Solutions, Inc., Amazon Web Services, Inc., Apple Inc., AT&T Inc., Babylon Health, Biofourmis Inc., Boston Scientific Corporation, Cerner Corporation by Oracle Corporation, Cisco Systems, Inc., Cognoa, Inc., Google LLC by Alphabet Inc., iHealth Lab Inc., International Business Machines Corporation, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Lumeon Ltd., Medtronic PLC, OMRON HEALTHCARE , INC, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., and Veradigm LLC.

Market Segmentation & Coverage

This research report categorizes the mHealth Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Connected Medical Devices
  - Clinical Devices
    - Blood Glucose Meters
    - Blood Pressure Monitors
    - ECG/Heart Rate Monitors
    - Fetal Monitoring Devices
    - Multiparameter Trackers
    - Neurological Monitoring Devices
    - Peak Flowmeters
    - Pulse Oximeters
    - Sleep Apnea Monitors

Consumer Health Devices

Mobile Health Apps
- Healthcare Apps
  - Chronic Care Management Apps
  - General Health & Fitness Apps
  - Medication Management Apps
  - Personal Health Record Apps
  - Women's Health Apps

Medical Apps
- Communication & Consulting Apps
- Continuing Medical Education Apps
- Medical Reference Apps
- Patient Management & Monitoring Apps

Mobile Health Services

End User
- Healthcare Patients
- Healthcare Payers
- Healthcare Providers

Application
- Disease Management
- Emergency Response & First Aid
- Mental Health & Wellbeing
- Physical Fitness

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the mHealth Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the mHealth Market?

3. What are the technology trends and regulatory frameworks in the mHealth Market?

4. What is the market share of the leading vendors in the mHealth Market?

5. Which modes and strategic moves are suitable for entering the mHealth Market?

Product Code: MRR-4312A385A3E7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing use of mobile and smart devices for delivering healthcare service
  - 5.1.1.2. Government initiatives encouraging the use of telehealth and telemedicine
  - 5.1.1.3. Integration of mhealth solutions with electronic health records
- 5.1.2. Restraints
  - 5.1.2.1. Concerns associated with complex usability and system integration
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to leverage AI and ML for the development of mHealth services
  - 5.1.3.2. Collaboration activities between hospitals and mHealth solution providers
- 5.1.4. Challenges
  - 5.1.4.1. Privacy concerns concerning data leaks and data breaches
5.2. Market Segmentation Analysis
- 5.2.1. Product: Rising use of mobile health apps for remote consultation
- 5.2.2. Application: Popularity of mHealth solutions for fitness and wellness management
- 5.2.3. End-User: Accelerating adoption of mHealth solutions among patients to seek timely medical help
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. mHealth Market, by Product

6.1. Introduction
6.2. Connected Medical Devices
6.3. Mobile Health Apps
6.4. Mobile Health Services

7. mHealth Market, by End User

7.1. Introduction
7.2. Healthcare Patients
7.3. Healthcare Payers
7.4. Healthcare Providers

8. mHealth Market, by Application

8.1. Introduction
8.2. Disease Management
8.3. Emergency Response & First Aid
8.4. Mental Health & Wellbeing
8.5. Physical Fitness

9. Americas mHealth Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific mHealth Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa mHealth Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Acadian Health And Healthcall Partner On New Sdoh Solution For Mobile Integrated Healthcare
- 12.3.2. LifeOmic Launches Patient Mobile App, Enabling Health Systems and Providers with a Configurable Toolkit to Improve Health Outcomes
- 12.3.3. MediBuddy buys Aetna's telehealth biz in India
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio