Press release
Mobile Healthcare Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Mobile Healthcare Market Size
The global rise in chronic diseases is a considerable factor propelling the mobile healthcare market's expansion. Aging populations, unhealthy ways of living, escalating pollution, and urbanization are amongst the elements leading to a surge in chronic diseases. Innovative and advanced diagnostics further enhance the detection of these illnesses. For instance, one in three adults worldwide grapples with multiple chronic disorders, with the preponderance scale varying between 16% to 58% in the UK, 26% in the US, and 9.4% among urban South Asians. Thus, the climbing occurrence of worldwide chronic diseases sets the pace for the progress of the mobile healthcare market.
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What growth opportunities are expected to drive the mobile healthcare market's CAGR through 2034?
In the past few years, there has been a substantial expansion in the size of the mobile healthcare market. The market is projected to increase from $134.52 billion in 2024 to an estimated $172.87 billion in 2025, showing a compound annual growth rate (CAGR) of 28.5%. The observed growth during the historic period is a result of initiatives aimed at patient engagement, support from regulatory bodies, expansion of telehealth, and exchange of health information.
Over the coming years, the market size of mobile healthcare is anticipated to witness tremendous expansion, with projections reaching $497.72 billion by 2029. This represents a compound annual growth rate (CAGR) of 30.3%. The surges expected for the forecast period can be linked to factors such as the monitoring of social health determinants, the incorporation of telemedicine platforms, an emphasis on health equity, management of pharmacy and medication, as well as responsiveness to global health crises. Future trends within this projection period encompass the adoption of telehealth, the integration of wearable technology, a concentration on chronic disease management, data security and interoperability, collaborations with pharmaceutical firms, and changes in the regulatory landscape.
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What are the emerging trends shaping the future of the mobile healthcare market?
Leading entities in the mobile healthcare market are innovating cloud-based healthcare solutions to establish a competitive advantage. Cloud-based healthcare systems involve the application of cloud computing technologies and solutions to store, manage, access, and interpret data, information, and applications related to healthcare. For example, in November 2022, the US-based Boston Scientific Corporation declared the release of the LUX-Dx Insertable Cardiac Monitor (ICM) System. This long-term diagnostic tool is designed for subcutaneous implantation in patients. Its objective is to identify arrhythmias linked with conditions like atrial fibrillation (AF), cryptogenic stroke, and syncope. The LUX-Dx ICM possesses sophisticated dual-stage algorithms that autonomously confirm and recognize arrhythmias, supplying crucial insights for healthcare providers and reducing the incidence of false positives.
Which growth-oriented segments of the mobile healthcare market are leading the industry's development?
The mobile healthcare market covered in this report is segmented -
1) By Device Type: Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body And Temperature Monitors, Remote Patient Monitoring Devices, Other Device Types
2) By Service Type: Treatment Services, Diagnostic Services, Monitoring Services, Wellness and Fitness Solutions, Other Service Types
3) By Stake Holder: Mobile Operators, Healthcare Providers, Application Or Content Players, Other Stake Holders
Subsegments:
1) By Blood Glucose Monitors: Continuous Glucose Monitors (CGMs), Blood Glucose Meters
2) By Cardiac Monitors: Electrocardiogram (ECG) Monitors, Holter Monitors, Event Monitors, Hemodynamic Monitors
3) By Hemodynamic Monitors: Invasive Hemodynamic Monitors, Non-Invasive Hemodynamic Monitors
4) By Neurological Monitors: EEG Monitors, Intracranial Pressure Monitors
5) By Respiratory Monitors: Pulse Oximeters, Capnometers
6) By Body And Temperature Monitor: Wearable Body Temperature Monitors, Thermometers
7) By Remote Patient Monitoring Devices: Wearable Devices, Smartphone-Based Monitoring
8) By Other Device Types: Smart Pill Bottles, Health Tracking Apps
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What regions are leading the charge in the mobile healthcare market?
North America was the largest region in the mobile healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the mobile healthcare market?
Major companies operating in the mobile healthcare market include Apple Inc., Koninklijke Philips N. V., Omron Corporation, athenahealth Inc., iHealth Labs Inc., AT&T Inc., Samsung Electronics Co. Ltd., Vodafone Group Plc, Dexcom Inc., Masimo Corporation, Qualcomm Technologies Inc., AliveCor Inc., BioTelemetry Inc., AgaMatrix Inc., Withings S. A., Telefonica S. A., SoftServe Inc., Google LLC, Teladoc Health Inc., Amwell Inc., Doctor on Demand Inc., Omada Health Inc., Hims & Hers Health Inc., Lemonaid Health Inc., K Health Inc., 98point6 Inc., HealthTap Inc., Zocdoc Inc., Carbon Health Inc., One Medical Group Inc., Forward Health Inc., Cityblock Health Inc., Oak Street Health Inc., ChenMed LLC, VillageMD LLC, DispatchHealth Inc., Ready Inc., MediciNova Inc.
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What Is Covered In The Mobile Healthcare Global Market Report?
•Market Size Forecast: Examine the mobile healthcare market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile healthcare market for a structured understanding.
•Key Players Overview: Analyze major players in the mobile healthcare market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile healthcare market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile healthcare market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile healthcare market.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile healthcare market.
•Competitive Landscape: Review strategic developments in the mobile healthcare market, including expansions, agreements, and new product launches.
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