April 20, 2024

MHealth Market to Reach US$ 126.6 Bn by 2030

The global mHealth market size was valued at USD 49.7 billion in 2020, and is predicted to be worth around USD 126.6 billion by 2030, registering a CAGR of 10.0% during the forecast period 2022 to 2030.

MHealth

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MHealth Market Growth Factors

Increasing adoption of mHealth apps and technologies by physicians and patients and rise in penetration of internet and smartphone connectivity are among the major factors expected to drive the growth of the market. Besides, increasing government initiatives towards the digitalization of healthcare services are also anticipated to boost the adoption of mobile health platforms.

The rising focus on improving personal health and fitness using smart devices and wearables is the major factor accelerating market growth. Besides, increasing penetration of the internet and smartphones and growing adoption of mHealth technology and platforms by physicians and patients are also anticipated to propel market growth. Furthermore, rising penetration of digital health services for remote patient monitoring is also increasing the demand for mobile health apps, which in turn is expected to propel market growth over the forecast years.

Growing awareness among the individuals to use mobile health solutions and supportive government initiatives to introduce and promote remote digital healthcare are some of the factors expected to boost the market growth over the years. In addition, the increasing use of smartphones among the adult population and teenagers is also anticipated to drive the growth of the mHealth platforms and technologies in the upcoming years.

Report Coverage

Report Scope Details
Market Size US$ 126.6 billion by 2030
Growth Rate CAGR of 10.0% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Component, Services, Participants
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned AT&T; Samsung Electronics Co.; Allscripts Healthcare Solutions; Apple, Inc.; Orange; mQure; Qualcomm Technologies, Inc.; SoftServe; Google, Inc, Airstrip Technologies, Inc.; Telefonica S.A.; Vodafone Group

By Component Analysis

The mHealth apps segment dominated the market for mHealth and accounted for the largest revenue share of 75.4% in 2021. Increasing penetration of the internet and smartphones and growing adoption of mobile health apps by the healthcare professionals and the patient population are the factors responsible for the high market value of the segment.

The growing prevalence of chronic diseases, coupled with the high adoption of remote patient management technologies is anticipated to provide growth to the mHealth apps segment at the fastest rate over the forecast period.

By Services Analysis

The monitoring services segment dominated the market for mHealth and accounted for the highest revenue share of 61.9% in 2021. The growing incidence of infectious and chronic diseases coupled with rising demand for remote monitoring platforms in post-acute care are among the major factors that drive the growth of the segment.

The diagnosis services segment is anticipated to witness the fastest growth rate over the forecast years. The growing number of applications and platforms that are capable of diagnosis and increase in health consciousness are the major factors driving the segment.

By Participants Analysis

By participants, the mobile operators segment dominated the market for mHealth and accounted for the largest revenue share of 47.0% in 2021. An increase in the number of mobile subscribers and improvements in network infrastructure are major factors responsible for the highest share of the segment.

The content players segment is anticipated to witness the fastest growth rate during forecast years. The increasing trend of using smartphones, coupled with the rapid development of several healthcare mobile apps are the factors likely to boost the growth of this segment.

By Regional Analysis

North America dominated the market for mHealth and accounted for the largest revenue share of 38.2% in 2021 owing to several factors, which include growing healthcare expenditure, increasing incidences of chronic diseases, rising geriatric population, and highly developed network infrastructure.

The Asia Pacific region over the forecast period due to increasing smartphone penetration in the consumer market of the region. For instance, as per the data published by The Mobile Economy 2020, GSMA, unique mobile subscriptions are estimated to reach 3 billion by 2025 in the Asia Pacific region which was 2.8 billion in 2019.

Read also @ Medical Foods Market Size Hit US$ 32.5 billion by 2030

Major Key Players Covered in The MHealth Market Report include

  • AT&T
  • Telefonica S.A.
  • SoftServe
  • Google, Inc.
  • Airstrip Technologies, Inc.
  • Samsung Electronics Co. Ltd.
  • Allscripts Healthcare Solutions
  • Apple, Inc.
  • Orange
  • mQure
  • Qualcomm Technologies, Inc.
  • Vodafone Group

MHealth Market Segmentation

  • By Component
    • Wearables
      • BP Monitors
      • Glucose Meters
      • Pulse Oximeters
      • Sleep Apnea Monitors (PSG)
      • Neurological Monitors
      • Activity Trackers/ Actigraphs
    • mHealth Apps
      • Medical Apps
        • Women’s Health
        • Personal Health Record Apps
        • Medication Management Apps
        • Disease Management Apps
        • Diagnostic Apps
        • Remote Monitoring Apps
        • Others
      • Fitness Apps
        • Exercise & Fitness
        • Diet & Nutrition
        • Lifestyle & Stress
  • By Services
    • Monitoring Services
      • Independent Aging Solutions
      • Chronic Disease Management & Post-acute Care Services
    • Diagnosis Services
    • Healthcare Systems Strengthening Services
    • Others
  • By Participants
    • Mobile Operators
    • Device Vendors
    • Content Players
    • Healthcare Providers
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
    • Asia Pacific
      • Australia
      • China
      • Japan
      • South Korea
      • India
      • Singapore
    • Latin America
      • Mexico
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  MHealth Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  MHealth Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global MHealth Market, By Component

7.1.  MHealth Market, by Component, 2021-2030

7.1.1.    Wearables

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    mHealth Apps

7.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global MHealth Market, By Services

8.1.  MHealth Market, by Services, 2021-2030

8.1.1.    Monitoring Services

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Diagnosis Services

8.1.2.1.        Market Revenue and Forecast (2019-2030)

8.1.3.    Healthcare Systems Strengthening Services

8.1.3.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global MHealth Market, By Participants

9.1.  MHealth Market, by Participants, 2021-2030

9.1.1.    Mobile Operators

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Device Vendors

9.1.2.1.        Market Revenue and Forecast (2019-2030)

9.1.3.    Content Players

9.1.3.1.        Market Revenue and Forecast (2019-2030)

9.1.4.    Healthcare Providers

9.1.4.1.        Market Revenue and Forecast (2019-2030)

Chapter 10.      Global MHealth Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Component (2019-2030)

10.1.2.  Market Revenue and Forecast, by Services (2019-2030)

10.1.3.  Market Revenue and Forecast, by Participants (2019-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Component (2019-2030)

10.1.4.2.      Market Revenue and Forecast, by Services (2019-2030)

10.1.4.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Component (2019-2030)

10.1.5.2.      Market Revenue and Forecast, by Services (2019-2030)

10.1.5.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Component (2019-2030)

10.2.2.  Market Revenue and Forecast, by Services (2019-2030)

10.2.3.  Market Revenue and Forecast, by Participants (2019-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Component (2019-2030)

10.2.4.2.      Market Revenue and Forecast, by Services (2019-2030)

10.2.4.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Component (2019-2030)

10.2.5.2.      Market Revenue and Forecast, by Services (2019-2030)

10.2.5.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Component (2019-2030)

10.2.6.2.      Market Revenue and Forecast, by Services (2019-2030)

10.2.6.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Component (2019-2030)

10.2.7.2.      Market Revenue and Forecast, by Services (2019-2030)

10.2.7.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Component (2019-2030)

10.3.2.  Market Revenue and Forecast, by Services (2019-2030)

10.3.3.  Market Revenue and Forecast, by Participants (2019-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Component (2019-2030)

10.3.4.2.      Market Revenue and Forecast, by Services (2019-2030)

10.3.4.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Component (2019-2030)

10.3.5.2.      Market Revenue and Forecast, by Services (2019-2030)

10.3.5.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Component (2019-2030)

10.3.6.2.      Market Revenue and Forecast, by Services (2019-2030)

10.3.6.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Component (2019-2030)

10.3.7.2.      Market Revenue and Forecast, by Services (2019-2030)

10.3.7.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Component (2019-2030)

10.4.2.  Market Revenue and Forecast, by Services (2019-2030)

10.4.3.  Market Revenue and Forecast, by Participants (2019-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Component (2019-2030)

10.4.4.2.      Market Revenue and Forecast, by Services (2019-2030)

10.4.4.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Component (2019-2030)

10.4.5.2.      Market Revenue and Forecast, by Services (2019-2030)

10.4.5.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Component (2019-2030)

10.4.6.2.      Market Revenue and Forecast, by Services (2019-2030)

10.4.6.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Component (2019-2030)

10.4.7.2.      Market Revenue and Forecast, by Services (2019-2030)

10.4.7.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Component (2019-2030)

10.5.2.  Market Revenue and Forecast, by Services (2019-2030)

10.5.3.  Market Revenue and Forecast, by Participants (2019-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Component (2019-2030)

10.5.4.2.      Market Revenue and Forecast, by Services (2019-2030)

10.5.4.3.      Market Revenue and Forecast, by Participants (2019-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Component (2019-2030)

10.5.5.2.      Market Revenue and Forecast, by Services (2019-2030)

10.5.5.3.      Market Revenue and Forecast, by Participants (2019-2030)

Chapter 11.  Company Profiles

11.1.              AT&T

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Telefonica S.A.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              SoftServe

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Google, Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Airstrip Technologies, Inc.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Samsung Electronics Co. Ltd.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Allscripts Healthcare Solutions

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Apple, Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Orange

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           mQure

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

Glossary of Terms

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