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mHealth Apps Market to Grow at a CAGR of 11.7% over 2024 to 2032; Surging Occurrence of Chronic Diseases to Bolster Market Growth: Fortune Business Insights™

July 29, 2024 | Healthcare

The global mHealth apps market size was USD 33.17 billion in 2023. The market is projected to grow from USD 36.68 billion in 2024 to USD 88.70 billion by 2032, exhibiting a CAGR of 11.7% during the forecast period. Fortune Business Insights™ presents this information in its report titled “mHealth Apps Market Size, Share & Industry Analysis, By App Type (Disease & Treatment Management {Healthcare Providers/Insurance, Medication Reminders, Women Health and Pregnancy, and Disease Specific}, Wellness Management {Fitness, Lifestyle and Stress, and Diet and Nutrition}, and Others), By Application (Monitoring Services, Fitness Solutions, Diagnostic Services, Treatment Services, and Others), By Market Place (Google Play Store, Apple App Store, and Others), and Regional Forecast, 2024-2032”.


mHealth is the use of mobile technology such as health apps and wearables to share and track health information. It makes diagnosis easier for medical professionals, reducing the likelihood of errors and allowing for faster diagnoses. The market is slated for significant growth as consumer demand for precise health monitoring rises, propelling pharmaceutical and mobile health app companies to innovate mHealth solutions.


The COVID-19 pandemic impact was positive for the market, marked by high number of downloads and launches in 2020. Soaring investments in digital tools led to a surge in mHealth app uptake in 2021, with usage trends set to continue upward throughout the study period.


Omada Health and Amazon Join Hands for Its Cardiometabolic Programs


In January 2024, Omada Health joined hands with Amazon Health Services, allowing 20 million members of Omada to enroll in the cardiometabolic programs of Omada. It will be instrumental in creating awareness and discovery of the cardiometabolic programs using Amazon’s Health Condition Programs. 


Rising Prevalence of Chronic Diseases to Bolster Market Growth


The increasing incidence of chronic diseases such as cardiac conditions, diabetes, hypertension, and respiratory ailments, drives the uptake of mHealth apps for regular checkups and continuous monitoring. Moreover, these apps offer essential features such as remote patient monitoring and frequent medication reminders, helping patients manage their health routines effectively and lowering the need for physical visits to specialists.


However, as per India Today’s news article, many villages, such as the 25,000 in India are without mobile or internet connectivity, face significant infrastructural challenges, restricting mHealth apps market growth.


Major Firms Are Introducing innovative products to Maintain Market Dominance


Amidst the highly fragmented global market, numerous startups join the fray, driven by the immense potential of this digital era. Leading the pack are tier 1 giants such as Google and Apple, leveraging top-notch ratings and extensive global user bases to maintain market dominance. Apple Inc.'s rollout of an updated Apple Fitness+ version with subscription services in October 2022 cements its market position.


List of Key Players Mentioned in the Report:



  • Fitbit Inc. (U.S.)

  • Apple Inc. (U.S.)

  • Omada Health, Inc. (U.S.)

  • Livongo Health (Teladoc) (U.S.)

  • Boston Scientific Corporation (U.S.)

  • Omron Healthcare, Inc. (Japan)

  •  Abbott (U.S.)

  • Jawbone Health Hub, Inc. (U.S.)


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


https://www.fortunebusinessinsights.com/mhealth-apps-market-102020


Key Industry Development:



  • December 2020: Apple Inc. unveiled the Apple Fitness+ application for its Apple watch with an aim to track and motivate the workout metrics of users.


Further Report Findings



  • In terms of app type, wellness management segment is slated to secure the maximum mHealth apps market share over the forecast period. The global increase in obesity rates, attributed to sedentary lifestyles and lack of physical activity, fuels the demand for these solutions aimed at healthy living.

  • By OS type, google play store segment is likely to capture a dominant share over the study period. The growing number of health app companies investing in the Google Play Store platform enhances its offerings and attracts more users, driving market growth.

  • North America is slated to lead the global mhealth apps market. The uptick in sedentary lifestyles due to demanding work schedules contributes to an increased incidence of chronic conditions, thereby fostering greater demand for mHealth applications in the region.


Table of Segmentation



















































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 11.7% from 2024 to 2032



Unit



Value (USD Billion)



Segmentation  


 



By App Type



  • Disease & Treatment Management


    • Healthcare Providers/Insurance

    • Medication Reminders 

    • Women Health & Pregnancy

    • Disease Specific


  • Wellness Management


    • Fitness

    • Lifestyle & Stress

    • Diet and Nutrition


  • Others



By Application



  • Monitoring Services

  • Fitness Solutions

  • Diagnostic Services

  • Treatment Services

  • Others



By Market Place



  • Google Play Store

  • Apple App Store

  • Others



By Region



  • North America (By App Type, By Application, By Market Place, By Country)

    • U.S.

    • Canada



  • Europe (By App Type, By Application, By Market Place, By Country/Sub-region)

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Scandinavia

    • Rest of Europe



  • Asia Pacific (By App Type, By Application, By Market Place, By Country/Sub-region)

    • Japan

    • China

    • India

    • Australia

    • Southeast Asia

    • Rest of Asia Pacific



  • Latin America (By App Type, By Application, By Market Place, By Country/Sub-region)

    • Brazil

    • Mexico

    • Rest of Latin America



  • The Middle East & Africa (By App Type, By Application, By Market Place, By Country/Sub-region)

    • GCC Countries

    • South Africa



  • Rest of the Middle East & Africa


mHealth Apps Market
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  • 2023
  • 2019-2022
  • 148

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