[Latest] Global mHealth Market Size/Share Worth USD 374.6

Austin, TX, USA, March 14, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “mHealth Market Size, Trends and Insights By Device Type (Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Temperature Monitors, Other), By Service (Monitoring Services, Diagnostic Services, Treatment Services), By Application (Cardiovascular, Diabetes, Respiratory, Neurology, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global mHealth Market size & share was valued at approximately USD 71.5 Billion in 2022 and is expected to reach USD 73.9 Billion in 2023 and is expected to reach a value of around USD 374.6 Billion by 2032, at a compound annual growth rate (CAGR) of about 17.6% during the forecast period 2023 to 2032.”

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mHealth Market: Overview

mHealth, or mobile health, is an advancement in healthcare delivery that uses mobile devices and wireless technology to alter many aspects of healthcare. Through patient monitoring to health education, mHealth provides a wide range of apps and services aimed at increasing access to healthcare, efficiency, and effectiveness.

The growing popularity of wearable gadgets and smartphones with health tracking capabilities is broadening the reach of mHealth solutions, allowing more people to check their health effortlessly. Furthermore, integrating computational intelligence (AI) and machine learning techniques into mHealth applications improves customized healthcare delivery by providing predictive analytics and preemptive treatments.

Finally, the COVID-19 epidemic has pushed the use of telemedicine and virtual care solutions, emphasized the value of distant healthcare delivery and drive further innovation in mHealth technology.

In addition, there is a rising emphasis on data privacy and security in mHealth, with legislation like GDPR and HIPAA pushing compliance efforts and protecting critical health information. In summary, these findings highlight mHealth’s transformational potential in increasing access to healthcare and efficiency.

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By device type, the cardiac monitor’s segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Cardiac monitors in the mHealth industry are becoming more wearable, with better ECG capacities, flawless smartphone connectivity, and AI-powered analytics for real-time heart health monitoring and tailored insights.

By services, the monitoring services segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Monitoring services in the mHealth industry are shifting toward remote patient monitoring, which uses wearable devices and mobile applications for continuous health tracking, telemedicine consultations, and tailored health treatments to improve healthcare accessibility and results.

By application, the cardiovascular segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Cardiovascular themes in the mHealth industry comprise the proliferation of wearable cardiac monitoring devices, smartphone integration for real-time information monitoring, and the creation of AI-driven algorithms for early risk detection.

In North America, important mHealth industry trends include increased telemedicine usage, the expansion of remote patient monitoring systems, a focus on data protection, and legislative support for digital health innovation.

Omada Health Partners has partnered with Castell, Intermountain Healthcare’s value-based care business, to offer clients the option of integrated virtual treatment.

Omada Health, a virtual, integrated chronic care healthcare provider, provides tailored treatment programs for diabetes management, prevention, hypertension, and musculoskeletal disorders. It collaborates with over 1,800 institutions, including health insurers, health systems, and employers.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 73.9 Billion
Projected Market Size in 2032	USD 374.6 Billion
Market Size in 2022	USD 71.5 Billion
CAGR Growth Rate	17.6% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Device Type, Service, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the mHealth report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the mHealth report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global mHealth market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global mHealth industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

What is the size of the mHealth market and what is its expected growth rate?
What are the primary driving factors that push the mHealth market forward?
What are the mHealth Industry's top companies?
What are the different categories that the mHealth Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the mHealth market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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mHealth Market: Regional Analysis

By region, mHealth market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Mhealth market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

North America is a significant driving factor in the growth of the mobile health (mHealth) industry for a variety of reasons. For instance, the area has excellent healthcare infrastructure, high smartphone penetration rates, and ubiquitous internet access, all of which contribute to a favourable environment for mobile health uptake.

North America has a strong regulatory framework and laws that encourage digital health innovation and investment. Regulatory organizations, such as the FDA, establish clear criteria for the development and approval of mHealth solutions, building trust in stakeholders and propelling industry growth.

Additionally, the area is home to several top technology businesses and healthcare providers who actively participate in mHealth efforts, hence boosting development and broadening the reach of mHealth apps.

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Browse the full “mHealth Market Size, Trends and Insights By Device Type (Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Temperature Monitors, Other), By Service (Monitoring Services, Diagnostic Services, Treatment Services), By Application (Cardiovascular, Diabetes, Respiratory, Neurology, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/mhealth-market/

List of the prominent players in the mHealth Market:

Apple Inc.
Google LLC
Fitbit Inc.
Samsung Electronics Co. Ltd.
Garmin Ltd.
Philips Healthcare
Cerner Corporation
Medtronic plc
Dexcom Inc.
Omada Health Inc.
Livongo Health
Allscripts Healthcare Solutions Inc.
IBM Watson Health
GE Healthcare
Qualcomm Incorporated
McKesson Corporation
Bayer AG
Nokia Health
athenahealth Inc.
Teladoc Health Inc.
Others

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The mHealth Market is segmented as follows:

By Device Type

Cardiac Monitors
Hemodynamic Monitors
Neurological Monitors
Respiratory Monitors
Temperature Monitors
Other

By Service

Monitoring Services
Diagnostic Services
Treatment Services

By Application

Cardiovascular
Diabetes
Respiratory
Neurology
Others

Click Here to Get a Free Sample Report of the Global mHealth Market @ https://www.custommarketinsights.com/report/mhealth-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This mHealth Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This mHealth Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the mHealth Market? What Was the Capacity, Production Value, Cost and PROFIT of the mHealth Market?
What Is the Current Market Status of the mHealth Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of mHealth Market by Considering Applications and Types?
What Are Projections of the Global mHealth Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is mHealth Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On mHealth Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of mHealth Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for mHealth Industry?

Click Here to Access a Free Sample Report of the Global mHealth Market @ https://www.custommarketinsights.com/report/mhealth-market/

Reasons to Purchase mHealth Market Report

mHealth Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
mHealth Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
mHealth Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
mHealth Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global mHealth market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium mHealth Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/mhealth-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide mHealth market analysis.

The competitive environment of current and potential participants in the mHealth market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide mHealth market should find this report useful. The research will be useful to all market participants in the mHealth industry.
Managers in the mHealth sector are interested in publishing up-to-date and projected data about the worldwide mHealth market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in mHealth products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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