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What Growth Rate Can Be Expected in the Mobile Health (mHealth) Market from 2024 Through 2033?

In recent times, the mobile health (mHealth) market has seen a significant expansion. Its size is projected to surge from $72.69 billion in 2023 to $84.99 billion in 2024, with a compound annual growth rate (CAGR) of 16.9%. Factors such as an increase in smartphone usage, the proliferation of mHealth solutions, a rise in chronic illness cases, growing need for remote monitoring and management solutions, as well as an upswing in the endorsement of digital health and telemedicine have contributed to this historical growth period.

The market for mobile health (mHealth) is predicted to experience substantial expansion in the upcoming years, ballooning to a size of $159.66 billion by 2028, with a compound annual growth rate (CAGR) of 17.1%. This anticipated growth in the forecast period is attributable to factors such as a growing interest in home-based care systems, the inclusion of AI and machine, 5G technology offering quicker and dependable connections, heightened consciousness of health and wellness, and increased usage of fitness applications and wearable devices. During the forecast period, significant trends are projected to include a surge in mergers and acquisitions, a move towards more personalised mHealth applications, an increased integration with electronic health records (EHR), expected increase in focus on mHealth applications, and a rising demand for mental health services.

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What Dynamics Are Shaping the Growth of the mobile health (mhealth) Market?

The escalating occurrence of chronic illnesses is set to fuel the expansion of the mHealth market in the future. Chronic diseases are enduring health issues lasting a year or more, often needing continual medical care or affecting everyday life. A larger aging population, resulting in more prolonged health conditions, is causing an increase in chronic diseases. mHealth aids chronic disease management by providing health monitoring facilities, enhancing doctor-patient communication, and facilitating adherence to treatment. For example, data from the National Health Service, England’s public healthcare system, showed that in June 2024, 3,615,330 individuals registered with a GP were detected to have non-diabetic hyperglycemia or pre-diabetes in 2023, a surge from 3,065,825 in 2022, representing an almost one-fifth (18%) increase. Consequently, the growing occurrence of chronic diseases is steering the growth of the mHealth market.

What Are the Essential Segments of the Mobile Health (mHealth) Market?

1) By Type: Mobile Health (mHealth1) Devices, Mobile Health (mHealth1) Services

2) By Application: Cardiovascular, Diabetes, Respiratory, Neurology, Other Applications

3) By End-Use: Patients, Providers, Payers, Other End Users

What Are the Defining Trends in the Evolving Mobile Health (mHealth) Market?

Leading businesses in the mHealth market are pushing for the creation of all-inclusive care digital applications in a bid to offer a holistic and tailor-made healthcare solution. An all-inclusive digital healthcare app is a platform that integrates physical, mental, and emotional health care services. For example, Teladoc Health, an American healthcare corporation, introduced a totally integrated digital health app in January 2023. This application offers a fully unified healthcare experience that allows users to use one account to access primary care, mental health services, and handle chronic conditions. The digital app, available in English and Spanish, is characterized by user-friendly navigation, coordinated physician care plans, and harmonization with in-person providers to guarantee comprehensive healthcare.

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Which Regions Are Emerging as Leaders in the Mobile Health (mHealth) Market?

North America was the largest region in the mobile health (mHealth) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile health (mHealth) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Mobile Health (mHealth) Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mobile health (mhealth) market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Mobile Health (mHealth) Market Include

1. Mobile Health (mHealth) Market Executive Summary

2. Mobile Health (mHealth) Market Segments

3. Mobile Health (mHealth) Market Size And Template Market Growth Rate

4. Key Mobile Health (mHealth) Market Trends

5. Major Mobile Health (mHealth) Market Drivers

……

25. Key Mergers And Acquisitions In The Mobile Health (mHealth) Market

26. Top Mobile Health (mHealth) Companies

27. Mobile Health (mHealth) Market Opportunities And Strategies

28. Mobile Health (mHealth) Market, Conclusions And Recommendations

29. Appendix

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