Enjoy complimentary customisation on priority with our Enterprise License!
The global mHealth solutions market is projected to reach a value of USD 256.69 billion with an accelerating CAGR of 27.09%. It includes various digital health tools such as mobile apps, wearable devices, and remote patient monitoring systems. The global mHealth solutions market is expected to grow exponentially in the coming years, driven by the increasing adoption of smartphones and advancements in healthcare technology. MHealth solutions help individuals track their health, manage chronic conditions, and access healthcare services remotely. Some of the major players include Apple, Google, Samsung, and Fitbit.
To learn more about this market growth analysis report, Download Report Sample
For more details on other segments, Download Sample Report
The providers segment showed a gradual increase in the market share of USD 14.29 billion in 2017 and continued to grow by 2021. Mobile applications and platforms allow access to real-time information to improve decision-making, facilitate care coordination, and support improved patient outcomes. These solutions also enable healthcare providers to take advantage of telemedicine and remote patient monitoring capabilities.
Moreover, these markets assist in optimizing operational efficiency which enables healthcare providers to identify high-risk patients, monitor population health trends, and implement targeted interventions to improve health outcomes. This industry has seen a significant uptick in strategic acquisitions, demonstrating the market's dynamism and quest for innovation. Hence, such wide benefits of these solutions in healthcare are expected to grow the market during the forecast period.
The mobile health market, also known as the mHealth solutions industry, encompasses the market for mobile health technologies and applications. This sector is experiencing a notable surge in innovation and technological advancements, especially in wearable devices and mobile technology. These devices provide unprecedented convenience by seamlessly integrating state-of-the-art technologies into healthcare delivery systems, revolutionizing the monitoring and management of diseases. Over 70% of healthcare professionals globally are integrating mHealth solutions into their practices. By 2023, it is anticipated that around 80% of smartphone users will have at least one mHealth app on their devices, indicating the widespread adoption and growing significance of mobile health technologies in the medical services sector.
Increasing smartphone penetration globally is a key factor boosting the market growth. Rising smartphone adoption is a key driver for the global market. One of the key driving forces in this sector is the emphasis on innovation. Companies are continually exploring new avenues to enhance efficiency, convenience, and integration of services. Widespread smartphone ownership and affordability have made m-health applications accessible to a broad range of users, including remote and underserved areas. The market is witnessing a remarkable surge in market revenue due to the increasing adoption of these solutions. Telehealth services using such solutions have seen an increase in usage over the past year.
The industry's focus on leveraging these technologies to improve healthcare accessibility and efficiency has been instrumental in these developments. The rising demand for digital healthcare and the convergence of various health services into the mobile space signifies a significant shift towards comprehensive health technologies. Currently, there are over 6.5 billion smartphones in use globally, with this number expected to grow.
Mobile health apps, available on popular app stores, have further spurred smartphone adoption for health management. Smartphones offer a user-friendly interface, catering to individuals of all ages and technical backgrounds. Their ease of use encourages people to incorporate such solutions into their daily routines. This increased smartphone adoption also opens up opportunities for healthcare providers and tech developers to reach a wider audience and provide remote patient healthcare services. These trends are expected to drive market growth in the forecast period.
Furthermore, the trends in market forecasting highlight a growing awareness and adoption of these technologies, contributing significantly to the evolution of healthcare. These advancements play a crucial role in providing personalized and easily accessible solutions to address various medical needs.
The market is poised for further expansion, offering boundless opportunities for enhancing physician-patient interactions, improving health outcomes, and reshaping the landscape of modern healthcare delivery. The future of the m-health solution market appears promising, driven by continuous innovation and the growing demand for advanced healthcare delivery systems in the digital age. These innovations have revolutionized how healthcare is accessed and managed, offering unparalleled convenience and integration for both physicians and patients.
North America is estimated to contribute 45% to the growth of the global market during the forecast period. The North American mobile health solutions market is a dynamic sector, driven by advanced healthcare infrastructure, widespread smartphone adoption, and a growing emphasis on digital health technologies. The prevalence of mHealth solutions in North America showcases a significant and dynamic sector driven by advanced healthcare infrastructure and widespread smartphone adoption. With 85% of Americans owning smartphones as of February 2021, mobile health applications and solutions are thriving. The adoption rate for remote patient monitoring through these solutions has surpassed 85% in developed countries. These solutions allow for convenient access to healthcare information, real-time monitoring, and interaction with healthcare providers. North America's robust healthcare systems actively embrace these solutions, enhancing patient care and operational efficiency. Government initiatives, such as Medicare Advantage's inclusion of telehealth, further fuel the demand for digital health. These efforts extend healthcare services, particularly benefiting the geriatric population, and fostering market growth.
Market Size, By Region, Global, 2017-2027
To understand geographic market trends and analysis Download Report Sample
This market is fragmented in nature. Some significant players include Abbott Laboratories, AirStrip Technologies Inc., Apple Inc., Athenahealth Inc., Boston Scientific Corp., and Cisco Systems Inc. Companies like Cerner Corporation are at the forefront of this revolution, creating comprehensive m-health solutions that enhance disease awareness and facilitate seamless integration into mHealth services that prioritize convenience and seamless integration into existing healthcare systems.
This market research and growth industry report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Dexcom Inc., Johnson and Johnson Services Inc., Koninklijke Philips NV, Medtronic Plc, Mobile Wellness Solutions MWS Ltd., Omada Health Inc., OMRON Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Veradigm LLC, Fitbit LLC, Nokia Corp., and WaveForm Technologies Inc.
The mHealth Market is rapidly expanding, driven by the proliferation of Digital Health Services and Mobile Health Apps. With the widespread adoption of Smartphones, both the adult population and teenagers are accessing remote patient monitoring and other health-related services. Government initiatives and collaborations with entities like the National Institute of Health and the National Cancer Institute further propel market growth. Telecom giants like AT&T are investing in Smart Meter and IoT Devices to enhance patient engagement and address chronic diseases. However, data security concerns and cybersecurity threats remain significant challenges. Market players are leveraging mHealth Apps and remote patient management technologies to cater to diverse healthcare needs while ensuring data privacy and security. This market is experiencing significant growth, especially in regions like Asia Pacific, Italy, Spain and Japan, where there's a growing presence of digital health initiatives. With a rising fitness trend and increasing adoption of tablets and mobile health technologies, there's a surge in mobile health technology usage.
However, concerns over cyber security threats persist, highlighting the need for robust security measures. The GSM Association plays a vital role in shaping the mobile economy and fostering digital health investment deals. Various participants, including mobile operators and content players, are exploring partnerships and business opportunities to enhance medical services availability. Monitoring services and diagnosis services are key segments driving growth, along with the proliferation of mHealth apps and pulse oximeters. In the rapidly evolving landscape of the market, businesses are focusing on delivering personalized experiences to customers. They offer a wide range of items and services, catering to various needs and preferences. For example, some companies leverage social media platforms like Instagram and YouTube to showcase their offerings and engage with their audience. They also organize events and share news updates to keep customers informed. With the convenience of online ordering, users can easily place orders from anywhere, anytime, using their accounts. This seamless process enhances the overall customer experience and reinforces the market's growth trajectory.
This market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2021.
Mobile Health Solutions Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 27.09% |
Market growth 2023-2027 |
USD 256.69 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
25.99 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 45% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbott Laboratories, AirStrip Technologies Inc., Apple Inc., athenahealth Inc., Boston Scientific Corp., Cisco Systems Inc., Dexcom Inc., Johnson and Johnson Services Inc., Koninklijke Philips NV, Medtronic Plc, Mobile Wellness Solutions MWS Ltd., Omada Health Inc., OMRON Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Veradigm LLC, Fitbit LLC, Nokia Corp., and WaveForm Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.