PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402616
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402616
The global mHealth market size is expected to reach US$ 61.26 Bn by 2030, from US$ 24.25 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 14.2% during the forecast period.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2022 | Market Size in 2023: | US$ 24.25 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 14.20% | 2030 Value Projection: | US$ 61.26 Bn |
mHealth, also known as mobile health, is a term used for the practice of medicine and public health supported by mobile devices. It is a sub-segment of eHealth, which is the use of information and communication technology (ICT) for health services and information. mHealth involves the use of mobile technologies, such as smartphones, tablets, and wearable devices, to deliver health services and information. It includes applications (apps) that track health metrics, telemedicine services, electronic medical records, health information technology (IT), wearable devices, and more. The goal of mHealth is to improve patient care and outcomes through personalized medicine, better data access, and improved communication. It can be used for a variety of health services, including disease prevention, diagnosis, treatment, monitoring, and management. mHealth has the potential to transform the face of health service delivery across the globe. It offers solutions for health data collection, delivery of healthcare information, patient monitoring, health education, and more. It can also provide remote areas with access to medical services that might not otherwise be available, making healthcare more accessible and efficient. mHealth is particularly beneficial in managing chronic diseases such as diabetes, hypertension, and cardiovascular diseases. It allows patients to monitor their health in real-time, leading to better disease management and improved health outcomes.
The global mHealth market is driven by factors such as the rising prevalence of chronic diseases, growing usage of smartphones and tablets, increasing investments by healthcare organizations and government bodies to promote mHealth apps. However, data security and privacy concerns related to sensitive healthcare data restrict market growth. Opportunities include the integration of advanced technologies like artificial intelligence, and cloud computing into mHealth apps to offer innovative solutions.