The Global mHealth Solutions Market Size is valued at 97.12 billion in 2022 and is predicted to reach 752.5 billion by the year 2031 at a 25.7% CAGR during the forecast period for 2023-2031.
mHealth is a broad subset of eHealth that handles patient data gathering. Wireless electronic gadgets, including mobile phones, wearable tech, and other mHealth tech, are used to collect this patient-related data. Furthermore, the gathered patient data is kept on a distant cloud via a mHealth application. Consultants and doctors are now more frequently using mHealth platforms to connect with their patients. With the simple push of a button, patients may quickly consult their doctors from the convenience of their homes.
The development of the health sector is supported by supportive government legislation addressing the adoption of telehealth. The mHealth market growth is expanding significantly due to rising internet awareness and the decreasing cost of smartphones.
Additionally, the expansion of the global telecommunications and IT infrastructure is positively impacted by the rising investments in these sectors. A lack of standards and rules will hamper the market expansion, and the difficulties with market growth will be exacerbated by resistance from traditional healthcare providers.
Recent Developments:
- In August 2022-The unique Kaiser Permanente Care & Connect initiative, started by Kaiser Permanente of the Northwest and Medical Teams International, will deliver mobile healthcare services to underserved areas throughout the Pacific Northwest.
- In June 2022: As part of its ambitious regional development goal, Orange Health began offering diagnostic services in New Delhi, India. With this introduction, clients in the NCR region can access various diagnostic services in the comfort of their homes in only 60 minutes, with results available in six hours.
Competitive Landscape:
Some of the mHealth solutions market players are:
- Abbott (US
- AgaMatrix
- AirStrip
- Airstrip Technologies, Inc.
- AliveCor Inc.
- Allscripts Healthcare Solutions
- Apple, Inc.
- AT&T Intellectual Property (U.S.)
- athenahealth, Inc. (U.S.)
- Bayer Pharmaceuticals
- BioTelemetry Inc.
- Cerner Corporation
- Cisco Systems, Inc. (U.S.)
- Google, Inc.
- iHealth Labs, Inc. (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- LifeWatch Services Inc.
- Medtronic
- mQure
- Nike, Inc. (U.S.)
- Nokia (Finland)
- Omron Healthcare Inc.
- Orange Health Labs
- Philips Company (U.S.)
- Qualcomm Technologies, Inc.
- Samsung Electronics Co. Ltd.
- SoftServe
- Telefonica S.A.
- Vodafone Group
- Withings (France),
- ZTE Corporation (China)
Market Segmentation:
The mHealth solutions market is segmented based on products, Services and end users. Based on product segment includes mHealth Apps and connected medical devices. The services segment comprises Remote monitoring services, Diagnosis & Consultation services, Treatment services, Healthcare system strengthening services, Fitness & wellness services, and Prevention services. End users segment includes healthcare providers, healthcare payers, patients and other end users.
Based On Product, The mHealth Apps Segment Is A Major Contributor To The mHealth Solutions Market
The mHealth Apps category is expected to hold a major share of the global mHealth solutions market in 2021. This results from aggressive marketing through digital media and the rising number of mHealth firms. Social media was essential in raising awareness of mHealth apps, accelerating uptake over the past few years. The expansion of this market is anticipated to pick up steam in the years to come due to increasing internet usage and a rise in smartphone users. Additionally, mHealth apps may positively influence treatment and health outcomes. The mHealth can aid in managing and storing patient care and health-related information.
The Healthcare Payer Segment Witnessed Growth At A Rapid Rate
The healthcare payer segment is projected to grow rapidly in the global mHealth solutions market. Software that helps health insurers and other healthcare providers with financial management is known as a healthcare payer solution. Accounting, claims management, customer service, and other aspects of financial operations might be included.
Healthcare payer solutions are crucial because they help these companies manage their finances and ensure patients are billed accurately. Due to the rising number of healthcare payer service providers and the growing need to save costs, the market for healthcare payer solutions is anticipated to expand during the forecast period. Compared to internal payer services, outsourcing healthcare payer services is less expensive. The total number of clients is expanding due to technological developments, a rise in the use of analytics in healthcare, and a rise in the number of people choosing health insurance. the medical
The North America mHealth Solutions Market Holds A Significant Regional Revenue Share
The North American mHealth solutions market is expected to register the highest market share in revenue shortly. Rising healthcare costs, the prevalence of chronic diseases, and well-developed network infrastructure is primarily driving the regional market expansion. The need for mHealth services in the area is also fueled by encouraging government initiatives and an increase in mobile healthcare apps. Additionally, the rising incidence of cardiovascular diseases in the region drives the need for real-time monitoring. The accessibility of mobile health applications that can provide real-time data on cardiovascular health can aid in preventing serious health issues and reducing the fatality rate from sudden cardiac arrest.
In addition, the Asia Pacific region is projected to grow rapidly in the global mHealth solutions market. The market in the region is projected to grow as awareness of patient-centred health outcomes of mHealth increases. The market in these regions is anticipated to be driven by the rapid expansion in mHealth technology adoption to increase access to high-quality, affordable healthcare services. Additionally, the increased demand for mHealth for mother and childcare, particularly in areas with limited access to key health services, is projected to present Asia Pacific businesses with sizable economic prospects.
mHealth Solutions Market Report Scope:
|
Report Attribute |
Specifications |
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Market size value in 2022 |
USD 97.12 Bn |
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Revenue forecast in 2031 |
USD 752.5 Bn |
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Growth rate CAGR |
CAGR of 25.77 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Products, Services And End Users |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Koninklijke Philips N.V. (Netherlands), Abbott (US), Medtronic (Ireland), Johnson & Johnson Private Limited (US), Apple, Inc. (US), AirStrip Technologies Inc. (US), AliveCor India (US), Nike, Inc. (US), Omron Corporation (Japan), BioTelemetry, a Philips Company (US), athenahealth, Inc. (US), AgaMatrix (US), Withings (France), iHealth Labs, Inc. (US), Cerner Corporation (US), ZTE Corporation (China), Nokia (Finland), Cisco Systems, Inc. (US), AT&T Intellectual Property (US), Qualcomm Technologies, Inc. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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