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mHealth Market Size

Report ID: GMI286
Published Date: Dec 2022
Report Format: PDF

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mHealth Market Size

mHealth Market size was valued at more than USD 111.5 billion in 2022 and is expected to observe over 22% CAGR through 2032.

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Increasing incidences of chronic diseases, including diabetes is expected to boost the market penetration in developed regions of North America and Europe. Digital innovations, such as mobile health (mHealth) are being used to provide effective healthcare to the users. A recent survey finding revealed that nearly 44% of the U.S. consumers presently use a digital tool to track some aspect of their health. The easy accessibility of these applications and devices is also a key force accelerating the market development.

mHealth Market Report Attributes
Report Attribute	Details
Base Year:	2022
mHealth Market Size in 2022:	USD 111.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	22%
2032 Value Projection:	USD 888.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	350
Tables, Charts & Figures:	479
Segments covered:	Platform, Application, End-use, and Region.
Growth Drivers:	Increasing penetration of mobile phones and internet Growing incidence of chronic diseases Vast amount of cost-saving in healthcare delivery Rising adoption of smart wearable medical devices Favorable government initiatives
Pitfalls & Challenges:	Security and privacy issues Stringent regulatory policies Lack of knowledge in developing countries

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for mHealth was valued at more than USD 111.5 billion in 2022 and is expected to observe over 22% CAGR through 2032, owing to the increasing incidence of chronic diseases such as diabetes across the globe.

Wearable devices segment is expected to cross USD 171 billion through 2032, pertaining to multiple prime advantages offered by the product, including better accessibility to clinical information.

Asia Pacific mHealth market was valued at more than USD 32.5 billion in 2022 and is anticipated to showcase over 23% CAGR through 2032, with growing utilization of digital health records (DHRs) in the healthcare sector of the region.

Allscripts Healthcare Solutions, AT&T, Athenahealth, Inc., Samsung Electronics Corporation, Apple Inc., Koninklijke Philips.V., Omron Healthcare Inc., Bayer Healthcare, Boston Scientific Corporation, Qualcomm Inc., Sanofi SA, PLUX Wireless Biosignals S.A., and AliveCor Inc are some of the key mHealth companies.