mHealth Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031

Global mHealth market is anticipated to grow at a significant CAGR of 9.5% during the forecast period (2024-2031). The rising demand for health care is the primary driver of the adoption of mHealth applications and services. mHealth solutions empower patients to actively participate in managing their health. The demand for personalized, convenient, and accessible healthcare services drives the adoption of mHealth solutions. The rising awareness regarding the availability of mHealth applications is expected to propel the market growth during the forecast period.

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Recent Developments in the mHealth Market

• In October 2023, GNC, a global retailer selling health and nutrition products, launched a virtual care service offering members three tiers of care. The three membership tiers are GNC Health Basic, GNC Health Plus, and GNC Health Premier. The service also provides access to more than 400 eligible prescription medications.

• In March 2023, Apple Inc., a multinational technology company, announced plans to upgrade AirPods with health tracking features, including temperature monitors, motion detectors, and biometric sensors to detect perspiration and heart rate, by 2025.

• In May 2023, GenomSys mHealth initiatives in Italy demonstrated the efficacy of using mobile devices to deliver health solutions economically.

• In March 2023, Google introduced an open-source initiative called Open Health Stack, which aims to assist developers in creating health-related applications that integrate AI (Artificial Intelligence) partnerships to improve cancer screening.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-

o             By Product

o             By Service

o             By Application

• Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape- 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global mHealth Market Report Segment

By Product

• Medical Device

o             Blood Glucose Meters

o             Blood Pressure Monitors

o             Pulse Oximetry

o             Neurological Monitoring Devices

o             Apnea And Sleep Monitoring Devices

o             Heart Rate Monitors

o             Wearable Fitness Sensor Devices

• Medical & Healthcare Applications

o             General Health And Fitness Apps

o             Chronic Care Management Apps

o             Medication Management Apps

o             Patient Management & Monitoring Apps

By Service

• Diagnosis Services
• Monitoring Services
• Prevention Services
• Treatment Services
• Fitness and Wellness Services

By Application

• Diabetes
• Respiratory Diseases
• Neurological Diseases
• Cardiovascular Diseases

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