PUBLISHER: Grand View Research | PRODUCT CODE: 1726380
PUBLISHER: Grand View Research | PRODUCT CODE: 1726380
The global medical photo apps market size is expected to reach USD 1.11 billion by 2030, registering a CAGR of 14.37% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing investments and the widespread adoption of mHealth technologies and platforms by both healthcare providers and patients, along with advancements in healthcare IT infrastructure and the expanding availability of digital health services for remote patient monitoring, are driving the demand for mobile health applications, which is anticipated to boost market growth. For instance, in March 2024, PocketHealth, a platform that allows patients to access their medical imaging, raised USD 33 million in an all-equity Series B funding round. The round was led by Round13 Capital, with participation from Deloitte Ventures, Samsung Next, and existing investors Radical Ventures and Questa Capital.
Favorable government initiatives, including awareness campaigns and research funding for healthcare IT, to improve medical care accessibility are expected to drive the adoption of mHealth technologies, further boosting market growth. According to data published by GenomSys in May 2023, mHealth initiatives in Italy have demonstrated the efficacy of using mobile devices to deliver health solutions cost-effectively. Some of the mHealth services applications using mobile devices include:
Furthermore, growing affordability and decreasing hardware costs contribute to rising smartphone demand. Smartphones have evolved from devices of communication & entertainment to devices that can monitor health and fitness. Mobile applications for smartphones have made life easy by making it convenient to perform daily activities. In addition, with the widespread use of smartphones and the availability of advanced technology, investors are investing in developing innovative solutions for delivering high-quality healthcare and convenience to patients through mobile platforms.