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North America Mobile Health Market Poised to Hit USD 181.5 Billion by 2031 - Persistence Market Research
Overview of the North America Mobile Health MarketThe North America Mobile Health (mHealth) market is experiencing rapid growth, with its size projected to increase from US$38.7 billion in 2024 to US$181.5 billion by 2031. This expansion is expected at a compound annual growth rate (CAGR) of 24.7% from 2024 to 2031, reflecting the increasing adoption of mobile and wearable technologies in healthcare. The market's growth is fueled by the widespread availability of smartphones and wearable devices, the rising need for remote healthcare services, and innovations in artificial intelligence (AI) and data analytics that help improve healthcare delivery and management.
The leading segment within the North American mobile health market is remote patient monitoring (RPM) devices, driven by the growing prevalence of chronic diseases and the increasing need for personalized healthcare solutions. Additionally, the United States holds the largest share in the market, thanks to its advanced healthcare system, high smartphone penetration, and significant investments in digital health solutions. Canada, however, is expected to exhibit the highest CAGR due to government-backed initiatives aimed at expanding digital health infrastructure and telemedicine adoption.
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Key Highlights from the Report
• The North American Mobile Health Market is projected to reach US$181.5 billion by 2031.
• The market is expected to grow at a CAGR of 24.7% from 2024 to 2031.
• Remote patient monitoring devices are expected to experience the fastest growth.
• The U.S. holds the largest share of the North American mHealth market.
• Wearable devices, including smartwatches and fitness trackers, are increasingly integrated into mHealth solutions.
• Canada is showing the highest CAGR in the mobile health market in North America.
Market Segmentation
The North America mobile health market is segmented into different categories based on service type, device type, and stakeholders. In terms of service type, monitoring services are the fastest-growing category, driven by the increasing demand for remote healthcare solutions, particularly for managing chronic diseases. These services include remote patient monitoring, teleconsultation, and post-acute care, all of which leverage mobile technology to provide continuous patient care outside traditional healthcare settings.
Regarding device types, remote patient monitoring (RPM) devices dominate the market, exhibiting significant growth due to the increasing adoption of wearable devices and the shift toward home-based healthcare. These devices enable healthcare providers to monitor patients' health metrics in real-time, which is particularly beneficial for chronic disease management and improving patient outcomes. The market for RPM devices is being propelled by advancements in technology, which allow for more precise and reliable health data collection.
Regional Insights
United States
The United States holds the largest share in the North American mobile health market, driven by its advanced healthcare system and a high rate of smartphone penetration. The demand for mHealth solutions is significantly driven by the high prevalence of chronic diseases, such as diabetes, heart disease, and respiratory conditions. Additionally, the U.S. government's investments in health technology and the digital health ecosystem further bolster the market's growth.
Canada
Canada, with its strong commitment to digital health, is expected to exhibit a notable CAGR in the coming years. Government initiatives, such as the "Pan-Canadian Health Information Exchange," have fostered the adoption of mobile health technologies. Canada also benefits from widespread smartphone ownership and access to high-speed internet, facilitating efficient use of mHealth applications.
Market Drivers
The growing adoption of smartphones and wearable devices is one of the primary drivers of the North American mobile health market. These devices, which monitor various health metrics such as heart rate, activity levels, and sleep patterns, provide users with convenient and continuous health data. mHealth apps, which are often linked to these devices, further enhance the functionality of smartphones by offering features such as medication reminders, remote consultations, and personalized health advice.
Moreover, technological advancements in mobile health applications, such as artificial intelligence (AI) and data analytics, are significantly contributing to the market's expansion. These technologies help process vast amounts of health data, offering predictive insights and personalized healthcare solutions that improve the quality of care and reduce healthcare costs.
Market Restraints
Despite the growth prospects, the North American mobile health market faces several challenges, particularly concerns over data privacy and security. mHealth apps collect highly sensitive personal health information, and the potential for data breaches has led to consumer hesitation in fully embracing these technologies. Privacy regulations like the Health Insurance Portability and Accountability Act (HIPAA) in the U.S. and the General Data Protection Regulation (GDPR) in Canada further complicate the regulatory landscape for developers.
Additionally, the complexity of integrating mobile health solutions into existing healthcare systems can impede market growth. Ensuring interoperability between different technologies, platforms, and healthcare providers remains a significant challenge, potentially hindering the widespread adoption of mHealth services.
Market Opportunities
The increasing prevalence of chronic diseases in North America presents a significant opportunity for mHealth companies. With an aging population and a high burden of chronic conditions, there is a growing demand for continuous monitoring and disease management solutions. mHealth technologies, such as remote patient monitoring and telehealth services, can play a crucial role in improving disease management and reducing the need for in-person visits, ultimately enhancing patient outcomes.
Moreover, the growing recognition of the benefits of mobile health solutions is likely to lead to more favorable reimbursement policies from insurance companies. As healthcare providers seek more efficient and cost-effective ways to manage patient care, mHealth technologies offer a valuable solution for improving the quality of care and reducing overall healthcare expenditures.
Reasons to Buy the Report
✔ Comprehensive Market Analysis: Get detailed insights into the North America mobile health market's size, growth trends, and future projections.
✔ Market Segmentation Insights: Understand the key market segments based on service types, device types, and stakeholders to make informed decisions.
✔ Competitive Landscape: Learn about the key players in the market and their strategies to stay ahead in this fast-evolving industry.
✔ Regional Insights: Understand the growth prospects of the mobile health market in different regions within North America.
✔ Strategic Growth Initiatives: Access valuable information on the strategies being implemented by major players in the industry, providing actionable insights for growth.
Frequently Asked Questions (FAQs)
• How Big is the North America Mobile Health Market?
• Who are the Key Players in the Global Market for Mobile Health?
• What is the Projected Growth Rate of the North America Mobile Health Market?
• What is the Market Forecast for the North America Mobile Health Market for 2031?
• Which Region is Estimated to Dominate the North America Mobile Health Industry through the Forecast Period?
Company Insights
Some of the leading companies operating in the North America mobile health market include:
• Veradigm (Allscripts Healthcare, LLC)
• Apple Inc.
• AT&T Inc.
• Oracle (Cerner Corporation)
• Boston Scientific Corporation
• Cisco Systems Inc.
• Koninklijke Philips N.V.
• Medtronic PLC
• MobileSmith
• Samsung Healthcare Solutions
• eClinicalWorks
• Care Innovations, LLC.
• Telus Health
Recent Developments
• AmerisourceBergen launched DTx Connect in July 2022, a fully integrated platform aimed at improving patient access to digital medicines and diagnostics.
• University of Virginia (UVA) Health developed the HOPE app in May 2022 to provide effective remote care, particularly for patients facing behavioral health difficulties.
Conclusion
The North America mobile health market is poised for substantial growth, driven by advancements in mobile technology, increased smartphone and wearable device usage, and the growing need for remote healthcare solutions. As chronic diseases become more prevalent and healthcare systems continue to evolve, mHealth applications and devices will play a critical role in delivering personalized, accessible, and cost-effective healthcare services across the region. However, market players must address concerns around data privacy and security to foster greater adoption and ensure continued success in the evolving landscape.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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