Global mHealth Market By Component (Wearables, mHealth Apps) By Services (Monitoring Services, Diagnosis Services, and Others) By Participants (Mobile Operators, Device Vendors, Content Players, and Healthcare Providers), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

mHealth Market Overview:

The global mHealth market is estimated to be worth USD 50,890 million in 2021. This number will increase at a compound annual growth rate of 11.8% between 2023-2032.

Market growth has been driven by the increasing focus on personal fitness and health using smart devices. Market growth will also be driven by increasing internet penetration and smartphone use, as well as the adoption of mHealth technology by both patients and doctors. The market is also expected to grow due to the growing use of mobile health services that allow remote monitoring of patients.

Global MHealth Market Scope:

Component Analysis

The mHealth Apps segment dominated eHealth’s market and accounted for 75.4% of the largest revenue share in 2021. The high market value of this segment can be attributed to the increasing penetration of the internet and smartphones, and the growing adoption of mobile healthcare apps by healthcare professionals as well as patients.

The increasing awareness about mobile health apps for remote patient monitoring and patient tracking, medication management as well as personal health record management and fitness, has also contributed to the segment’s high market value. Over the next years, the segment will also see significant growth.

Additionally, the rapidly growing prevalence of chronic illnesses and the widespread adoption of remote management technologies are expected to drive mHealth apps growth at the fastest rate during the forecast period.

Segment growth will be driven by increasing suggestions by doctor/healthcare professionals to utilize mobile health apps to improve clinical results and better patient involvement. Fitness apps are expected to see a significant CAGR in mHealth app segments during the forecast period.

Services Analysis

In 2021, the market leader in mHealth was the monitoring services segment. It accounted for the highest revenue share at 61.9%. The segment has seen significant growth due to rising rates of chronic and infectious diseases as well as increased demand for remote monitoring platforms in post-acute care.

China’s growing population is facing a number of chronic diseases. These chronic diseases require continuous monitoring which is driving the demand in the country for monitoring services. The market’s leading players are expected to increase their investments in inpatient monitoring over the next few years.

Additionally, the segment of diagnosis services is expected to grow at the fastest rate in the coming years. The segment is being driven by a growing number and quality of apps and platforms that can diagnose, and an increase in awareness about health.

The demand for effective healthcare administration and workflow efficiency will drive the growth of mobile health services. This segment is expected to grow due to the increased use of smartphones and wearables in point-of-care diagnostics for chronic and infectious diseases in low-resource settings.

Participants Analysis

Participants found that the mobile operator segment dominated the market in mHealth, accounting for 47.0% revenue share in 2021. This segment is driven by a significant increase in mobile subscribers and improvements to network infrastructure. The segment will be driven in the future by rising 3G- and 4G technology, as well as industry consolidation activities led by the largest players.

The content players segment is predicted to grow at the fastest rate in the future. This segment will likely grow because of the rising use of smartphones as well as the rapid development and availability of numerous healthcare mobile apps.

Over the next few years, this segment will see significant growth due to direct involvement by content players in the development and maintenance of medical technology and applications, as well as documentation handling, remote patient monitoring and tracking of health activities, and appointment scheduling.

Key Market Segments:

By Component

Wearables

• BP Monitors
• Glucose Meters
• Pulse Oximeters
• Sleep Apnea Monitors (PSG)
• Neurological Monitors
• Activity Trackers/ Actigraphs

mHealth 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

By Services

• Monitoring Services
  • Independent Aging Solutions
  • Chronic Disease Management & Post-acute Care Services
• Diagnosis ServicesHealthcare Systems
• Strengthening Services
• Others

By Participants

• Mobile Operators
• Device Vendors
• Content Players
• Healthcare Providers

Market Dynamics:

Market growth is expected to be boosted by increasing awareness of mobile health solutions, and supportive government initiatives to promote remote digital healthcare. The future growth of mHealth platforms will also be driven by increasing smartphone use among teenagers and adults.

Market growth for mHealth will also be driven by the shift away from traditional healthcare approaches to patient-centric and preventive methods. The market’s growth is expected to be driven by rising demand for mobile medical platforms as well as the positive attitude of healthcare professionals toward patient care.

In 2020 data from a digital health journal showed that 68% of respondents believed that remote access to electronic medical records (EMRs) is beneficial for a healthy life. 64% agreed that tracking medical treatment was a benefit, while 84% supported the accuracy and precision of the medical apps.

In the future, mHealth market growth is expected to be driven by positive government strategies and better collaboration between the manufacturers and healthcare institutions. Philips partnered with American Telemedicine Association (ATA), in 2020, to help increase the use and adoption of telehealth during the COVID19 pandemic.

Similarly, investments in digital health will be a key factor in the growth and expansion of the mHealth industry. According to Becker’s Healthcare report, there were 251 digital investment deals during the first three quarters of 2021.

Mobile health platforms gained popularity in the COVID 19 epidemic to improve health. Due to the widespread infection fear and the shutdown and lockdown scenarios around the world, the pandemic encouraged patients and healthcare providers alike to adopt digital health platforms. Moreover, the market for mHealth will continue to grow due to the rising adoption of mobile health technology as well as remote patient monitoring.

Privacy and data security concerns are other factors that will hinder the adoption mHealth technologies. Market growth is expected to be hindered by issues such as data accessibility, configuration changes, and leakage of sensitive information.

In 2019, for example, the American Medical Collection Agency leaked personal and medical data from approximately 24.4 million people. This agency collects bills from several companies. However, this level of restraint should decrease over the forecast period as the government enforces strict regulations on data privacy market players.

Regional Analysis

North America dominated mHealth markets and accounted for the largest revenue share with 38.2% in 2021. These factors include rising healthcare spending, increasing incidences, and chronic diseases, a growing geriatric population, and a well-developed network infrastructure.

Additionally, the rising popularity of mobile healthcare applications and favorable government initiatives are increasing the demand for mHealth in the region. A rising number of cardiovascular diseases is driving the demand for real-time monitoring. The availability mHealth apps that provide real-time information on cardiovascular health can prevent major problems and lower the risk of sudden cardiac arrest.

The region’s growing smartphone penetration has resulted in lucrative growth. According to The Mobile Economy 2020 data, GSMA, the number of unique mobile subscribers in the Asia Pacific is expected to surpass 3000 million in 2025, which was 2800 million in 2019.

Additionally, the market growth is expected to be driven by increasing government programs regarding the digitalization and modernization of healthcare systems in several emerging economies like India and China.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

There is a high demand for technology-advanced mobile health platforms and services, which has led to fierce competition among existing players. The future will see new opportunities for entry as healthcare applications become more popular and are being adopted by more people. They are expected to gain more market share due to increasing industry consolidation, such as mergers and acquisitions by market leaders, as well as key players’ growing R&D initiatives for mobile health apps.

Allscripts, for instance, formed strategic partnerships in 2020 with Sheba Medical Center to improve patient treatment and accelerate the development of AI-based technologies. The prominent players in the mHealth industry include:

Маrkеt Кеу Рlауеrѕ:

• AT&T
• Telefonica S.A.
• SoftServe
• Google, Inc.
• Airstrip Technologies Inc.
• Samsung Electronics Co Ltd.
• Allscripts Healthcare Solutions
• Apple Inc.
• Other Key Players

For the mHealth Market research study, the following years have been considered to estimate the market size: