Mobile Health (mHealth) Market Outlook 2024-2033: Trends and Projections
Mobile Health (mHealth) Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Mobile Health (mHealth) Market Analysis 2024: Size Forecast and Growth Prospects
Mobile Health (mHealth) Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Mobile Health (mHealth) Market Overview 2024: Size, Growth Rate, and Segments
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The mobile health (mhealth) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mobile Health (mHealth) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The mobile health (mHealth) market size has grown rapidly in recent years. It will grow from $72.69 billion in 2023 to $84.99 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to the rising adoption of smartphones, high growth of mHealth solutions, increasing incidence of chronic diseases, increasing demand for remote monitoring and management solutions, and rising promotion of digital health and telemedicine.
The mobile health (mHealth) market size is expected to see rapid growth in the next few years. It will grow to $159.66 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to increasing preference for at-home care solutions, incorporation of AI and machine, 5G technology will enable faster and more reliable connections, growing awareness of health and wellness is leading, increased usage of fitness apps and wearable devices. Major trends in the forecast period include increase in mergers and acquisitions, trend towards more personalized mHealth applications, increasingly integrate with electronic health records (EHR), expected to be a growing emphasis on mHealth applications, demand for mental health services.
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Scope Of Mobile Health (mHealth) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mobile Health (mHealth) Market Overview
Market Drivers –
The rising prevalence of chronic diseases will propel the growth of the mobile health (mHealth) market going forward. Chronic diseases refer to health conditions that are persistent or long-lasting, typically lasting for a year or more, and often require ongoing medical attention or limit daily activities. The increase in chronic diseases is largely due to aging populations, with longer lifespans leading to more long-term health conditions. Mobile health aids in managing chronic diseases by offering tools for health monitoring, improving communication with doctors, and supporting treatment adherence. For instance, in June 2024, according to the National Health Service, a UK-based publicly funded healthcare system in England, there were 3,615,330 people registered with a GP who were found to have non-diabetic hyperglycemia—also known as pre-diabetes—in 2023, compared to 3,065,825 in 2022—an increase of almost a fifth (18%). Therefore, the rising prevalence of chronic diseases is driving growth in the mobile health (mHealth) market.
Market Trends –
Major companies operating in the mobile health (mHealth) market are developing whole-person care digital apps to provide comprehensive and personalized healthcare solutions. A whole-person care digital app is a healthcare tool that offers comprehensive care by integrating physical, mental, and emotional health services into one platform. For instance, in January 2023, Teladoc Health, a US-based healthcare company, launched a fully integrated digital health app. It provides a fully integrated healthcare experience and enables users to access primary care, mental health services, and chronic condition management through a single account. It is available in both Spanish and English and features easy navigation, integrated physician care plans, and coordination with in-person providers to ensure comprehensive care.
The mobile health (mhealth) market covered in this report is segmented –
1) By Type: Mobile Health (mHealth) Devices, Mobile Health (mHealth) Services
2) By Application: Cardiovascular, Diabetes, Respiratory, Neurology, Other Applications
3) By End-Use: Patients, Providers, Payers, Other End Users
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Regional Insights –
North America was the largest region in the mobile health (mHealth) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile health (mHealth) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mobile health (mHealth) market are Apple Inc., Samsung Group, Huawei Technologies Co. Ltd., Oracle Corporation, Abbott Laboratories, Xiaomi Corporation, Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies, Omron Corporation, Garmin Ltd., Hill-Rom Holdings Inc., Dexcom Inc., Masimo Corporation, Nihon Kohden Corporation, Polar Electro Oy, Verily Life Sciences LLC, Withings S.A.S., Empatica Inc., TempTraq, LifeSense Group B.V.
Table of Contents
1. Executive Summary
2. Mobile Health (mHealth) Market Report Structure
3. Mobile Health (mHealth) Market Trends And Strategies
4. Mobile Health (mHealth) Market – Macro Economic Scenario
5. Mobile Health (mHealth) Market Size And Growth
…..
27. Mobile Health (mHealth) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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