mHealth market was valued USD 47.5 million in 2021 and is expected to reach USD 123.6 billion by 2030 at 11.3% CAGR during the forecast period 2022-2030. mHealth is defined as a separate branch of eHealth that handles patient data collection. This patient data is collected via wireless electronic means such as mobile phones, wearables, and other mHealth devices. In addition, the collected patient data is stored remotely in the cloud using the mHealth application. This stored data will be available to healthcare professionals to analyze health-related parameters. For example, the mHealth blood pressure monitor collects data about patient blood pressure fluctuations. A medical professional immediately checks these values to determine the severity of the illness. In addition, various types of medical devices and services are on the market.
As people become more aware of personal health care, patients focus on their clinical picture and provide relevant information about their needs. The mobile and electronics industries are also focused on developing smartphones, watches, and other wearable devices. Medical prisoners are also investing in these variables that drive the mHealth market to tremendous growth.
COVID 19 Analysis
The arrival of the Covid-19 pandemic has accelerated growth for the medical and healthcare services to a great extent. However, the other industries are struggling with this new change and taking their time to implement them across various industries. The production, manufacturing, and delivery units have suffered the most owing to the travel, operational, and lockdown restrictions. The pandemic has hit the lives of people making them do every step that boosts their immunity. Also, the people who have contracted the illness are either in hospitals or home quarantine. To treat the patients and cure this illness along with others, the patients’ record is a must. This is because the treatment of the patients and the risk quotient are understood with the help of the same.
The mHealth devices are being manufactured for wide use for the patients. The collected data through the services of the mHealth market helps in curing the patients and hence, is undergoing development. The key market players are investing in the research and development departments for devices and services to benefit patients and helping them receive the best possible treatment. Also, the government is showing support towards the global growth of the mHealth market with its offered schemes and regulations.
Owing to the increased awareness amongst people for personal healthcare, the patients are getting involved in-depth for their medical condition and provide appropriate information on requirements. Also, the mobile and electronic industry is focusing on the same by developing smartphones, watches, alongside other wearable devices. Also, the healthcare industry inmates are investing in these variables which are helping the mHealth market to grow at a staggering rate.
The mHealth market deals in collecting the medical and other important information related to the patient and any family history of diseases. But, while getting the information recorded, the patients feel insecure owing to security and privacy issues. The risk related to misuse and data leaks is high due to which fewer patients sign up for the same.
The development in technology and other scientific advancement has a lot of benefits in store for the healthcare services where collecting and recording the patient’s data holds foremost importance. The key market players are on their way towards the use of wireless technology and integrating the same with the healthcare devices that are employed in the process of data collection. The mHealth market is thus, aiming to put both the doctors and patients in a better state to treat and seek treatment.
To cater to a larger audience and expand its lane of operations, the mHealth apps market size has been segmented based on the devices, services, stakeholders, applications, along with the global regions. The sub-segmentation is as follows:
Based on the devices, the mHealth market has devices like blood glucose meters, cardiac, neurological, and BP monitors, along with others like wearable fitness sensor devices, and heartbeat meters amongst others. These are both being demanded by the healthcare professionals and patients and further, produced by the key market players in various regions.
The services that are offered through the mHealth market are prevention services, alongside others like monitoring and diagnostics, treatment, surgeries, wellness, and strengthening solutions for healthcare systems.
The stakeholder segment of the mHealth market includes mobile operators, healthcare service providers, content players, and device vendors.
The application segment of the mHealth market includes diseases like cardiovascular diseases, respiratory issues, diabetes, and neurological issues amongst others. The patients who suffer from these have a higher risk and thus, medical condition information and reports are a must to be collected.
As per the mHealth market trends, the North American market enjoyed a major share in the market in 2019, and there is a similar expectation by the end of the forecast period in 2030. The main reason behind this is that the region is witnessing major growth in the rise of the population that is suffering from problems like diabetes, cardiovascular issues, and BP problems. Hence, to help the patients, the key market players in this region are focusing on the development of mobile health devices and services. The patients are thus, demanding the same which is staggering an excellent growth in the global mHealth market.
The fastest-growing region as per the prediction is the APAC region. The key market players that are functional in this region are focusing on creating and raising awareness related to mobile healthcare services and devices for the patients having major issues and need to visit the hospitals now and then.
The mHealth market value is largely dependent on the efforts for growth, mergers, and acquisitions, to enhance their product lane, services, and global presence. Also, the growth opportunities and strategies by the market players have a role to play in determining the market valuation by the end of the forecast period in 2030. The prominent players of the market are as follows:
In June 2022
To assist in the resource selection process, the U.S. Department of Health Research and Quality (AHRQ) has published a brief description entitled "Evaluating Mental Health Mobile Applications" to allow healthcare professionals to choose the Mental Health mHealth App. With the new assignment, AHRQ aims to help providers, patients, and payers choose mobile mental health applications and find the best solution based on various features. According to AHRQ, choosing an app is often a hassle and requires a streamlined approach.
In June 2022
HelpAge India has announced the launch of three Mobile Healthcare Units (MHUs) in Telangana and West Uttar Pradesh with the support of the Mindtree Foundation, the CSR division of global technology consultancy and services company Mindtree. MHU has doctors, pharmacists, and social workers to provide medical services to the poor elderly in the immediate vicinity. The new MHU fleet will serve 30 new locations, with a total of more than 2000 locations served in 22 states.
The global mhealth market report discusses the impact of the pandemic on the market operations and depicts the dynamics like growth drivers and restraints on the way. The report considers the viewpoint of the industry experts and market leaders to procure the market insights that help in portraying a clear picture of the market for the forecast period ending in 2030. The report aims to help the investors and experts make better decisions and hence, the report discusses the market segmentation and their potential to meet the demand in the global regions they are currently functional in. Through the report, the aim is to study the competition prevailing in the market and for the same, the growth strategies by the market players are analyzed and the recent developments of the market for a global presence are also discussed.
|Market Size||USD 123.6 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Therapeutics, Applications, End user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Agamatrix, INC, Alivecor, INC, Apple, INC, Athenahealth INC, AT&T, INC, Biotelemetry INC. (CARDIONET), GE Healthcare, Google INC, Jawbone INC, Johnson & Johnson, Laboratory Corporation of America Holdings, Philips Healthcare and others.|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Mobile health or mHealth is the practice use of mobile devices for the purpose of health services, information, and data collection. mHealth has emerged as a booming field due to advancements in the use of information and communication technology (ICT), for health services and information.
The mHealth market is expected to reach USD 123.6 BN by 2030.
The mHealth market is expected to register a whopping CAGR over 11.3% throughout the assessment period.
Alivecor, INC, Agamatrix, INC, Apple, INC, AT&T, INC, Athenahealth INC, Biotelemetry INC. (CARDIONET), Google INC, GE Healthcare, Jawbone INC, Laboratory Corporation of America Holdings, Johnson & Johnson, and Philips Healthcare are some of the major players operating in the global mHealth market.
North America holds the largest share in the mHealth market followed by Asia Pacific and Europe, respectively.
Implementation of smartphones and wearable devices into the healthcare industry.