PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1364688
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1364688
mHealth Apps Market size was valued at USD 44,008.6 Million in 2022, expanding at a CAGR of 12.3% from 2023 to 2030.
Medical personnel can benefit from mHealth applications, which have a variety of uses including patient-centered care, medication delivery, and usage as a teaching aid. It makes it possible to deliver healthcare and medical services via mobile applications, personal digital assistants, and wearable health monitoring devices with small, network-capable wearables. Through smartphone and fitness trackers, mHealth applications gather and analyze consumer health data.
A poor diet, excessive alcohol use, a sedentary lifestyle, and little to no exercise have all been related to changes in lifestyle during the previous ten years. Global obesity rates are on the rise as a result of everything. Increased risk of cardiovascular, pulmonary, and other chronic illnesses, including cancer and diabetes, follow. During the COVID-19 pandemic, there was a rise in awareness of the deteriorating health and its long-term effects on quality of life. The epidemic inspired individuals to take better care of their health. Losing weight was the most frequent goal that prompted an increase in persons living active lifestyles. Numerous fitness applications that count calories, steps, heart rate, oxygen consumption, and other metrics saw a sharp increase in downloads. Customized diet and exercise programs with paid memberships also increased. People are adopting an active lifestyle and utilizing these applications as a part of it as the trend has persisted. Therefore, the worldwide mHealth market will expand as a result of the rising demand for fitness applications.
The Global mHealth Apps Market is segmented based on product type, platform, and Region.
Based on the product type, the global market is segmented into medical apps and fitness apps. The medical apps are expected to dominate the market during the forecast period. to improve communication and healthcare results, there is an increasing awareness among patients and healthcare providers to use medical apps. One of the key elements anticipated to propel the industry is the continued usage of paid medical applications by both patients and doctors. Additionally, a growing inclination for medical applications to control the symptoms of chronic diseases is fueling segment expansion.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. The market for mHealth apps is expanding in this region due to several factors, including rising geriatric population, rising prevalence of chronic diseases, improvements in coverage networks, and rising consumer awareness of the benefits of using mobile health applications. The adoption of such apps in this region is also being influenced by the increased marketing of medical health applications by healthcare practitioners in the U.S.
To remain competitive in the market the key players adopted various strategies including product launches, acquisitions, partnerships, agreements and others. The key players are Abbott Laboratories, AstraZeneca PLC, Teladoc Health, Inc., Merck and Co., Inc., Johnson and Johnson, Bristol-Myers Squibb Company, Novartis AG, F. Hoffmann-La Roche Ltd., Sanofi, Pfizer, Inc., GlaxoSmithKline plc, Samsung Electronics Co. Ltd, Orange, Airstrip Technologies, Inc., Google (Alphabet), Inc., Qualcomm Technologies, Inc., Apple, Inc., AT&T and Allscripts among others.
In June 2022, major health-tech company Orange Health declared that as part of its ambitious regional growth plan, its services have started to be delivered in New Delhi. With this innovation, consumers may now access a variety of diagnostic services in the comfort of their homes throughout the NCR area, including Gurgaon, Noida, Delhi, and Ghaziabad, with reports being ready in only 60 minutes.
The scope of this report covers the market by its major segments, which include as follows: