IMARC Group has recently released a new research study titled “mHealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global mHealth market share, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 73.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 263.4 Billion by 2028, exhibiting a growth rate (CAGR) of 22.4% during 2023-2028.

mHealth or mobile health refers to the concept that enables individuals to capture their own health data using mobile technology, such as smartphones, tablets and other wireless devices. It helps improve health outcomes, healthcare services, and health research by providing personal digital assistance to patients. This reduces the health information gap as the system ensures data collection remotely and optimizes programs and policies.

What Are the Growth Prospects and Trends in the mHealth Industry?

The market is primarily driven by the growing penetration of smartphones and the internet. The growing mobile phone networks offering higher data transmission speed and cheaper and more powerful handsets transform the way health services and information are accessed, delivered, and managed. The increasing cases of chronic diseases like diabetes and hypertension are also positively influencing the market growth. Furthermore, governments of various nations are investing in mHealth to strengthen health systems and achieve health-related development goals. Moreover, several companies are developing mobile applications that assist patients in keeping track of their health. For instance, the introduction of the internet-based repository CURE ID, launched by the United States Food and Drug Administration (US FDA), offers the experience of treating infectious diseases through smartphones or websites.

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Competitive Landscape With Key Players:

The competitive landscape of the global mHealth market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Airstrip Technologies Inc.
• Allscripts Healthcare Solutions Inc.
• Apple Inc.
• Bayer Aktiengesellschaft
• Boston Scientific Corporation
• Koninklijke Philips N.V.
• Masimo Corporation
• Omron HealthCare Inc. (OMRON Corporation)
• Qualcomm Incorporated
• Samsung Electronics Co. Ltd.
• Sanofi S.A.

Key Market Segmentation:

The report has segmented the global mHealth market based on component, service, participants and region.

Breakup by Component:

• Wearables
  • Blood Pressure Monitors
  • Blood Glucometer
  • Pulse Oximeter
  • Neurological Monitors
  • Others
• mHealth Apps
  • Medical Apps
  • Fitness Apps

Breakup by Service:

• Monitoring Services
• Diagnosis Services
• Healthcare Systems Strengthening Services
• Treatment Services
• Others

Breakup by Participants:

• mHealth Application Companies
• Pharmaceuticals Companies
• Hospitals
• Health Insurance Companies
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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