Report Code: CMI41724

Published Date: February 2024

Pages: 320+

Category: Healthcare

Report Snapshot

CAGR: 17.6%
71.5B
2022
73.9B
2023
374.6B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Apple Inc.
  • Google LLC
  • Fitbit Inc.
  • Samsung Electronics Co. Ltd.
  • Garmin Ltd.
  • Philips Healthcare
  • Others

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Reports Description

Global mHealth Market was valued at USD 73.9 Billion in 2023 and is expected to reach USD 374.6 Billion by 2032, at a CAGR of 17.6% during the forecast period 2023 – 2032.

MHealth, which stands for “mobile health,” is the use of handheld devices that include smartphones, tablets, and wearable devices in healthcare to assist medical and public health practices. It includes a wide range of applications, such as medical information distribution, remote patient monitoring, providing medical services, and data collecting and analysis.

mHealth Market: Growth Factors

Growing penetration of 4G networks

4G networks enable quicker and more dependable connectivity, allowing healthcare practitioners to offer real-time remote monitoring, telemedicine consultations, and other health-related services to patients regardless of their location.

This enhanced connectivity increases the accessibility and simplicity of mHealth solutions, allowing for better healthcare delivery and patient involvement. Large medical data files, such as photos, videos, and electronic health records, may be sent seamlessly over 4G networks, allowing healthcare professionals and patients to communicate more efficiently.

Furthermore, 4G networks’ higher bandwidth and reduced latency allow for the creation and adoption of more complex mHealth applications such as smartwatches, remote medical diagnostics, and health tracking apps, driving innovation and market growth in the mHealth industry.

Overall, the increasing penetration of 4G networks plays an important role in pushing the adoption and advancement of mHealth solutions, ultimately improving healthcare access and outcomes. For instance, according to the current Nokia MBiT 2022 research, 4G data traffic increased at a CAGR of 53% between 2017 and 2021.

This has led in India having 742 million 4G customers by the end of 2021, compared to 432 million in 2018.  Throughout the telecom circle categories, the 4G payload contributed 98-99% of the total data payload.

Rise in prevalence of chronic cardiac diseases

The rising incidence of chronic cardiac disorders is a crucial driver of the mobile health (mHealth) market for a variety of reasons. To begin, mHealth technologies include remote monitoring services that allow continuous surveillance of vital indicators such as heart rate, blood pressure, and ECG data, allowing for early diagnosis of cardiac abnormalities and improved chronic disease treatment.

Furthermore, mHealth platforms offer tools for self-management such as reminders for medications, nutritional tracking, and cardiac-specific exercise routines, allowing people to adopt a more proactive approach to their health.

In addition, telemedicine offerings within mHealth enable patients to consult with medical professionals remotely, lessening the strain on healthcare facilities and providing access to specialized cardiac care, especially in rural or underserved regions.

For instance, India exhibits one of the highest rates of cardiovascular disease (CVD) worldwide. The yearly number of CVD fatalities in India is expected to reach 4.77 million by 2020. Coronary heart disease prevalence rates in India were calculated throughout the last few decades, ranging from 1.6% to 7.4% in rural populations and 1% to 13.2% in metropolitan areas.

The New Delhi Birth Cohort offers a unique opportunity to study the prevalence of CVD risk factors among a young, urban Indian population. The incidence of CVD risk factors in 1,100 cohort members throughout 7 years, with a mean age of 29 to 36 years, and baseline variables linked to higher risk.

mHealth Market: Restraints

Concerns regarding data theft

Due to the sensitive nature of personal health information, data theft worries can have a substantial impact on the mHealth (mobile health) business. Consumers and healthcare practitioners are increasingly depending on mobile devices and apps to access and manage health data, such as electronic health records, diagnostic information, and treatment plans.

However, concerns about data breaches and illegal access to this information create substantial impediments to adoption. Furthermore, severe rules like as HIPAA in the United States place legal requirements on healthcare providers to protect patient data, complicating the use of mHealth technology.

Resolving these issues via strong data encryption, authentication systems, and compliance with privacy legislation is critical for building confidence and encouraging wider acceptance of mHealth solutions.

Global mHealth Market 2023–2032 (By Service)

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mHealth Market: Opportunities

Growing rate of geriatric population

The expanding senior population is a major driver of the mHealth (mobile health) business. Because older persons often have higher healthcare requirements and are more susceptible to chronic diseases, there is more market for remote management and monitoring solutions to support their health and wellness.

mHealth technologies give seniors simple access to healthcare services, allowing them to monitor vital signs, manage prescription adherence, and contact clinicians remotely.

Furthermore, the older population frequently experiences mobility issues, making regular healthcare visits difficult. mHealth technologies provide remote consultations and telemedicine visits, increasing older individuals’ access to treatment.

Furthermore, features like as medicine reminders and health tracking applications cater to the special demands of the senior population, hence improving their overall quality of life.

For instance, according to the estimate, there were approximately 149 million people aged 60 and up in 2022, accounting for around 10.5% of the country’s population. And by 2050, this population will have doubled to 20.8%, totalling 347 million. By the end of the century, the elderly will form more than 36% of the overall population in India.

Global mHealth Market 2023–2032 (By Application)

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mHealth Market: Segmentation Analysis

The global mHealth market is segmented by device type, service, application, and region.  Based on device type, the market is classified into cardiac monitors, hemodynamic monitors, neurological monitors, respiratory monitors, temperature monitors, and others.

Cardiac monitors dominated the market in 2022 with a market share of 35% and are expected to keep their dominance during the forecast period 2024-2032. Cardiac disorders are prevalent all over the world, thus regular monitoring is essential for patient care.

Portable cardiac monitors enable individuals to track their heart health remotely, improving convenience and adherence to monitoring guidelines. Furthermore, technological improvements have resulted in the introduction of wearable cardiac monitors that work smoothly with smartphones and other mobile devices.

These monitors give real-time data and alarms, allowing patients to take preventative steps and healthcare practitioners to respond quickly. In addition, the rising focus on preventative healthcare and the trend toward remote patient monitoring, notably during the COVID-19 epidemic, has expedited the use of heart monitors as part of integrated mHealth.

Based on service, the market is classified into monitoring services, diagnostic services, and treatment services. Monitoring services dominated the market in 2022 with a market share of 55% and are expected to keep their dominance during the forecast period 2024-2032.

Monitoring services are a key component of the mobile health (mHealth) business, accelerating its growth through a variety of ways. These services provide remote monitoring of a variety of health markers, allowing people to track their health state easily and continually.

Remote monitoring solutions give consumers with real-time data on vital signs, chronic diseases, and fitness measurements, increasing their understanding and allowing for proactive health management.

Furthermore, monitoring services frequently use wearables, smart sensors, and mobile apps to gather and communicate health data to healthcare practitioners or centralized platforms. This technological integration improves accessibility and convenience by allowing people to manage their health at any time and from any location.

Based on application, the market is classified into cardiovascular, diabetes, respiratory, neurology and others. The cardiovascular segment dominated the market in 2022 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.

Cardiovascular health is an important catalyst of the mobile health (mHealth) sector for various reasons. Cardiovascular diseases continue to be the primary cause of death globally, necessitating a greater emphasis on preventative measures and remote monitoring technologies.

mHealth technologies provide individuals with accessible and scalable tools for monitoring their cardiovascular health in real time, allowing for early detection of abnormalities and preventive risk management.

Smartwatches equipped with cardiovascular monitoring capabilities, such as heart rate monitors and electrocardiograms (ECG), are becoming more common. These gadgets interact easily with smartphone applications, allowing users to continually monitor their heart health and gain tailored insights.

In addition, mHealth technologies provide remote patient monitoring and telemedicine visits for persons with cardiac conditions, enhancing access to care and allowing for timely interventions.

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 2023
Forecast Period 2024-2033
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.

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.

Global mHealth Market 2023–2032 (By Billion)

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mHealth Market: Recent Developments

  • In March 2023, Astellas Pharma Inc. declared that it had entered into an agreement with Roche Diabetes Care Japan Co., Ltd. for the research and development and commercialization of Roche Diabetes Care’s world-renowned Accu-Chek Guide Me blood glucose monitoring system that offers superior accuracy as a combined medical product with BlueStar.
  • In April 2023, Conifer Health Solutions announced an alliance to introduce Conifer Connect, a personalized digital health app designed to help people handle their daily health while strengthening connections with their medical nurse (PHN).
  • In November 2022, OMRON Healthcare announced a collaboration with CardioSignal to advance early cardiovascular disease diagnosis and remote monitoring of patients at scale. As a first outcome of the partnership, CardioSignal mobile health applications linked to OMRON may identify indicators of atrial fibrillation.

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

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

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

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global MHealth Market, (2024 – 2033) (USD Billion)
    • 2.2 Global MHealth Market: snapshot
  • Chapter 3. Global MHealth Market – Industry Analysis
    • 3.1 MHealth Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing penetration of 4G networks
      • 3.2.2 Rise in prevalence of chronic cardiac diseases
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Device Type
      • 3.7.2 Market Attractiveness Analysis By Service
      • 3.7.3 Market Attractiveness Analysis By Application
  • Chapter 4. Global MHealth Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global MHealth Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global MHealth Market – Device Type Analysis
    • 5.1 Global MHealth Market Overview: By Device Type
      • 5.1.1 Global MHealth Market Share, By Device Type, 2022 and – 2033
    • 5.2 Cardiac Monitors
      • 5.2.1 Global MHealth Market by Cardiac Monitors, 2024 – 2033 (USD Billion)
    • 5.3 Hemodynamic Monitors
      • 5.3.1 Global MHealth Market by Hemodynamic Monitors, 2024 – 2033 (USD Billion)
    • 5.4 Neurological Monitors
      • 5.4.1 Global MHealth Market by Neurological Monitors, 2024 – 2033 (USD Billion)
    • 5.5 Respiratory Monitors
      • 5.5.1 Global MHealth Market by Respiratory Monitors, 2024 – 2033 (USD Billion)
    • 5.6 Temperature Monitors
      • 5.6.1 Global MHealth Market by Temperature Monitors, 2024 – 2033 (USD Billion)
    • 5.7 Other
      • 5.7.1 Global MHealth Market by Other, 2024 – 2033 (USD Billion)
  • Chapter 6. Global MHealth Market – Service Analysis
    • 6.1 Global MHealth Market Overview: By Service
      • 6.1.1 Global MHealth Market Share, By Service, 2022 and – 2033
    • 6.2 Monitoring Services
      • 6.2.1 Global MHealth Market by Monitoring Services, 2024 – 2033 (USD Billion)
    • 6.3 Diagnostic Services
      • 6.3.1 Global MHealth Market by Diagnostic Services, 2024 – 2033 (USD Billion)
    • 6.4 Treatment Services
      • 6.4.1 Global MHealth Market by Treatment Services, 2024 – 2033 (USD Billion)
  • Chapter 7. Global MHealth Market – Application Analysis
    • 7.1 Global MHealth Market Overview: By Application
      • 7.1.1 Global MHealth Market Share, By Application, 2022 and – 2033
    • 7.2 Cardiovascular
      • 7.2.1 Global MHealth Market by Cardiovascular, 2024 – 2033 (USD Billion)
    • 7.3 Diabetes
      • 7.3.1 Global MHealth Market by Diabetes, 2024 – 2033 (USD Billion)
    • 7.4 Respiratory
      • 7.4.1 Global MHealth Market by Respiratory, 2024 – 2033 (USD Billion)
    • 7.5 Neurology
      • 7.5.1 Global MHealth Market by Neurology, 2024 – 2033 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global MHealth Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. MHealth Market – Regional Analysis
    • 8.1 Global MHealth Market Regional Overview
    • 8.2 Global MHealth Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America MHealth Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America MHealth Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America MHealth Market, by Device Type, 2024 – 2033
      • 8.4.1 North America MHealth Market, by Device Type, 2024 – 2033 (USD Billion)
    • 8.5 North America MHealth Market, by Service, 2024 – 2033
      • 8.5.1 North America MHealth Market, by Service, 2024 – 2033 (USD Billion)
    • 8.6 North America MHealth Market, by Application, 2024 – 2033
      • 8.6.1 North America MHealth Market, by Application, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe MHealth Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe MHealth Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe MHealth Market, by Device Type, 2024 – 2033
      • 8.8.1 Europe MHealth Market, by Device Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe MHealth Market, by Service, 2024 – 2033
      • 8.9.1 Europe MHealth Market, by Service, 2024 – 2033 (USD Billion)
    • 8.10 Europe MHealth Market, by Application, 2024 – 2033
      • 8.10.1 Europe MHealth Market, by Application, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific MHealth Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific MHealth Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific MHealth Market, by Device Type, 2024 – 2033
      • 8.12.1 Asia Pacific MHealth Market, by Device Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific MHealth Market, by Service, 2024 – 2033
      • 8.13.1 Asia Pacific MHealth Market, by Service, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific MHealth Market, by Application, 2024 – 2033
      • 8.14.1 Asia Pacific MHealth Market, by Application, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America MHealth Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America MHealth Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America MHealth Market, by Device Type, 2024 – 2033
      • 8.16.1 Latin America MHealth Market, by Device Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America MHealth Market, by Service, 2024 – 2033
      • 8.17.1 Latin America MHealth Market, by Service, 2024 – 2033 (USD Billion)
    • 8.18 Latin America MHealth Market, by Application, 2024 – 2033
      • 8.18.1 Latin America MHealth Market, by Application, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa MHealth Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa MHealth Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa MHealth Market, by Device Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa MHealth Market, by Device Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa MHealth Market, by Service, 2024 – 2033
      • 8.21.1 The Middle-East and Africa MHealth Market, by Service, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa MHealth Market, by Application, 2024 – 2033
      • 8.22.1 The Middle-East and Africa MHealth Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Apple Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Google LLC
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Fitbit Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Samsung Electronics Co. Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Garmin Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Philips Healthcare
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Cerner Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Medtronic plc
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Dexcom Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Omada Health Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Livongo Health
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Allscripts Healthcare Solutions Inc.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 IBM Watson Health
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 GE Healthcare
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Qualcomm Incorporated
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 McKesson Corporation
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Bayer AG
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Nokia Health
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 athenahealth Inc.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Teladoc Health Inc.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments

List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • 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

FAQs

The restraints of the Mhealth market is concerns regarding data theft.

The major driver for the Mhealth market is growing penetration of 4G networks and rise in prevalence of chronic cardiac diseases.

The “Cardiac Monitors” category dominated the market in 2022.

The key players in the market are 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.

“North America” had the largest share in the Mhealth Market.

The global market is projected to grow at a CAGR of 17.6% during the forecast period, 2023-2032.

The Mhealth Market size was valued at USD 73.9 Billion in 2023.

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