MHealth Market Size, Share, Growth Report 2030

MHealth Market

MHealth Market By Device (Pulse Oximeters, Multi-Parameter Trackers, Blood Glucose Meters, Sleep & Apnea Monitor, Wearable Fitness Sensor Device, Neurological Monitoring Device, Heart Rate Meters, Blood Pressure Monitors, ECG Monitors, Cardiac Monitors, Peak Flow Meters, and Others), Stakeholder (Healthcare Providers, Mobile Operators, Application Players, Device Vendors, and Others) By Service (Treatment Services, Monitoring Services, Wellness Services, Diagnosis Service, Prevention Servicesm, Healthcare System Strengthening Services, Other Service), By Therapeutics (Neurology, Diabetes, Cardiovascular, Respiratory, Others), and By Application (Chronic Care Management Apps, Medical Apps, Women’s Health Apps, Medication Management, Personal Health Record (PHR) Apps, Healthcare and Fitness Apps, and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Medical Device Report Format : PDF Pages: 150 Report Code: ZMR-530 Published Date: Jul-2021 Status : Published

The global MHealth market accounted for USD 45.0 Billion in 2020 and is expected to reach USD 639.4 Billion by 2028, growing at a CAGR of 34.6% from 2021 to 2028.

Market Overview    

The global MHealth market accounted for USD 45.0 Billion in 2020 and is expected to reach USD 639.4 Billion by 2028, growing at a CAGR of 34.6% from 2021 to 2028.  

mHealth is a technology that involves use of mobile commination devices, such as mobile phones, PDAs (personal digital assistants), tablets, and other wireless devices for distributing health as well as services. It monitors chronic conditions and help developing the prevention aspect of the healthcare system. In addition to this, it enables to offer the services on consultation, diagnosis, care management, and self-management services by using information & communication technologies (ICT).

Moreover, the mHealth includes wide range of tactics and technologies to deliver virtual health, medical, and education services to the users. mHealth may include apparatus, instruments, machines or software (including mobile applications) that are involved in the delivery of healthcare services.

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COVID-19 Impact Analysis:

The global MHealth market has witnessed a significant growth during the COVID-19 pandemic. The pandemic is having an unprecedented effect on daily lives and this has impacted every single sector and the global economy. However, the demand for MHealth is growing exponentially during the pandemic, as the value of digital approaches which are designed to help health professionals and the public stay up to date about the disease, allow better strategic planning, and maintain communication are now rapidly being highlighted and adopted.

 The market would remain bullish in upcoming year.  

Growth Factors

Rising awareness among the users about healthcare is one of the major factors that are responsible for the development of the global mHealth market, as per the analysts at Zion Market Research. In addition to this, various mergers and acquisitions by market players is also set to boost the global mHealth market. For example, in July 2017, Cisco purchased, Observable Networks, the network security startup. In addition, in June 2017, Actelion was obtained by Johnson & Johnson, thereby boosting the mHealth market.

Report Scope:

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Segment Analysis Preview  

On the basis of device, the mHealth market has been divided into multi-parameter trackers, pulse oximeters, sleep & apnea monitor, blood glucose meters, neurological monitoring device, wearable fitness sensor device, blood pressure monitors, heart rate meters, cardiac monitors, ECG monitors, and peak flow meters. The blood pressure monitors segment surfaced as the primary division in mHealth market and added up for more than 20% share of total income created in 2020. Mobile blood pressure monitors segment are turning out to popular in the mHealth market in the years to come. In addition to this, blood glucose meter was the second biggest division in the mHealth market and is likely to develop at a significant CAGR in the years to come.

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Regional Analysis Preview  

North America ruled the mHealth with more than 30% share for the year 2020 in terms of income followed by Asia Pacific and Europe owing to development of monitoring services segment. By therapeutics, the mHealth market can be divided into diabetes, neurology, respiratory, cardiovascular, and others. Monitoring services segment added up for more than 34% share of the total mHealth market in 2014. The diagnosis & consultation service segment was the second biggest division in global mHealth market. Diagnosis services permits healthcare professionals to link distantly with patients. Diagnosis services include IVR-based services and mobile telemedicine services in addition to call center services.

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Key Market Players & Competitive Landscape

Some of key players in MHealth Market are Athenahealth, Inc., AT&T, Inc., Cisco Systems, Inc., BioTelemetry, Inc., Johnson & Johnson, Sanofi S.A., Apple, Inc., Philips N.V., LifeWatch AG, AirStrip Technologies Inc., Cerner Corporation, Nike Inc., Omron Healthcare, and Medtronic, Inc. among others.

The global MHealth Market is segmented as follows:   

By Device

  • Pulse Oximeters
  • Multi-Parameter Trackers
  • Blood Glucose Meters
  • Sleep & Apnea Monitor    
  • Wearable Fitness Sensor Device
  • Neurological Monitoring Device    
  • Heart Rate Meters      
  • Blood Pressure Monitors     
  • ECG Monitors      
  • Cardiac Monitors      
  • Peak Flow Meters       
  • Others

By Stakeholder

  • Healthcare Providers     
  • Mobile Operators      
  • Application Players      
  • Device Vendors
  • Others

By Service

  • Treatment Services      
  • Monitoring Services      
  • Wellness Services      
  • Diagnosis Service      
  • Prevention Services      
  • Healthcare System Strengthening Services   
  • Other Service

By Therapeutics

  • Neurology       
  • Diabetes        
  • Cardiovascular       
  • Respiratory       
  • Others

By Application

  • Chronic Care Management Apps
    • Blood Pressure & ECG Monitoring Apps   
    • Cancer Management Apps    
    • Diabetes Management Apps    
    • Mental Health and Behavioral Disorder Management Apps 
    • Others
  • Medical Apps
    • Alert and Awareness Apps    
    • Continuing Medical Education (CME) Apps   
    • Diagnostic Apps     
    • Medical Reference Apps
  • Women’s Health Apps
    • Breastfeeding Apps     
    • Fertility Apps     
    • Pregnancy Apps     
    • Others   
  • Medication Management
  • Personal Health Record (PHR) Apps
  • Healthcare and Fitness Apps
    • Nutrition and Fitness Apps    
    • Health-Tracking Apps    
    • Weight Loss Apps
  • Others

By Region

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

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global MHealth Market was valued at USD 45.0 Billion in 2020.

The global MHealth Market is expected to reach USD 639.4 Billion by 2028, growing at a CAGR of 34.6% between 2021 to 2028.

Some of the key factors driving the global MHealth Market growth are rising awareness among the users about healthcare and various mergers and acquisitions in the market.

North America ruled the mHealth with more than 30% share for the year 2020 in terms of income followed by Asia Pacific and Europe owing to development of monitoring services segment.  

Some of the major companies operating in MHealth Market are Athenahealth, Inc., AT&T, Inc., Cisco Systems, Inc., BioTelemetry, Inc., Johnson & Johnson, Sanofi S.A., Apple, Inc., Philips N.V., LifeWatch AG, AirStrip Technologies Inc., Cerner Corporation, Nike Inc., Omron Healthcare, and Medtronic, Inc. among others.

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