Mobile Health (mHealth) Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Mobile Health (mHealth) Market Size By 2025?_x000D_
In recent times, there has been swift expansion in the size of the mobile health (mhealth) market. It's projected to increase from $84.99 billion in 2024 to $99.72 billion in 2025, displaying a compound annual growth rate (CAGR) of 17.3%. The considerable growth witnessed in the historic period is due to factors like the surge in smartphone usage, the substantial growth of mHealth solutions, a rise in chronic disease incidents, escalating demand for remote supervision and management solutions, and increased endorsement of digital health and telemedicine._x000D_
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How Big Is the Mobile Health (mHealth) Market Size Expected to Grow by 2029?_x000D_
The market size of mobile health (mhealth) is projected to experience a swift expansion in the upcoming years. The anticipated size by 2029 is $186.69 billion, with a compound annual growth rate (CAGR) of 17.0%. This growth for the forecasted period is linked to the rising preference for home-based care solutions, integration of AI and machinery, and the 5G technology which offers quicker and more dependable connections. Heightened health and wellness awareness driving the increasing use of fitness apps and wearable devices also contribute to this growth. Key trends for this period are the surge in mergers and acquisitions, a shift towards more personalized mHealth applications, a growing association with electronic health records (EHR), an expected increase in focus on mHealth applications, and a heightened demand for mental health services._x000D_
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Which Key Market Drivers Powering Mobile Health (mHealth) Market Expansion and Growth?_x000D_
The escalating incidence of persistent or long-drawn health conditions, commonly referred to as chronic diseases, is likely to accelerate the surge of the mobile health (mHealth) market. There's a noted upswing in chronic diseases due to the extension in lifespan resultant from an aging population, leading to a greater occurrence of enduring health disorders. By providing monitoring tools, improving the dialogue with doctors, and promoting compliance with treatment, mHealth is instrumental in managing such diseases. For example, the National Health Service, a publicly funded healthcare system in England, reported that in June 2024, a total of 3,615,330 individuals registered with a GP had been diagnosed with non-diabetic hyperglycemia, also known as pre-diabetes, in 2023. This figure is notably higher than the 3,065,825 diagnosed in 2022, revealing a nearly fifth increase of 18%. As such, the escalating phenomenon of chronic diseases is a key progenitor in the surge of the mobile health (mHealth) market._x000D_
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Which Fast-Growing Trends Are Poised to Disrupt the Mobile Health (mHealth) Market?_x000D_
In the mobile health (mHealth) market, leading companies have been focusing on crafting whole-person care digital platforms with the goal of delivering comprehensive, personalized health care solutions. This type of digital health tool emphasizes holistic care, weaving together physical, mental, and emotional health services onto a singular platform. As an illustration, US-based health care firm, Teladoc Health, rolled out an all-encompassing digital health application in January 2023. It's designed to give users a streamlined healthcare experience, allowing access to primary care, mental health services, and chronic ailment management all through one account. It accommodates both English and Spanish speakers and offers user-friendly navigation, integrated doctor care plans, and synchronizes with in-person healthcare providers to guarantee comprehensive care._x000D_
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What Are the Emerging Segments in the Mobile Health (mHealth) Market?_x000D_
The mobile health (mhealth) market covered in this report is segmented - _x000D_
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1) By Type: Mobile Health (mHealth) Devices, Mobile Health (mHealth) Services_x000D_
2) By Application: Cardiovascular, Diabetes, Respiratory, Neurology, Other Applications_x000D_
3) By End-Use: Patients, Providers, Payers, Other End Users_x000D_
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Subsegments:_x000D_
1) By Mobile Health (mHealth) Devices: Wearable Devices, Mobile Health Applications, Diagnostic Devices, Remote Patient Monitoring Devices, Emergency and Alert Devices _x000D_
2) By Mobile Health (mHealth) Services: Telemedicine Services, Health and Wellness Services, Chronic Disease Management Services, Health Data Management Services, Education and Support Services _x000D_
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Who Are the Global Leaders in the Mobile Health (mHealth) Market?_x000D_
Major companies operating in the mobile health (mHealth) market are Apple Inc., Samsung Group, Huawei Technologies Co. Ltd., Oracle Corporation, Abbott Laboratories, Xiaomi Corporation, Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies, Omron Corporation, Garmin Ltd., Hill-Rom Holdings Inc., Dexcom Inc., Masimo Corporation, Nihon Kohden Corporation, Polar Electro Oy, Verily Life Sciences LLC, Withings S.A.S., Empatica Inc., TempTraq, LifeSense Group B.V. _x000D_
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Which are the Top Profitable Regional Markets for the Mobile Health (mHealth) Industry?_x000D_
North America was the largest region in the mobile health (mHealth) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile health (mHealth) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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