mHealth Market by Category (Mobile Applications {Disease & Treatment Management [Healthcare Providers/Insurance, Medication Reminders, Women Health, Pregnancy, Disease Specific], Wellness Management [Fitness, Lifestyle, Stress], Others}, Wearables {Body & Temperature Monitors, Sleep Trackers, Fitness Trackers, Glucose Monitors, Others}), by Service Type (Monitoring Services, Fitness, Wellness Solutions, Other Services), by Service Provider (mHealth App Companies, Pharmaceutical Companies, Others), by North America (U.S., Canada) Forecast 2024-2032
The mHealth Market size was valued at USD 34.28 USD billion in 2023 and is projected to reach USD 131.69 USD billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. A market for mHealth (mobile health) solutions which utilize such mobile devices as smartphones and tablets for medical/public health applications. The mHealth app includes tracking chronic diseases, digital collection of medicine data, and remote healthcare provision. Applying mHealth usually implies using apps with such functionality as tracking health metrics, setting reminders for taking meds, and accessing telemedicine. These apps make processes more convenient and, together with doctors, create a better basis for communication. The mHealth market is big and grows as fast as the smartphone adoption and the healthcare that is convenient and available for everyone. With technology verily advancing, mHealth apps are expected to be a great enabler for bringing greater universal health coverage and better health outcomes to the globe.
Category:
By Apps
By Wearable
Services Type
Service Provider
D: Drivers: Rising prevalence of chronic diseases, growing demand for remote patient monitoring, government initiatives to promote digital health
R: Restraints: Data privacy and security concerns, limited reimbursement for mHealth services
O: Opportunities: Integration of advanced technologies, personalized and preventive healthcare
C: Challenges: Lack of interoperability between mHealth devices and systems
T: Trends: Integration of AI, ML, and IoT, virtual care and telemedicine
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
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