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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global mHealth Market Regional Analysis
North America is leading the regional market due to factors such as increasing incidence of chronic diseases, rising geriatric population, growing healthcare expenditure, and increasing integration of advanced technologies in the healthcare domain. In addition, favorable government initiatives and the growing adoption of mobile healthcare applications are accelerating the demand for mHealth services in the regional market.
In October 2023, Cedars-Sinai launched a new artificial intelligence-driven mHealth application for patients in California providing virtual care options for various clinical conditions. The Cedars-Sinai Connect app offers 24/7 virtual access to healthcare professionals for urgent care and same-day appointments for primary care. Users can access the app to seek care for several conditions, including colds, headaches, anxiety, type 2 diabetes, wellness visits, and specialist referrals.
The app offers a step-by-step process to assist new and existing patients input their health-related details and symptoms. Once the information is submitted, the app evaluates the data and forwards it to a healthcare professional for review. The patient can then communicate with a healthcare provider through a video call.
This development aligns perfectly with mHealth which is focused on increasing productivity and providing convenience to its users through leveraging advanced technologies in healthcare.
mHealth Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 70.2 billion in 2023, driven by the increasing advancement.
The global mHealth market size is anticipated to grow at a CAGR of 18.9% during the forecast period of 2024-2032 and reach a market value of USD 329.1 billion by 2032.
The increasing prevalence of chronic diseases, growing healthcare expenditure, rising geriatric population, technological advancements, product launches, FDA approvals, and government initiatives are among the major factors aiding the market demand.
The increasing number of strategic collaborations between market players to provide the best technology to increase efficiency and convenience for its users in healthcare such as Medtronic plc partnering with Cosmo Intelligent Medical Devices is a major trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
mHealth is available in the market as applications, services, and devices.
mHealth can find wide applications in medical conditions such as cardiovascular, diabetes, respiratory, and neurology, among others.
Stakeholders include mobile operators, device vendors, healthcare providers, and application and content players.
Key players involved in the market are Koninklijke Philips N.V., Abbott, Medtronic, Apple, Inc., AirStrip Technologies Inc., AliveCor India, Omron Corporation, BioTelemetry, a Philips Company, Athenahealth, Inc., AgaMatrix, Withings, iHealth Labs, Inc., Cerner Corporation, ZTE Corporation, Cisco Systems, Inc., Qualcomm Technologies, Inc., and AT&T Intellectual Property.
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