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Mhealth Market by Component, by End-user, and by Region

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    Report

  • 200 Pages
  • October 2024
  • Region: Global
  • Erevna Healthcare
  • ID: 6008307
The global mHealth market accounted for USD 62.76 billion in 2023 and is expected to reach at USD 268.58 billion by 2034 with a CAGR of 14.13% during the forecast period 2024-2034. The market will grow as a result of growing smartphone penetration, wearable technology advancements, telemedicine, and remote patient monitoring, government initiatives and support, and integration with healthcare systems.

Fitness trackers, smartwatches, and health monitoring gadgets are examples of wearable technology that has grown in popularity. Numerous health metrics, such as heart rate, activity level, sleep patterns, and more, can be monitored by these devices. Preventive healthcare is facilitated by the integration of cell phones and wearable technologies, which permits ongoing condition monitoring and management. For instance, Cedars-Sinai just released the Cedars-Sinai Connect app, a mobile health app that uses artificial intelligence to offer virtual care solutions for various clinical issues, in October 2023.

By component, the mHealth apps segment accounted for the highest revenue-grossing segment in the global mHealth market in 2023 owing to the rapid adoption of smartphones, increasing demand for remote healthcare services, and the availability of a wide range of health and wellness applications catering to various medical needs and lifestyle preferences. For instance, Medtronic plc announced in May 2020 that the FDA in the United States has approved the Android version of its Guardian Connect continuous glucose monitoring (CGM) device. Additionally, the mHealth services segment is predicted to grow at the fastest CAGR during the forecast period owing to the expanding adoption of telemedicine, remote patient monitoring solutions, and government initiatives supporting digital health infrastructure development.

By end-user, the patient segment accounted for the highest revenue-grossing segment in the global mHealth market in 2023 owing to the increasing prevalence of chronic diseases, rising demand for personalized healthcare solutions, and the growing trend of self-management and health monitoring among patients. For instance, DexCom, Inc. announced in April 2022 that the Dexcom G7 Continuous Glucose Monitoring (CGM) System is now available for individuals with diabetes in the UK, Ireland, Germany, Austria, and Hong Kong who are two years of age or older. Additionally, the providers segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing adoption of telemedicine platforms, remote patient monitoring solutions, and the integration of digital health technologies into healthcare systems to enhance efficiency and patient care delivery.

North American region is anticipated to have the highest revenue share during the forecast period owing to the robust infrastructure for digital health, favorable government policies supporting mHealth initiatives, and high healthcare expenditure in the region. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing smartphone penetration, rising awareness of digital health solutions, and efforts to improve healthcare access in emerging economies. For instance, the Mini badge was introduced in March 2022 by Vocera Communications, a division of Stryker. Hands-free communication is made possible by this small, lightweight, voice-activated wearable gadget that interfaces with healthcare institutions' operational and clinical operations.

This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.

Report Scope:

  • Base Year: 2023
  • Forecast Period: 2024-2034
  • Study Coverage
  • Market Forecast by Component, and End-User
  • Market Forecast for 5 Regions and 17+ Countries
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
  • Exhaustive Company Profiles of the Top 10+ Major Market Players
  • 20% Free Customization Available to Meet Your Exact Requirement

Segmentation: MHealth Market Report 2023 - 2034

MHealth Market Analysis & Forecast by Component 2023 - 2034 (Revenue USD Bn)

  • Wearables & Connected Medical Devices
  • Vital Sign Monitoring Devices
  • Sleep Monitoring Devices
  • Electrocardiographs Fetal and Obstetric Devices
  • Neuromonitoring Devices
  • mHealth Apps
  • Medical Apps
  • Fitness Apps
  • Services
  • Monitoring Services
  • Diagnosis Services
  • Healthcare Systems Strengthening Services
  • Others

MHealth Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)

  • Patients
  • Providers
  • Payers
  • Others

MHealth Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
  • Middle East & Africa
  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Assumptions
1.4. Research Framework
2. Introduction
2.1. Market Definition
2.2. Global MHealth Market Overview
3. Executive Summary
4. Market Environment Analysis
4.1. Porter’s 5 Forces Analysis
4.2. PESTEL Analysis
4.3. SWOT Analysis
5. Market Dynamics
5.1. Drivers Analysis
5.2. Restraints Analysis
5.3. Opportunities Analysis
5.4. Threats Analysis
5.5. Trend Analysis
6. COVID-19 Impact Analysis
7. MHealth Market: Component Estimates & Trend Analysis
7.1. Component Segment Opportunity Analysis
7.2. Wearables & Connected Medical Devices
7.2.1. Wearables & Connected Medical Devices Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.1.1. Vital Sign Monitoring Devices
7.2.1.1.1. Vital Sign Monitoring Devices Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.1.2. Sleep Monitoring Devices
7.2.1.2.1. Sleep Monitoring Devices Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.1.3. Electrocardiographs Fetal and Obstetric Devices
7.2.1.3.1. Electrocardiographs Fetal and Obstetric Devices Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.1.4. Neuromonitoring Devices
7.2.1.4.1. Neuromonitoring Devices Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3. mHealth Apps
7.3.1. mHealth Apps Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3.1.1. Medical Apps
7.3.1.1.1. Medical Apps Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3.1.2. Fitness Apps
7.3.1.2.1. Fitness Apps Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4. Services
7.4.1. Services Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.1.1. Monitoring Services
7.4.1.1.1. Monitoring Services Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.1.2. Diagnosis Services
7.4.1.2.1. Diagnosis Services Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.1.3. Healthcare Systems Strengthening Services
7.4.1.3.1. Healthcare Systems Strengthening Services Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.1.4. Others
7.4.1.4.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8. MHealth Market: End-User Estimates & Trend Analysis
8.1. End-User Segment Opportunity Analysis
8.2. Patients
8.2.1. Patients Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.3. Providers
8.3.1. Providers Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.4. Payers
8.4.1. Payers Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.5. Others
8.5.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
9. Regional Market Analysis
9.1. Regional Market Opportunity Analysis
10. North America MHealth Market
10.1. North America MHealth Market
10.1.1. North America MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.1.2. North America MHealth Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
10.1.3. North America MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
10.1.4. North America MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
10.2. U.S. Global MHealth Market
10.2.1. U.S. MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.2.2. U.S. MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
10.2.3. U.S. MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
10.3. Canada Global MHealth Market
10.3.1. Canada MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.3.2. Canada MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
10.3.3. Canada MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11. Europe Global MHealth Market
11.1. Europe Global MHealth Market
11.1.1. Europe MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.1.2. Europe MHealth Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
11.1.3. Europe MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.1.4. Europe MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11.2. Germany Global MHealth Market
11.2.1. Germany MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.2.2. Germany MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.2.3. Germany MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11.3. UK Global MHealth Market
11.3.1. UK MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.3.2. UK MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.3.3. UK MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11.4. France Global MHealth Market
11.4.1. France MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.4.2. France MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.4.3. France MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11.5. Spain Global MHealth Market
11.5.1. Spain MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.5.2. Spain MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.5.3. Spain MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11.6. Italy Global MHealth Market
11.6.1. Italy MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.6.2. Italy MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.6.3. Italy MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
11.7. Rest of Europe Global MHealth Market
11.7.1. Rest of Europe MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.7.2. Rest of Europe MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
11.7.3. Rest of Europe MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12. Asia Pacific Global MHealth Market
12.1. Asia Pacific Global MHealth Market
12.1.1. Asia Pacific MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.1.2. Asia Pacific MHealth Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
12.1.3. Asia Pacific MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.1.4. Asia Pacific MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12.2. Japan Global MHealth Market
12.2.1. Japan MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.2.2. Japan MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.2.3. Japan MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12.3. China Global MHealth Market
12.3.1. China MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.3.2. China MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.3.3. China MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12.4. India Global MHealth Market
12.4.1. India MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.4.2. India MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.4.3. India MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12.5. South Korea Global MHealth Market
12.5.1. South Korea MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.5.2. South Korea MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.5.3. South Korea MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12.6. Australia Global MHealth Market
12.6.1. Australia MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.6.2. Australia MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.6.3. Australia MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
12.7. Rest of Asia Pacific Global MHealth Market
12.7.1. Rest of Asia Pacific MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.7.2. Rest of Asia Pacific MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
12.7.3. Rest of Asia Pacific MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
13. Latin America Global MHealth Market
13.1. Latin America Global MHealth Market
13.1.1. Latin America MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.1.2. Latin America MHealth Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
13.1.3. Latin America MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
13.1.4. Latin America MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
13.2. Brazil Global MHealth Market
13.2.1. Brazil MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.2.2. Brazil MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
13.2.3. Brazil MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
13.3. Mexico Global MHealth Market
13.3.1. Mexico MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.3.2. Mexico MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
13.3.3. Mexico MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
13.4. Argentina Global MHealth Market
13.4.1. Argentina MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.4.2. Argentina MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
13.4.3. Argentina MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
13.5. Rest of Latin America Global MHealth Market
13.5.1. Rest of Latin America MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.5.2. Rest of Latin America MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
13.5.3. Rest of Latin America MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
14. MEA Global MHealth Market
14.1. MEA Global MHealth Market
14.1.1. MEA MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.1.2. MEA MHealth Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
14.1.3. MEA MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
14.1.4. MEA MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
14.2. GCC Global MHealth Market
14.2.1. GCC MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.2.2. GCC MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
14.2.3. GCC MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
14.3. South Africa Global MHealth Market
14.3.1. South Africa MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.3.2. South Africa MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
14.3.3. South Africa MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
14.4. Rest of MEA Global MHealth Market
14.4.1. Rest of MEA MHealth Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.4.2. Rest of MEA MHealth Market Size and Forecast, By Component, 2023-2034 (Revenue USD Bn)
14.4.3. Rest of MEA MHealth Market Size and Forecast, By End-User, 2023-2034 (Revenue USD Bn)
15. Competitor Analysis
15.1. Company Market Share Analysis, 2023
15.2. Major Recent Developments
16. Company Profiles
16.1. Apple Inc.
16.2. Google LLC (including Google Health)
16.3. Samsung Electronics Co., Ltd. (including Samsung Health)
16.4. Fitbit, Inc. (now part of Google)
16.5. Garmin Ltd.
16.6. Huawei Technologies Co., Ltd.
16.7. Qualcomm Incorporated (including Qualcomm Life)
16.8. Teladoc Health, Inc.
16.9. Amwell (formerly American Well)
16.10. 23andMe, Inc.
16.11. Omada Health, Inc.
16.12. Livongo Health (now part of Teladoc Health)
16.13. Philips Healthcare
16.14. Medtronic plc
16.15. Dexcom, Inc.
17. Conclusion18. Recommendations

Companies Mentioned

  • Apple Inc.
  • Google LLC (including Google Health)
  • Samsung Electronics Co. Ltd. (including Samsung Health)
  • Fitbit Inc. (now part of Google)
  • Garmin Ltd.
  • Huawei Technologies Co. Ltd.
  • Qualcomm Incorporated (including Qualcomm Life)
  • Teladoc Health Inc.
  • Amwell (formerly American Well)
  • 23andMe Inc.
  • Omada Health Inc.
  • Livongo Health (now part of Teladoc Health)
  • Philips Healthcare
  • Medtronic plc
  • Dexcom Inc.

Table Information