The mobile health mhealth market has seen considerable growth due to a variety of factors.
• The scale of the mobile health (mhealth) market has seen swift expansion in the past few years. The market, which was worth $84.99 billion in 2024, is anticipated to reach $99.72 billion in 2025, with a compound annual growth rate (CAGR) of 17.3%.
Factors such as the burgeoning use of smartphones, the surge of mHealth solutions, a growing occurrence of chronic illnesses, a rising need for remote surveillance and management solutions, and increased emphasis on digital health and telemedicine have all contributed to the growth in this time period.
The mobile health mhealth market is expected to maintain its strong growth trajectory in upcoming years.
• In the ensuing years, we can anticipate significant expansion in the mobile health (mhealth) market, with a prediction for it to escalate to $186.69 billion by 2029. This indicates a robust compound annual growth rate (CAGR) of 17.0%.
The factors contributing to this growth over the forecast period encompass an increased demand for home-based healthcare solutions, the integration of AI and machinery, and the advent of 5G technology, which ensures reliable and quicker connectivity. Other notable influences include rising awareness of health and wellness, increased usage of fitness applications and wearable devices. The forecast period also suggests a rise in mergers and acquisitions, a leaning towards personalized mHealth applications, enhanced integration with electronic health records (EHR), focus on mHealth applications, and an escalating demand for mental health services.
The escalation in chronic illnesses is predicted to drive the expansion of the mobile health (mHealth) market. Chronic illnesses are health issues that are constant or long-term, usually persisting for a year or more, and frequently necessitate continuous healthcare or restrict daily routines. The surge in chronic diseases can primarily be attributed to ageing populations, as longer life spans result in more prolonged health ailments. mHealth facilitates the management of chronic diseases by providing health monitoring tools, enhancing communication with clinicians, and promoting adherence to treatment. For example, according to the National Health Service in June 2024, a publicly financed healthcare system in England, the number of people registered with a GP diagnosed with non-diabetic hyperglycemia, also known as prediabetes, rose from 3,065,825 in 2022 to 3,615,330 in 2023, an increase of nearly 18%. Thus, the escalating incidence of chronic diseases is fuelling the growth of the mHealth market.
The mobile health (mhealth) market covered in this report is segmented –
1) By Type: Mobile Health (mHealth) Devices, Mobile Health (mHealth) Services
2) By Application: Cardiovascular, Diabetes, Respiratory, Neurology, Other Applications
3) By End-Use: Patients, Providers, Payers, Other End Users
Subsegments:
1) By Mobile Health (mHealth) Devices: Wearable Devices, Mobile Health Applications, Diagnostic Devices, Remote Patient Monitoring Devices, Emergency and Alert Devices
2) By Mobile Health (mHealth) Services: Telemedicine Services, Health and Wellness Services, Chronic Disease Management Services, Health Data Management Services, Education and Support Services
Leading firms in the mobile health (mHealth) market are focusing on creating all-inclusive care digital applications to deliver holistic and tailored health care solutions. An all-inclusive care digital app amalgamates physical, psychological, and emotional health care services into a single platform. For instance, Teladoc Health, a healthcare company based in the US, introduced a fully integrated digital health app in January 2023. This application offers a complete healthcare journey and permits users to avail primary care, mental health services, and managing chronic conditions all through a single account. Accessible in both English and Spanish, it comes with easy navigation, integrated doctor care plans, and collaboration with in-person providers for complete care.
Major companies operating in the mobile health (mHealth) market are:
• Apple Inc.
• Samsung Group
• Huawei Technologies Co. Ltd.
• Oracle Corporation
• Abbott Laboratories
• Xiaomi Corporation
• Medtronic plc
• Koninklijke Philips N.V.
• Stryker Corporation
• GE HealthCare Technologies
• Omron Corporation
• Garmin Ltd.
• Hill-Rom Holdings Inc.
• Dexcom Inc.
• Masimo Corporation
• Nihon Kohden Corporation
• Polar Electro Oy
• Verily Life Sciences LLC
• Withings S.A.S.
• Empatica Inc.
• TempTraq
• LifeSense Group B.V.
North America was the largest region in the mobile health (mHealth) market in 2024. 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.