mHealth Market Report: Trends, Forecast and Competitive Analysis to 2030

mHealth Trends and Forecast

The future of the global mHealth market looks promising with opportunities in the providers, patients, and payers markets. The global mHealth market is expected to reach an estimated $325.2 billion by 2030 with a CAGR of 15.5% from 2024 to 2030. The major drivers for this market are high penetration of 4G & 5G networks, growing emphasis on utilizing wearables and smart gadgets to improve personal fitness and health, along with the favourable government initiatives to introduce and promote remote digital healthcare.

A more than 150-page report is developed to help in your business decisions.

mHealth by Segment

The study includes a forecast for the global mHealth by service, apps, connected devices, end use, and region.

mHealth Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Monitoring Services
• Diagnosis Services

mHealth Market by Apps [Shipment Analysis by Value from 2018 to 2030]:

• Women Health
• Diabetes
• Mental Health

mHealth Market by Connected Devices [Shipment Analysis by Value from 2018 to 2030]:

• Glucose & Blood Pressure Monitor
• Peak Flow Meter

mHealth Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Providers
• Patients
• Payers
• Others

mHealth Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of mHealth Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mHealth companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mHealth companies profiled in this report include-

• Boston Scientific
• Fitbit
• Teladoc Health
• Omada Health
• Welldoc
• SAMSUNG ELECTRONICS
• DexCom
• Omron
• Medtronic
• Koninklijke Philips

mHealth Market Insights

Lucintel forecasts that monitoring is expected to witness the highest growth over the forecast period due to increasing prevalence of chronic diseases and growing demand for remote patient monitoring.

North America will remain the largest region over the forecast period due to increasing elderly population, rising costs for healthcare, rising rates of chronic diseases, and highly developed network infrastructure, as well as, growing emphasis on utilizing wearables and smart gadgets to improve personal fitness and health.

Features of the Global mHealth Market

Market Size Estimates: mHealth market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: mHealth market size by various segments, such as by service, apps, connected devices, end use, and region in terms of value ($B).

Regional Analysis: mHealth market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different service, apps, connected devices, end use, and regions for the mHealth market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mHealth market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the mHealth market size?

Answer: The global mHealth market is expected to reach an estimated $325.2 billion by 2030.

Q2. What is the growth forecast for mHealth market?

Answer: The global mHealth market is expected to grow with a CAGR of 15.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the mHealth market?

Answer: The major drivers for this market are high penetration of 4G & 5G networks, growing emphasis on utilizing wearables and smart gadgets to improve personal fitness and health, along with the favourable government initiatives to introduce and promote remote digital healthcare.

Q4. What are the major segments for mHealth market?

Answer: The future of the global mHealth market looks promising with opportunities in the providers, patients, and payers markets.

Q5. Who are the key mHealth market companies?

Answer: Some of the key mHealth companies are as follows:

• Boston Scientific
• Fitbit
• Teladoc Health
• Omada Health
• Welldoc
• SAMSUNG ELECTRONICS
• DexCom
• Omron
• Medtronic
• Koninklijke Philips

Q6. Which mHealth market segment will be the largest in future?

Answer: Lucintel forecasts that monitoring is expected to witness the highest growth over the forecast period due to increasing prevalence of chronic diseases and growing demand for remote patient monitoring.

Q7. In mHealth market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing elderly population, rising costs for healthcare, rising rates of chronic diseases, and highly developed network infrastructure, as well as, growing emphasis on utilizing wearables and smart gadgets to improve personal fitness and health.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mHealth market by service (monitoring services and diagnosis services), apps (women health, diabetes, and mental health), connected devices (glucose & blood pressure monitor and peak flow meter), end use (providers, patients, payers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?