Overview and Scope
mHealth apps are wearable devices and health tracking apps used to monitor and share health information by using mobile technology. mHealth apps include clinical and diagnostic apps, remote monitoring apps, healthy-living apps, clinical reference apps, and productivity apps. These apps are used to monitor and collect community data and clinical data by healthcare providers.
Sizing and Forecast
The mhealth apps market size has grown exponentially in recent years. It will grow from $55.32 billion in 2023 to $68.77 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to data security & privacy measures, rising healthcare costs, shift in patient engagement, healthcare provider adoption, chronic disease management.
The mhealth apps market size is expected to see exponential growth in the next few years. It will grow to $166.28 billion in 2028 at a compound annual growth rate (CAGR) of 24.7%. The growth in the forecast period can be attributed to user privacy & security concerns, healthcare policy changes, consumer behavior shifts, integration with wearable devices, telemedicine expansion. Major trends in the forecast period include gamification and engagement, preventive healthcare solutions, healthcare accessibility, behavioral health and mental wellness, wearable device integration.
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Segmentation & Regional Insights
The mHealth Apps market covered in this report is segmented –
1) By App Type: Disease And Treatment Management, Wellness Management, Other App Types
2) By Connected Medical Devices: Heart Rate Meters, Wearable Fitness Sensor Device, Blood Pressure Monitors, Pulse Oximeters, Other Connected Medical Devices
3) By Application: Monitoring Services, Fitness Solutions, Diagnostic Services, Treatment Services, Other Applications
4) By End-User: Physicians, Patients, Insurance Companies, Research Centers, Pharmacy, Biopharmaceutical Companies, Government, Tech Companies, Other End-Users
North America was the largest region in the mHealth apps market in 2023. Asia-Pacific is expected to be the fastest-growing region in mHealth apps market share. The regions covered in the mhealth apps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing publicity of mHealth applications due to their increasing benefits to improving patient disease state is expected to propel the growth of the mHealth apps market. Many people are increasingly adapting to the usage of health apps and therefore their popularity is increasing. These apps provide many benefits to monitoring patient disease state. According to Healthcare Information and Management Systems Society, a health app is regularly used by nearly 64% of adults in the United States to measure health metrics. Further, a new study by BMJ in 2021 reported that the Google Play store has nearly 2% of mHealth apps. mHealth apps are being used to improve the treatment and provide information that is easily accessible. Health care professionals are using these health applications for educating the patient and also for self-monitoring. Therefore, the increasing publicity of mHealth applications due to their increasing benefits to improve patient care is driving the growth of the mHealth app market.
Key Industry Players
Major companies operating in the mHealth apps market report are Apple Inc., Pfizer Inc., Johnson & Johnson, Sony Corporation, F. Hoffmann-La Roche Ltd., Merck & Co Inc., Novartis AG, Sanofi, Bristol-Myers Squibb Company, Orange S.A., AstraZeneca plc, Qualcomm Technologies Inc., Abbott Laboratories, GlaxoSmithKline plc, Philips Healthcare, Livongo Health Inc., Boston Scientific Corporation, Azumio Inc., Allscripts Healthcare Solutions Inc., Omron Healthcare Inc., BioTelemetry Inc., Withings S.A., AliveCor Inc., iHealth Labs Inc., Agamatrix Inc., Jawbone Health Hub Inc., Ovia Health Inc., Nutrimedy Inc., Dr. Pad S.r.l., Diversinet Corporation
The mhealth apps market report table of contents includes:
1. Executive Summary
2. mHealth Apps Market Characteristics
3. mHealth Apps Market Trends And Strategies
4. mHealth Apps Market - Macro Economic Scenario
5. Global mHealth Apps Market Size and Growth
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32. Global mHealth Apps Market Competitive Benchmarking
33. Global mHealth Apps Market Competitive Dashboard
34. Key Mergers And Acquisitions In The mHealth Apps Market
35. mHealth Apps Market Future Outlook and Potential Analysis
36. Appendix
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