IMARC Group has recently released a new research study titled “mHealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global mHealth market share, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 73.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 263.4 Billion by 2028, exhibiting a growth rate (CAGR) of 22.4% during 2023-2028.
mHealth or mobile health refers to the concept that enables individuals to capture their own health data using mobile technology, such as smartphones, tablets and other wireless devices. It helps improve health outcomes, healthcare services, and health research by providing personal digital assistance to patients. This reduces the health information gap as the system ensures data collection remotely and optimizes programs and policies.
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What Are the Growth Prospects and Trends in the mHealth Industry?
The market is primarily driven by the growing penetration of smartphones and the internet. The growing mobile phone networks offering higher data transmission speed and cheaper and more powerful handsets transform the way health services and information are accessed, delivered, and managed. The increasing cases of chronic diseases like diabetes and hypertension are also positively influencing the market growth. Furthermore, governments of various nations are investing in mHealth to strengthen health systems and achieve health-related development goals. Moreover, several companies are developing mobile applications that assist patients in keeping track of their health. For instance, the introduction of the internet-based repository CURE ID, launched by the United States Food and Drug Administration (US FDA), offers the experience of treating infectious diseases through smartphones or websites.
Competitive Landscape With Key Players:
The competitive landscape of the mHealth market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Airstrip Technologies Inc.
Allscripts Healthcare Solutions Inc.
Apple Inc.
Bayer Aktiengesellschaft
Boston Scientific Corporation
Koninklijke Philips N.V.
Masimo Corporation
Omron HealthCare Inc. (OMRON Corporation)
Qualcomm Incorporated
Samsung Electronics Co. Ltd.
Sanofi S.A.
Key Market Segmentation:
The report has segmented the global mHealth market based on component, service, participants and region.
Breakup by Component:
Wearables
Blood Pressure Monitors
Blood Glucometer
Pulse Oximeter
Neurological Monitors
Others
mHealth Apps
Medical Apps
Fitness Apps
Breakup by Service:
Monitoring Services
Diagnosis Services
Healthcare Systems Strengthening Services
Treatment Services
Others
Breakup by Participants:
mHealth Application Companies
Pharmaceuticals Companies
Hospitals
Health Insurance Companies
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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