According to Future Market Insights, the global mHealth solutions market is estimated to reach USD 1,27,865.0 million in 2023. By Securing a CAGR of 26.8%, the overall size of the market is predicted to reach USD 13,73,865.50 million by 2033.
| Report Attribute | Details |
|---|---|
| mHealth Solutions Market (2023) | USD 1,27,865.0 million |
| mHealth Solutions Market Anticipated Value (2033) | USD 13,73,865.50 million |
| mHealth Solutions Market Growth Rate (2023 to 2033) | 26.8% CAGR |
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There is a considerable increase in the use of mobile devices around the world due to digitization becoming a crucial trend followed globally. Moreover, the demand for mobile healthcare solutions is increasing the use of smartphones as well as other mobile devices. Demand for mHealth systems increased and captured an impressive CAGR of 24.6% between 2015 and 2021.
Patient data sharing and storing, quick access to healthcare-related information, and use for distant consultation are different applications of mHealth systems which increase the demand for these systems and consequently fuel the mHealth systems market growth.
Factors that are estimated to bolster the growth of the mHealth solutions market through 2033 include the presence of digital health infrastructure, rising prevalence of chronic diseases, introduction of novel and innovative technologies, increasing focus on patient-centric healthcare, growing use of connected devices, and increasing penetration of mobile devices.
| Year | Valuation |
|---|---|
| 2016 | USD 26,401.6 million |
| 2021 | USD 80,312.6 million |
| 2022 | USD 101,186.1 million |
| 2023 | USD 127,865.0 million |
| 2033 | USD 13,73,865.50 million |
FMI anticipates that the market valuation could reach USD USD 13,73,865.50 million by 2033.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 26.0% |
| H1,2022 Projected (P) | 25.8% |
| H1,2022 Outlook (O) | 26.5% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 70 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 45 ↑ |
According to FMI analysis, the variation between the BPS values observed in the mHealth solutions market in H1, 2022 (O) - Outlook over H1, 2022 (P) Projected reflects a spike of 70 units.
Increasing usage of digital healthcare services for the monitoring of remote patient monitoring, which in turn is likely to bolster the market expansion over the forthcoming years. Furthermore, compared to H1, 2021 (A), the market is expected to spike by 45 BPS in H1 -2022 (O).
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Among other regions, the North America market is predicted to be a fruitful market over the projection period for mHealth service providers. These regions are expected to record significant growth due to the increase in mHealth start-ups and the presence of the leading mHealth solutions market players.
Europe is projected to get a lucrative setting for mHealth solutions due to the increasing focus on the health management of the population. A few key factors that are estimated to enhance the mHealth solution market growth through 2020 are the prevalence of chronic diseases, high healthcare spending potential, the presence of developed healthcare infrastructure, and the growing consciousness for patient monitoring.
East Asia is another prominent region that is projected to witness significant growth due to crucial trends such as the growing elderly population, increasing healthcare expenditure, and rising digitization. This region is also anticipated to offer highly lucrative growth opportunities for mHealth solution providers during the estimation period. Moreover, over the projection period through 2030, China and Japan are also projected to be the most significant markets in East Asia.
| Region | North America |
|---|---|
| CAGR 2023 | 17.6% |
| CAGR 2033 | 16.5% |
| Market Size - 2023 | USD 30,059.0 million |
| Market Size - 2030 | USD 88,942.4 million |
| Region | Europe |
|---|---|
| CAGR 2023 | 20.5.% |
| CAGR 2033 | 21.1% |
| Market Size - 2023 | USD 23,079.7 million |
| Market Size - 2030 | USD 86,392.2 million |
Growing Technological Production in Healthcare to Fuel Growth in Japan
Japan is regarded as the most technologically advanced nation. Such technological development becomes a part of its healthcare infrastructure too. Increasing use of technology in healthcare services is projected to offer lucrative opportunities in Japan for mHealth solution providers. Moreover, the growing demand for patient monitoring and the increasing elderly population are the key trends that are going to influence the potential of the mHealth solutions market.
In Japan, Pocket ECGs, mHealth heart monitors, and other mHealth devices are expected to witness increasing sales over the years to come. Moreover, the growing adoption of mHealth apps by many healthcare providers and patients in Japan may boost the market in Japan.
Favorable Government Policies to Increase Revenue Generation in the United States
The mHealth solutions market in the United States is predicted to be notably lucrative due to the favorable government initiatives to introduce new healthcare technologies as well as the presence of developed healthcare infrastructure. Moreover, there are a few other important factors that are estimated to boost the mHealth solution market potential, which include a focus on patient engagement, growing consciousness among patients, and favorable reimbursement policies.
An increase in the use of patient monitoring devices and a growing elderly population are also anticipated to enhance the United States mHealth solutions market potential during the forecast period.
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Hospitals Segment to record significant mHealth Solutions Market Share
Increasing investments are made in hospitals to improvising their infrastructure and provide the best healthcare services to patients. Mobile health solutions are estimated to record high deployment in hospitals due to increasing focus on patient engagement.
Increasing efforts to make healthcare accessible to all are anticipated to increase the adoption of electronic health record solutions, population health management solutions, and other mHealth systems to facilitate better healthcare services.
| Segments | Market Size - 2023 |
|---|---|
| Hospitals | USD 48,002.3 million |
Increasing Focus on Patient Engagement to Enhance Industry Potential
Patient monitoring has a significant role in the treatment of many types of health conditions and henceforth, the demand for it has considerably increased on a global scale. Patient monitoring application dominates the mHealth solutions market growth in terms of application and is estimated to grow significantly over the coming years.
Real-time monitoring and preparing an efficient treatment plan for the patient become easy with mobile health solutions. The unprecedented epidemic of coronavirus infections in 2020 led to a global health emergency and transformed the way healthcare was approached in the modern world. Detection of CVOID-19 cases was a key challenge for healthcare institutions across the world and this was even worse in asymptomatic cases which were tough to identify.
These factors greatly contributed toward the adoption of mHealth systems across the world as they allow remote monitoring of alleged individuals. Mobile health solutions can also improve healthcare services by enabling early diagnosis, risk profiling, etc. An Increase in the deployment of digital solutions in healthcare has led to a productive backdrop for mHealth solutions market growth and this is anticipated to drive potential across the forecast period.
| Segment | Market Size - 2023 |
|---|---|
| Patient Monitoring | USD 42,285.5 million |
The Key players in the mHealth solutions market focus on adopting a few effective strategies such as collaborations, mergers, partnerships, and acquisitions to expand the product portfolio and expand the business further across regions globally. For instance
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries |
| Key Market Segments Covered | Product and Service, Application, End User, Region |
| Key Companies Profiled | Bayer Pharmaceuticals; Medtronic; Apple; AirStrip; AliveCor Inc.; BioTelemetry Inc.; Athenahealth; AgaMatrix; LifeWatch Services Inc.; Philips; iHealth; AT&T; Omron Healthcare Inc.; Qualcomm Technologies; Cerner Corporation; Nokia |
| Pricing | Available upon Request |
The global market exhibited a 24.6% CAGR from 2015 to 2021.
The market is forecast to register a CAGR of 26.8% through 2033.
Growing demand for mHealth solutions globally is the top trend of the market.
The increasing use of smartphones by teenagers and adults for healthcare/fitness apps drives sales.
The hospital segment dominates the market.
1. Executive Summary | mHealth Solutions Market 2. Market Overview 3. Market Background 4. Global mHealth Solutions Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. mHealth Devices 5.2. mHealth Apps 5.3. mHealth Services 6. Global mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Disease Tracking 6.2. Wellness Management 6.3. Patient Monitoring 7. Global mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Physicians 7.2. Patients 7.3. Hospitals 7.4. Healthcare Insurance Vendors 8. Global mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 9. North America mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA mHealth Solutions Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries mHealth Solutions Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Bayer Pharmaceuticals 18.2. Medtronic 18.3. Apple 18.4. AirStrip 18.5. AliveCor Inc. 18.6. BioTelemetry Inc. 18.7. Athenahealth 18.8. AgaMatrix 18.9. LifeWatch Services Inc. 18.10. Philips 18.11. iHealth 18.12. AT&T 18.13. Omron Healthcare Inc. 18.14. Qualcomm Technologies 18.15. Cerner Corporation 18.16. Nokia 19. Assumptions & Acronyms Used 20. Research Methodology
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mHealth Solutions Market
