Mhealth Market Size Is Expected To Reach US$ 177 Billion By 2032

The global mHealth market is predicted to reach US$ 57 billion in FY2022 and to grow at a remarkable 12% value CAGR over the forecast period of 2022-2032. The market is expected to be worth approximately US$ 177 billion by the end of the evaluation period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7097?PS

During the COVID-19 pandemic, the need for mHealth was highlighted even more due to widespread reliance on virtual platforms for diagnosis and treatment consultations due to fears of spreading the virus through face-to-face contact. Patients suffering from a variety of ailments made great use of telehealth services to obtain doctor consultations.

This reliance on virtual healthcare is predicted to prevail in the post-pandemic environment. As a result, mHealth app and service providers are providing extremely reliable and cutting-edge solutions that can be combined with cutting-edge technologies such as IoT, blockchain, big data analytics, and artificial intelligence. According to the survey, the industry is expected to grow by more than 3X between 2022 and 2032.

The development of information and communications technology, as well as global interconnectedness, has immense potential to accelerate human progress, bridge the digital divide, and establish knowledge societies, according to the 2030 Agenda for Sustainable Development. To increase access to medical care in all locations, this concept has been made the cornerstone of all healthcare providers.

The Internet of Things, virtual care, remote monitoring, artificial intelligence, and big data analytics have all been shown to improve health outcomes by improving medical diagnosis, data-based treatment decisions, digital therapeutics, clinical trials, self-management of care, and person-centered care, as well as providing more evidence-based knowledge, skills, and competence for health care professionals.

With the prevalence of a large geriatric population base, there is a growing emphasis on improving access to healthcare, which is pushing uptake of mHealth services across key countries.

In addition, given the rapidly increasing living circumstances in emerging countries, the region is seeing a growth in smartphone penetration. According to the GSMA's Mobile Economy report, unique mobile subscriptions in APAC are expected to reach 3 billion by 2025. In addition, 5G connections are estimated to account for approximately 2 billion connections.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• By component, mHealth apps are expected to account for more than 75% of global market revenue.
• mHealth monitoring services will account for more than three out of every five sales, particularly for chronic disease management.
• Mobile operator-based mHealth services are expected to hold 50% of the overall demand.
• mHealth applications for content creators to expand at a CAGR of 13% during 2022-2032
• In 2022, North America will account for 39% of the global mHealth revenue.
• From 2022 to 2032, Asia-Pacific is expected to grow at a CAGR of 10% in terms of mHealth services.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

The global transformation of the healthcare industry has resulted in the growth of mhealth market.
Countries all over the world are moving toward digitization in order to deliver a more streamlined experience for patients, resulting in better treatment outcomes and a simplification of medical operations. This has resulted in widespread adoption of mHealth apps and services.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Due to rising penetration of technology breakthroughs in the healthcare area, leading mHealth service providers are merging the most cutting-edge virtual technologies to launch extremely sophisticated mobile applications. Other significant players' expansion tactics include extensive R&D initiatives, collaborations, and mergers and acquisitions. The following are some noteworthy developments:

AT&T Inc. announced a collaboration with Smart Meter in January 2022 to enhance health outcomes for people with chronic diseases like diabetes and high blood pressure. The iPulseOxTM device, which will install AT&T's statewide IoT Network, will be unveiled at CES 2022.
Samsung Electronics Co. partnered with American Well in February 2017 to improve the consumer-facing space by providing access to mHealth solutions that give credible data. The goal of the collaboration was to create an integrated care delivery system and improve business outcomes.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 -

AT&T
Samsung Electronics Co
Allscripts Healthcare Solutions
Apple Inc.
Orange
mQure
Qualcomm Technologies, Inc.
SoftServe
Google Inc.
Airstrip Technologies, Inc.
Telefonica S.A.
Vodafone Group

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7097?PS

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐦𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭

Fact.MR provides an unbiased analysis of the mHealth market, presenting forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global mHealth market with a detailed segmentation on the basis of:

By Component

mHealth Wearables
BP Monitors
Glucose Monitors
Pulse Oximeters
Sleep Apnea Monitors (PSG)
Neurological Monitors
Activity Trackers/Actigraphs
mHealth Apps
Medical Apps
Women's Health
Personal Health Record Apps
Medication Management Apps
Disease Management Apps
Diagnostic Apps
Remote Monitoring Apps
Others
Fitness Apps
Exercise & Fitness
Diet & Nutrition
Lifestyle & Stress

By Services

mHealth Monitoring Services
Independent Aging Solutions
Chronic Disease Management & Post-acute Care Services
mHealth Diagnosis Services
mHealthcare Systems Strengthening Services
Other mHealth Services

By Participants

Mobile mHealth Operators
mHealth Device Vendors
mHealth Content Players
mHealthcare Providers

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• What was the documented market value for mHealth services in 2021?
• At what value will the market for mHealth close in 2022?
• At what percentage is the mHealth industry anticipated to grow until 2032?
• What is the predicted ending value of the mHealth market in 2032?
• How opportunistic will the market for mHealth be across North America?

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.