The global mhealth market size is projected to worth around US$ 152.2 Billion by 2026 and expected to showcase 26.1% CAGR during the forecast period 2018 to 2026.
The market is driven by increasing in need for digitalization especially in healthcare sector and also increase in number of chronic illness throughout the globe.
Report coverage
Market | mHealth Market |
Analysis Period | 2015 - 2026 |
Base Year | 2017 |
Forecast Data | 2018 - 2026 |
Segments Covered | By Services, By Technology, By Participants and By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Vodafone Group, AllScripts Healthcare Solutions, Apple Inc., AirStrip Technologies, Qualcomm Inc., mQure, Softserve, Telefonica, Orange, Google Inc., Samsung Electronics, and AT&T. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope | 10 hrs of free customization and expert consultation |
Market Dynamics
Surge in adoption to technology in healthcare industry is the key reason for the growth of the mhealth market. Also, supportive government regulation to promote digitalization in healthcare sector is optimistically impacting the growth of the mhealth market and is anticipated to push the growth of mhealth market during the forecast period. mhealth technological invention, which has bridged the unsought gap between healthcare industry and digital technology. The emergence of these ‘healthcare-cum-technology’ devices have addressed the soaring need for better technology solution such as mhealth.
Market Insights
The global mhealth market is expected to register substantial growth in the near future, attributed to a growing geriatric population, increasing occurrence of chronic diseases, and growing penetration of internet subscribers and smartphones. Technological progressions and development are leading to services revolutions in the area of mhealth, which is driving the growth of the market. Increasing preference towards preventive healthcare and consequently increasing subscription to mhealth apps have been driving the growth of the industry during the forecasted time frame.
Market Classification
The global mhealth market is segmented into four major segment named services, participants, and region. On the basis of services the mhealth market is segmented into monitoring services, diagnosis services, healthcare systems strengthening services and others. These monitoring services are further bifurcated into independent aging solutions and chronic disease management and post-acute care services. On the basis of the participants the global mhealth market is segmented into mobile operators, device vendors, content players, and healthcare providers. On the basis of region the global mhealth market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Regional Insights
In 2018, Europe captured largest revenue share and the region is projected to continue its dominance over the forecast period as the region is highly active towards the adoption of latest technology in healthcare sector. Other regions for the growth of the Europe mhealth market are high per capita healthcare expenditure, rising geriatric population and consequently increasing chronic diseases.
North America is projected to be the second fastest-developing market for mhealth. Augmented incidence of chronic diseases and incidence of a huge target population base are the key parameter increasing demand for mhealth in the region. Asia Pacific region is anticipated to capture high CAGR during the forecast period. This is due to increasing awareness about digital healthcare facilities.
Market Participants
The major players associated with the mhealth market are Vodafone Group, AllScripts Healthcare Solutions, Apple Inc., AirStrip Technologies, Qualcomm Inc., mQure, Softserve, Telefonica, Orange, Google Inc., Samsung Electronics, and AT&T. Most of these above mentioned players put emphasis on new services launch and technological expansion, mergers & acquisitions, and strategic partnership activities as part of their commercial expansion strategies. Organizations associated with mhealth market are constantly concentrating on research and development to cater best to the clients and facilitate best technology to healthcare sector.
Market Segmentation
Market By Services
Market By Technology
Market By Participants
Market By Geography
mHealth is the practice of medicine and health care over mobile devices, tablets, PDAs, and computers.
The mHealth market is driven by increasing in need for digitalization especially in healthcare sector and also increase in number of chronic illness throughout the globe.
According to Acumen Research and Consulting, the mhealth market value is anticipated to be worth around US$ 152.2 billion in 2026.
The mhealth market is anticipated to grow over 26.1% CAGR during the forecast period 2019 to 2026.
The global mhealth market is expected to register substantial growth in the near future, attributed to a growing geriatric population, increasing occurrence of chronic diseases, and growing penetration of internet subscribers and smartphones.
Europe held maximum share in 2018 for mhealth market.
The major players associated with the mhealth market are Vodafone Group, AllScripts Healthcare Solutions, Apple Inc., AirStrip Technologies, Qualcomm Inc., mQure, Softserve, Telefonica, Orange, Google Inc., Samsung Electronics, and AT&T.