mHealth apps market
Healthcare Services

What Will The MHealth Apps Market Look Like In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s mHealth apps market report forecasts the mHealth apps market size to grow to $136.64 Billion by 2027, with a CAGR (compound annual growth rate) of more than 24%.

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MHealth Apps Market Size Forecast
The global mHealth apps market is expected to grow from $45.31 billion in 2022 to $56.77 billion in 2023 at a compound annual growth rate (CAGR) of 25.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mhealth apps market size is expected to grow to $136.64 billion in 2027 at a CAGR of 24.6%.

North America held the largest mHealth apps market share, and Asia-Pacific was the fastest-growing region in 2022.

Key MHealth Apps Market Driver ­– Increase In Publicity Of Mhealth Applications Due To Their Increasing Benefits To Improving Patient Disease State
According to Healthcare Information and Management Systems Society, a health app is regularly used by nearly 64% of adults in the United States to measure health metrics. Further, a new study by BMJ in 2021 reported that the Google Play store has nearly 2% of mHealth apps. mHealth apps are being used to improve the treatment and provide information that is easily accessible. Health care professionals are using these health applications for educating the patient and also for self-monitoring. Therefore, the increasing publicity of mHealth applications due to their increasing benefits to improve patient care is driving the growth of the mHealth app market.

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Key MHealth Apps Market Trend – Adopting Artificial Intelligence And 5G
Artificial intelligence is human intelligence that is processed by machines such as computers and focuses on learning, reasoning, and self-correction and AI is adopting 5G to improve customer experiences. The advancement in artificial intelligence (AI) and 5G has been introducing new opportunities for service providers. Artificial intelligence plays a major role to improve customer service and creating new challenges and even solves network complexities. Companies are launching AI platforms to enhance customer experiences. For example, in January 2020, Babylon Health, a UK-based digital health service provider announced that they are developing an AI-integrated health application to serve 300,000 people in England.

MHealth Apps Market Segment
1) By App Type: Disease And Treatment Management, Wellness Management, Other App Types
2) By Connected Medical Devices: Heart Rate Meters, Wearable Fitness Sensor Device, Blood Pressure Monitors, Pulse Oximeters, Other Connected Medical Devices
3) By Application: Monitoring Services, Fitness Solutions, Diagnostic Services, Treatment Services, Other Applications
4) By End-User: Physicians, Patients, Insurance Companies, Research Centers, Pharmacy, Biopharmaceutical Companies, Government, Tech Companies, Other End-Users

MHealth Apps Market Major Players and Strategies
Major players in the mHealth apps market are Omron Healthcare Inc., Johnson and Johnson, BioTelemetry Inc., Bristol-Myers Squibb Company, Qualcomm Technologies Inc., Diversinet Corp., Medtronic MiniMed, Agamatrix Inc., Apple Inc., Pfizer Inc., GlaxoSmithKline plc, Merck and Co. Inc., Novartis AG, Abbott Laboratories, AstraZeneca PLC., Sanofi, Ovia Health, Livongo Health, Orange, Sony, F. Hoffmann-La Roche Ltd., Allscripts, Jawbone Health Hub Inc., Boston Scientific Corporation, Withings S.A., iHealth Labs Inc., Nutrimedy, and Dr. Pad.

In February 2021, Philips, a Netherlands-based health technology company offering mHealth apps based acquired BioTelemetry Inc. for an undisclosed amount. With this acquisition, Philips aims to transform the health continuum along with the delivery of care with integrated solutions. The acquisition will offer the patient care management portfolio with cardiac diagnostics and monitoring. Biotelemetry Inc is a health technology company engaged in offering mHealth apps.

The MHealth Apps Global Market Report 2023 covers regional data on mHealth apps market size, mHealth apps market trends and drivers, opportunities, strategies, and mHealth apps market competitor analysis. The countries covered in the mHealth apps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

mHealth apps are wearable devices and health tracking apps used to monitor and share health information by using mobile technology. mHealth apps include clinical and diagnostic apps, remote monitoring apps, healthy-living apps, clinical reference apps, and productivity apps. These apps are used to monitor and collect community data and clinical data by healthcare providers.

View More Reports Related To The MHealth Apps Market –
Digital Health Global Market Report 2023
Telehealth Global Market Report 2023
Connected Health And Wellness Solutions Global Market Report 2023

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