mHealth Market worth $625.62 billion by 2030, growing at a CAGR of 29.02% - Exclusive Report by 360iResearch

The "mHealth Market by Product (Connected Medical Devices, Mobile Health Apps, Mobile Health Services), End User (Healthcare Patients, Healthcare Payers, Healthcare Providers), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global mHealth Market to grow from USD 105.10 billion in 2023 to USD 625.62 billion by 2030, at a CAGR of 29.02%.

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mHealth encompasses usage of mobile and wireless technologies to deliver healthcare solutions and services. These solutions include diagnostic tools, treatment options, remote patient monitoring systems, telemedicine services, and health information exchange platforms. The widespread penetration of internet connectivity has also facilitated the expansion of telehealth services in rural areas where access to traditional healthcare might be limited otherwise. However, data privacy concerns are paramount as sensitive personal health information related data is stored on mobile devices or transmitted over networks susceptible to cyber-attacks. Market players are working on developing secure data storage and transmission protocols while adhering to regulatory frameworks across multiple jurisdictions to provide safe solutions. Emerging opportunities within the mHealth market include personalized medicine, wherein data collected through wearable devices can help tailor treatments specific to individual patients' needs. Moreover, advances in artificial intelligence (AI) have enabled more accurate diagnosis by analyzing vast amounts of health data from electronic health records (EHRs) along with other sources such as medical images or genomic data.

In the Americas, both North and South America have demonstrated a significant uptake of mHealth solutions due to its advanced healthcare infrastructure and technological prowess. Government initiatives promoting digital health services and expanding coverage of high-speed internet connectivity is the major reason for product usage in the region. The Asian market has also experienced considerable expansion in terms of mHealth adoption due to its large population base with diverse healthcare needs. Asian-based companies are fast gaining traction in their respective markets while delivering innovative mHealth products across various verticals. Europe, being one of the most developed markets globally concerning health technology integration, has experienced widespread acceptance of mHealth solutions. Countries such as Germany, the United Kingdom, and France are at the forefront of this adoption, primarily driven by their matured healthcare systems and active support from government initiatives promoting digital health innovation. Europe houses numerous well-established players focusing on enriching patients' lives through advanced technology-driven solutions.

Market Segmentation & Coverage:

This research report categorizes the mHealth Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Connected Medical Devices, Mobile Health Apps, and Mobile Health Services. The Connected Medical Devices is further studied across Clinical Devices and Consumer Health Devices. The Clinical Devices is further studied across Blood Glucose Meters, Blood Pressure Monitors, ECG/Heart Rate Monitors, Fetal Monitoring Devices, Multiparameter Trackers, Neurological Monitoring Devices, Peak Flowmeters, Pulse Oximeters, and Sleep Apnea Monitors. The Mobile Health Apps is further studied across Healthcare Apps and Medical Apps. The Healthcare Apps is further studied across Chronic Care Management Apps, General Health & Fitness Apps, Medication Management Apps, Personal Health Record Apps, and Women's Health Apps. The Medical Apps is further studied across Communication & Consulting Apps, Continuing Medical Education Apps, Medical Reference Apps, and Patient Management & Monitoring Apps. The Mobile Health Apps is projected to witness significant market share during forecast period.

Based on End User, market is studied across Healthcare Patients, Healthcare Payers, and Healthcare Providers. The Healthcare Providers is projected to witness significant market share during forecast period.

Based on Application, market is studied across Disease Management, Emergency Response & First Aid, Mental Health & Wellbeing, and Physical Fitness. The Physical Fitness is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the mHealth Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the mHealth Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the mHealth Market, highlighting leading vendors and their innovative profiles. These include AgaMatrix Inc., AirStrip Technologies, Inc., Akili Interactive Labs, AliveCor, Allscripts Healthcare Solutions, Inc., Amazon Web Services, Inc., Apple Inc., AT&T Inc., Babylon Health, Biofourmis Inc., Boston Scientific Corporation, Cerner Corporation by Oracle Corporation, Cisco Systems, Inc., Cognoa, Inc., Google LLC by Alphabet Inc., iHealth Lab Inc., International Business Machines Corporation, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Lumeon Ltd., Medtronic PLC, OMRON HEALTHCARE , INC, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., and Veradigm LLC.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. mHealth Market, by Product
7. mHealth Market, by End User
8. mHealth Market, by Application
9. Americas mHealth Market
10. Asia-Pacific mHealth Market
11. Europe, Middle East & Africa mHealth Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the mHealth Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the mHealth Market?
3. What is the competitive strategic window for opportunities in the mHealth Market?
4. What are the technology trends and regulatory frameworks in the mHealth Market?
5. What is the market share of the leading vendors in the mHealth Market?
6. What modes and strategic moves are considered suitable for entering the mHealth Market?

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