mHealth Market, By Service Type (Monitoring Services, Diagnostic Services, and Treatment Services), By Device Type (Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors, Remote Patient Monitoring Devices, and Other Device Types), By Stake Holder (Mobile Operators, Healthcare Providers, Application/Content Player and Other Stake Holders), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI389220 | Publish Date: March 2024 | No. of Pages: 169

Global MHealth Market By Service Overview

Introduction:

MHealth Market was valued at US$ 69.2 Billion in 2024 and is projected to grow at a CAGR of 1.70% to reach US$ 206.4 Billion by 2034.

[PDF] mHealth is characterized as a broad subset of eHealth that handles the gathering of patient data. Wireless electronic devices, 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 mHealth application.

Increasing government support for introduction and promotion of remote digital healthcare initiatives as well as rising individual awareness of the use of mobile health solutions are some of the key factors in the growth of the mHealth Market. Furthermore, it is projected that the growing use of cellphones among teenagers and adults will propel the development of mHealth platforms and thus become the major contribution in mHealth Market growth.

Global MHealth Market By Service Dynamics

Increasing penetration of smartphones and other wireless technology

One of the main drivers of the global adoption of smartphones in the mHealth Market is their rising penetration rate. Many people own multiple tablets, cell phones, and smartphones. The adoption of cellular network architecture has developed greatly in size and technology throughout time and has become the major factor in mHealth Market growth.

For instance, according to Global System for Mobile Communications (GSMA) wireless Intelligence report, the number of mobile internet subscribers has risen dramatically since 2008 and is expected to grow even further over the forecast period. The total number of cellular connections was more than 7.4 billion in 2013. By 2017, the number is anticipated to reach 9.7 billion. China and India represent the areas with the largest number of mobile devices. China had 1.17 billion devices in 2013, while India had 864 million devices.

Use of Modern Technology to Drive Market Worldwide

Significant factors driving the market expansion include the emergence of novel technologies and the rising desire for mHealth solutions that are more effective. Additionally, European nations are working to create a number of other cutting-edge technologies to improve the functionality of mobile health apps. Additionally, rising demand for the apps among population, increasing benefits associated with innovative apps will further boost the growth of mHealth Market.

For instance, in August 2020, The Prime Minister of India announced the launch of “National Digital Health Mission” (NDHM) on 74th Independence Day. It includes cyber security policy and optical fiber connectivity to six lakh villages in the country. NDHM is a complete digital health ecosystem which is composed of four key features- health ID, personal health records, Digi Doctor and health facility registry. It is available in the form of an app and website.

Restrains:

Despite the enormous potential of mobile health apps, infrastructure and technology barriers are one of the main obstacles preventing the mHealth Market from growing in poor nations. Adopting these apps necessitates, setting up the most recent communication technologies, high-speed internet with plenty of bandwidth, and storage space for integrating and transmitting medical data, all of which are still underdeveloped in many developing nations and thus, limiting the target market growth. 

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Global MHealth Market By Service Segmentation

mHealth Market is segmented based on Service Type, Device Type, Stake Holder and Region.

Service Type Insight

On the basis of Service Type, mHealth Market is segmented into Monitoring Services, Diagnostic Services, and Treatment Services. Monitoring Services segment is expected to dominate the target market growth due to the expanding demand for remote monitoring platforms in post-acute care together with the increasing frequency of infectious and chronic disorders. The increase in investments for inpatient monitoring by the key market companies has also anticipated to accelerate segment growth over the coming years.

Device type Insights

On the basis of Device type, mHealth Market is segmented into Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors,Remote Patient Monitoring Devices, and Other Device Types. Remote Patient Monitoring Devices segment, are expected to dominate the target market growth because it helps patients that require chronic, post-discharge or senior care. Managing both acute and chronic illnesses is made possible through remote patient monitoring. Additionally, it lowers the danger of infection and the cost of patient travel.

Stake holder Insights

On the basis of Stake holder, mHealth Market is segmented into Mobile Operators, Healthcare Providers, Application/Content Player and Other Stake Holders. Mobile Operators segment are expected to dominate target market growth due to an increase in the number of mobile subscribers and improvements in network infrastructure. Additionally, significant industry consolidation efforts by the top companies and the development of 3G and 4G technologies is expected to propel this segment over the forecast period.

Regional Insights:

On the basis of region, the mHealth Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to factors such as growing healthcare expenditure, increasing incidences of chronic diseases, rising geriatric population, and highly developed network infrastructure. Additionally, encouraging government initiatives and the expanding use of mobile healthcare apps are anticipated to increase demand for mobile health (mHealth) in the region.

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Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2032\4

Market Segmentation

By Service Type - Monitoring Services, Diagnostic Services, and Treatment Services

By Device Type - Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors, Remote Patient Monitoring Devices, and Other Device Types

By Stake Holder- Mobile Operators, Healthcare Providers, Application/Content Player and Other Stake Holders

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the mHealth Market report based on Service Type, Device Type, Stake Holder and Region:

mHealth Market, By Service Type:

  • Monitoring Services
  • Diagnostic Services
  • Treatment Services

mHealth Market, By Device Type:

  • Blood Glucose Monitors
  • Cardiac Monitors
  • Hemodynamic Monitors
  • Neurological Monitors
  • Respiratory Monitors
  • Body and Temperature Monitors
  • Remote Patient Monitoring Devices
  • Other Device Types

mHealth Market, By Stake Holder:

  • Mobile Operators
  • Healthcare Providers
  • Application/Content Player
  • Other Stake Holders

mHealth Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • U.S.
    • Canada

Global MHealth Market By Service Key Players

The key players operating the mHealth Market includes, Medtronic PLC, Philips Healthcare, Omron Corporation, Johnson & Johnson, Qualcomm Life, AT&T Inc., Cisco Systems Inc., Bayer Healthcare, and Samsung Healthcare Solutions.

Global MHealth Market By Service Key Issues Addressed

Recent Development:

  • In Aril 2021, Mayo Clinic launched a new mHealth platform called as The Remote Diagnostic and Management Platform (RDMP). It aims to provide a helping healthcare provider to improve their use of connected health devices in remote patient monitoring and other mobile health programs. RDMP connects devices to AI resources that helps providers with clinical decisions support and diagnoses.
  • In May 2020, Omada Health, announced the acquisition of Physera, a leading musculoskeletal care company that delivers interventions digitally and via telehealth. The service provides in-application animations, voice prompts, digital exercise therapy, and other instructions intended to reduce musculoskeletal discomfort, as well as video access to a nationwide network of licensed physical therapists for diagnosis and treatment.
  • In October 2017, Medtronic plc, a global producer of medical devices and therapies, such as insulin pumps, pacemakers, and diabetes therapies announced that their “Medtronic Care Management Services (MCMS) business and American Well®” gained access into kind strategic partnership to enable a more complete telehealth solution which is focused on the unique needs of the complex, chronic, co-morbid patient population. The MCMS is a video-enabled platforms that allows bi-directional data flow between the two parties.

Global MHealth Market By Service Company Profile

  • Medtronic PLC*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Philips Healthcare
  • Omron Corporation
  • Johnson & Johnson
  • Qualcomm Life
  • AT&T Inc.
  • Cisco Systems Inc.
  • Bayer Healthcare
  • Samsung Healthcare Solutions

“*” marked represents similar segmentation in other categories in the respective section.

Global MHealth Market By Service Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for mHealth Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Service Type
      • Market Snippet, By Device Type
      • Market Snippet, By Stake Holder
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global mHealth Market, By Service Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Monitoring Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Diagnostic Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Treatment Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global mHealth Market, By Device Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Blood Glucose Monitors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cardiac Monitors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Hemodynamic Monitors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Stapler Neurological Monitors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Respiratory Monitors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Body and Temperature Monitors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Remote Patient Monitoring Devices
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Device Types
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global mHealth Market, By Stake Holder, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Mobile Operators
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Healthcare Providers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Application/Content Player
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Stake Holders
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global mHealth Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Service Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Stake Holder, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Service Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Stake Holder, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Service Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Stake Holder, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Service Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Stake Holder, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Service Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Device Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Stake Holder, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • Medtronic PLC
        • Company Overview
        • Service Type Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategy
      • Philips Healthcare
      • Omron Corporation
      • Johnson & Johnson
      • Qualcomm Life
      • AT&T Inc.
      • Cisco Systems Inc.
      • Bayer Healthcare
      • Samsung Healthcare Solutions
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The mHealth Market is segmented into Service Type, Device Type, Stake holder and Region.

mHealth Market is driven by factors like increasing penetration of smartphones and other wireless technology and use of modern technology to drive market worldwide.

By region, the mHealth Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the mHealth Market includes, Medtronic PLC, Philips Healthcare, Omron Corporation, Johnson & Johnson, Qualcomm Life, AT&T Inc., Cisco Systems Inc., Bayer Healthcare, and Samsung Healthcare Solutions.

MHealth Market was valued at US$ 69.2 Billion in 2024 and is projected to grow at a CAGR of 1.70% to reach US$ 206.4 Billion by 2034.