The global mHealth market size is forecasted to reach from US$ 54.25 billion in 2021 to US$ 243.57 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 18.2% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The mHealth market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.
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The mHealth market gained rapid traction in 2020 amid the COVID-19 pandemic, which forced almost every industry on the globe to adopt digital technologies. The mHealth offers access to the healthcare services from the comfort of the home just at a press of a button. The ease and conveniences associated with the mHealth applications is significantly boosting the growth of the global mHealth market.
Moreover, the rising penetration of internet, growing number of smartphone users across the globe, rising prevalence of chronic diseases, and growing geriatric population is boosting the growth of the market. Furthermore, the advancements in the technologies such as wireless connectivity, AI, 4G and 5G, and the rising investments in the telecommunication infrastructure are the various crucial factors that augment the growth of the global mHealth market.
Scope of the mHealth Market
| Report Coverage | Details |
| Market Size in 2020 | USD 46.1 Billion |
| Growth Rate From 2021 to 2030 | CAGR of 18.2% |
| Largest Market | North America |
| Fastest Gowing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| By Application |
|
| By Participants |
|
Competitive Landscape Analysis:
Some of the leading companies operating in the mHealth market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.
Major companies operating in this report are
- Bayer Healthcare
- Boston Scientific Corporation
- Dexcom, Inc.
- Johnson & Johnson
- Koninklijke Philips N.V
- Masimo Corporation
- Medtronic plc
- Omron Corporation
- Samsung Group
- Sanofi
Market Dynamics
Driver
Rising adoption of internet and smartphones
The world is witnessing a rapid surge in the number of smartphone users and the internet users.. According to the GSMA State of Mobile Internet Connectivity Report 2020, approximately 50% of the global population had access to the mobile internet connectivity by the end of 2019. As per the ITU, majority of the inter users have access to the internet through their smartphones. Therefore, the rising adoption of the smartphones and improved access to the internet is the major driver of the global mHealth market.
Restraints
Lack of digital skills and literacy
Most of the people especially in the developing and the underdeveloped regions have access to the smartphones and internet. But the lack of literacy and lack of digital skills is a major factor that restricts the growth of the mHealth market.
Opportunities
Integration of the latest technologies with the mHealth
The growing adoption of latest technologies like artificial intelligence, data analytics, and 5G are expected to drive the mHealth market during the forecast period. The integration of such latest technologies with the mHealth can improve the patient care and is expected to provide lucrative growth opportunities to the market players in the foreseeable future.
Challenge
Lack of awareness regarding mHealth
There is a lack of awareness regarding the mHealth platforms especially in the rural areas of the underdeveloped markets. Moreover, the poor access to the basic healthcare facilities is further depriving the rural population from accessing the digital mHealth platforms.
Report Highlights
- Based on the component, the apps segment dominated the market in 2020. This is attributable to the surging popularity of various mHealth startups and their aggressive investments in the digital marketing through the social media platforms. Moreover, the easy consulting facilities provided by the mHealth platforms is fostering the demand for the mHealth solutions across the globe.
- Based on the services, the monitoring segment dominated the market in 2020. The rising geriatric population across the globe is fostering the need for remote patient monitoring services. Moreover, the old age people are susceptible to various diseases, which fuels the adoption of the mHealth platform for the monitoring services.
Regional Snapshot
North America accounted for around 38% of the market share and dominated the global mHealth market in 2020. The higher adoption rate of the digital technologies in the region along with the presence of numerous mHealth application has significant contributions in the development of the market. The rising geriatric population and increased prevalence of various chronic diseases is further fueling the adoption of the convenient mHealth solutions. The 24*7 availability of the physician consultation services and the remote patient monitoring services are the major drivers of the mHealth market in North America. The presence of educated and aware consumers in the region along with the favorable government policies regarding the use of virtual healthcare platforms are together augmenting the growth of the mHealth market in the region.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. This is mainly attributed to the presence of huge youth population who are highly influenced by the social media and other digital platforms. Moreover, rising penetration of smartphones and enhanced access to the internet owing to the developing IT infrastructure in the region is expected to drive the market growth exponentially in the foreseeable future. Moreover, rapidly growing geriatric population in the region is expected to fuel the adoption of the mHealth platforms in the upcoming future. According to the United Nations, the global geriatric population is expected to reach at 2 billion by 2050 and about 80% of the geriatric population will be living in the low and middle income countries.
Segments Covered in the Report
By Component
- 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
- Medical Apps
- Wearables
- BP Monitors
- Glucose Meters
- Pulse Oximeters
- Sleep Apnea Monitors (PSG)
- Neurological Monitors
- Activity Trackers/ Actigraphs
By Application
- Diagnosis
- Monitoring
- Treatment
By Participants
- Mobile Operators
- Device Vendors
- Content Players
- Healthcare Providers
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global mHealth market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for mHealth are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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TABLE OF CONTENT
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. 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. COVID 19 Impact on mHealth Market
5.1. COVID-19 Landscape: mHealth Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global mHealth Market, By Component
8.1. mHealth Market, by Component Type, 2021-2030
8.1.1. Apps (Medical Apps, Fitness Apps)
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Wearables (Glucose Meters, Pulse Oximeters, Sleep Apnea Monitors (PSG), Neurological Monitors, Activity Trackers/ Actigraphs)
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global mHealth Market, By Application
9.1. mHealth Market, by Application, 2021-2030
9.1.1. Diagnosis
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Monitoring
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Treatment
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global mHealth Market, By Participants
10.1. mHealth Market, by Participants, 2021-2030
10.1.1. Mobile Operators
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Device Vendors
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Content Players
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Healthcare Providers
10.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global mHealth Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by Participants (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Participants (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Participants (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by Participants (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Participants (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Participants (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Participants (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Participants (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by Participants (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Participants (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Participants (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Participants (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Participants (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by Participants (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Participants (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Participants (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Participants (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Participants (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by Participants (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Participants (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Participants (2019-2030)
Chapter 12. Company Profiles
12.1. Bayer Healthcare
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Boston Scientific Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Dexcom, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Johnson & Johnson
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Koninklijke Philips N.V
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Masimo Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Medtronic plc
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Omron Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Samsung Group
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Sanofi
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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