mHealth Market to Surge at a CAGR of 13.1% over 2024 to 2032; Neuranics Launched a Wearable MCG Development Platform to Strengthen Market Presence

The global mHealth market size stood at USD 83.17 billion in 2023. The market value is slated to rise from USD 93.12 billion in 2024 to USD 249.05 billion by 2032 at a CAGR of 13.1% during 2024-2032.

Fortune Business Insights™ presents this information in its report titled “mHealth Market Size, Share & Industry Analysis, By Category (Mobile Applications {Disease & Treatment Management [Healthcare Providers/Insurance, Medication Reminders, Women Health and Pregnancy, Disease Specific], Wellness Management [Fitness, Lifestyle and Stress, Diet and Nutrition] and Others} and Wearables {Body & Temperature Monitors, Sleep Trackers, Fitness Trackers, Glucose Monitors, BP Monitors, Cardiac Monitors and Others}), By Service Type (Monitoring Services, Fitness and Wellness Solutions, Diagnostic Services, Treatment Services, and Other Services), By Service Provider (mHealth App Companies, Pharmaceutical Companies, Hospitals, Health Insurance Providers, and Others), and Regional Forecast, 2024-2032”.

mHealth solutions are used across various applications such as healthcare supply chain management, diagnostic & treatment support, education & awareness, chronic disease management, remote monitoring, and others. The market’s growth is being favored by the rising demand for home-based remote patient monitoring services across various regions.

The COVID-19 pandemic period witnessed an increase in the adoption of mobile-based health apps owing to the postponement of elective body check-ups and restrictions on movement.   

Samsung Electronics Added a New Feature to the Samsung Health App to Provide Comprehensive Health Management

In December 2023, Samsung Electronics announced the addition of a new feature focused on ‘Medications tracking’ to the Samsung Health app. The feature was launched for aiding users in comprehensive health management. This would help users keep track of their over-the-counter and prescription medications. In addition, it would offer relevant information regarding these medications.

Industry Value to Surge Impelled by Escalating Preference for Remote Patient Monitoring Solutions

There has been a mounting preference for the adoption of remote patient monitoring systems. This can be attributed to the outbreak of highly infectious diseases across various regions. The versatility and convenience offered by these devices are the major aspects driving their adoption.

However, personal data breach concerns could hamper product adoption, thereby stifling the mHealth market growth.

Leading Industry Participants Develop and Roll out New Solutions to Establish a Strong Market Footing

Major industry participants are focused on the development and launch of new products to gain a strong footing in the market. Such initiatives are being undertaken by companies to outpace their rivals and increase their mHealth market share. Omron Healthcare, Inc., and Boston Scientific Corporation are a few of the leading companies in the market.

Key Players Profiled in the Report:

• Fitbit, Inc. (U.S.)


• Apple Inc. (U.S.)


• DEXCOM, Inc. (U.S.)


• Koninklijke Philips N.V. (Netherlands)


• Omada Health, Inc. (U.S.)


• Teladoc Health, Inc. (U.S.)


• Boston Scientific Corporation (U.S.)        


• Omron Healthcare, Inc. (Japan)


• SAMSUNG (South Korea)


• BD (U.S.)   

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/mhealth-market-100266

Key Industry Development

• December 2023 – Neuranics announced the launch of a wearable MCG (magnetocardiography) development platform. Through the rollout, the company intends to consolidate their global presence.

Further Report Findings:

• In 2023, North America’s market size stood at USD 25.23 billion. The region bagged a leading share in the global mHealth market impelled by the growing number of ASCs and hospitals in Canada and the U.S.


• Asia Pacific is set to record exponential growth over the forecast period. The rising elderly population and soaring prevalence of chronic diseases are among the major factors driving regional expansion.


• By category, the market is subdivided into wearables and mobile applications. The mobile applications segment registered a prominent market share in 2023 fueled by the increasing emphasis of pivotal players on the launch of advanced apps.

Table of Segmentation