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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:
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:
Further Report Findings
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
|
By Application
| |
By Market Place
| |
By Region
|