Market Overview In 2022, the global market size for mHealth apps reached USD 43.70 billion, experiencing a rapid revenue Compound Annual Growth Rate (CAGR) of 11.4% throughout the forecast period. The growth is attributed to the increasing use of smartphones and a rising demand for mHealth apps. Mobile health, or mHealth, involves the use of mobile devices and wireless technology in healthcare. A significant application of mHealth is the use of mobile devices to provide information about preventative healthcare services. Additionally, mHealth is employed in managing chronic diseases, tracking epidemic outbreaks, aiding in treatment, and disease surveillance. Its popularity is particularly evident in developing regions with high populations and widespread mobile phone usage.
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Furthermore, charity organizations like the mHealth Alliance are advocating for the broader adoption of mobile health in underdeveloped countries, contributing to market revenue growth. The accessibility offered by mHealth apps is a key advantage, allowing users to continuously monitor and manage specific health data using wearable technology and other mobile devices without requiring frequent visits to healthcare providers. For instance, DocGo, a leading provider of last-mile mobile health services, launched its first app on November 1, 2022, offering real-time administration and various mobile healthcare solutions.
These apps also encompass activities such as instructing, mentoring, and counseling people to promote healthy families and children, including the provision of training manuals and informational materials. They facilitate communication between patients and healthcare professionals, enabling the exchange of information about patients and notifying healthcare providers about appointments.
Market Trends and Dynamics Market trends in mHealth apps include pharmaceutical supply chain integrity, health promotion, community mobilization, health extension services, and pharmaceutical supply chain integrity. Government regulations and increasing investments in various countries are expected to drive market revenue growth. For instance, the Health Insurance Portability and Accountability Act (HIPAA) regulations in the United States protect individually identifiable health information.
Market Segmentation The mHealth apps market is segmented based on app type, connected medical devices, end-use, platform, and region.
- App Type Segment:
- Disease and Treatment Management
- Wellness and Fitness Management
- Personal Health Record Apps
- Diagnostic Apps
- Remote Monitoring Apps
- Other Apps
- Connected Medical Devices Segment:
- Wearable Fitness Sensor Device
- Heart Rate Meters
- Blood Pressure Monitors
- Pulse Oximeters
- Glucose Meters
- Sleep Apnea Monitors
- Neurological Monitors
- Actigraphs or Activity Trackers
- Other Devices
- End-Use Segment:
- Healthcare Providers
- Patients
- Insurance Companies
- Pharmacy
- Biopharmaceutical Companies
- Government
- Tech Companies
- Platform Segment:
- Google Play Store
- Apple App Store
- Other App Stores
Regional Analysis
- North America: The largest revenue share in 2022, driven by the increasing use of lifestyle and disease preventive management apps, significant investments in the healthcare sector, and strategic initiatives by major companies.
- Asia Pacific: Expected to register the fastest revenue growth rate, attributed to the presence of major market companies and key product launches.
- Europe: Anticipated to have a considerably large revenue share due to rising smartphone usage, an increasing elderly population, and the adoption of advanced technologies.
Competitive Landscape The global mHealth apps market is consolidated, with a few key players operating on both global and regional levels. Major players include AstraZeneca, Abbott, Bristol-Myers Squibb Company, Apple Inc., Sanofi, Johnson and Johnson Private Limited, GSK plc., Novartis AG, Samsung Electronics Co., Ltd., and F. Hoffman-La Roche Ltd. These players are engaged in product development and strategic alliances to expand their product portfolios and gain a strong foothold in the market.
Recent Developments
- On June 30, 2022, Orange Health expanded its services in New Delhi, offering diagnostic services with a quick turnaround time.
- On January 14, 2021, Abbott released NeuroSphere™ myPath™, a digital health app focused on measuring and reporting patient perceptions related to pain reduction and overall well-being.
The mHealth apps market is poised for significant growth, driven by technological advancements, increasing smartphone usage, and the demand for efficient healthcare solutions. However, challenges such as the reliability of app information and concerns about privacy and cybersecurity need to be addressed for sustained market growth.
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