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mHealth Market Size to Reach $176.54 Bn by 2033

The mHealth market reached USD 60.65 billion in 2023 and is expected to grow to USD 176.54 billion by 2033. Wearable devices are emerging as a key growth driver, with a projected 7.5% CAGR. In 2023, mHealth apps dominated the market with a 72% share, while remote patient monitoring led the segment with 27%. Patients were the primary users, making up 59% of the market.

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Healthcare providers are getting more interested and excited about mobile health (mHealth) apps, with over a third of doctors suggesting them to patients. When doctors suggest these apps, people tend to keep using them for about 30 days more than usual, with a 10% higher retention rate for health apps and 30% higher for fitness apps.

mHealth revolutionizes healthcare by utilizing mobile devices and health-related apps to enhance service delivery, monitoring, and management. The significance of mHealth in society becomes evident through its multifaceted benefits. First and foremost, it addresses the issue of accessibility, allowing individuals, particularly those in remote areas, to access health information and services regardless of geographical constraints. Additionally, mobile apps empower users to actively monitor their health, from tracking fitness levels to managing chronic conditions and receiving timely medication reminders. The advent of telemedicine through mHealth facilitates remote consultations with healthcare professionals, proving invaluable for routine check-ups.

A recent Newsletter from the World Health Organization

  • On April 15, 2020, the World Health Organization (WHO) introduced a chatbot on Facebook Messenger to counteract misinformation about COVID-19. Over 12 million individuals have already accessed the WHO Health Alert service through WhatsApp. In regions severely impacted by COVID-19, the overall messaging activity on Facebook’s suite of apps had surged by over 50%. With the extension to Facebook Messenger and other associated communication channels, the WHO Health Alert had the potential to reach 4.2 billion people, aiding them in safeguarding against COVID-19, curbing its transmission, and gaining accurate insights into the disease.

Beyond individual empowerment, mHealth serves as a powerful tool for health education. Mobile apps serve as platforms for disseminating information, promoting awareness, and educating communities about healthy lifestyle choices. This proactive approach aids in disease prevention and contributes to overall community well-being. Additionally, mHealth plays a pivotal role in data collection and analytics, aggregating health data from various sources. This data-driven approach provides valuable insights for healthcare providers and policymakers, enabling the identification of health trends and formulating effective public health strategies.

The escalating global demand for mHealth can be attributed to several factors. The widespread adoption of smartphones globally expands the potential user base for mHealth applications, fostering increased demand. The COVID-19 pandemic underscored the importance of remote healthcare solutions, positioning mHealth as a critical tool for maintaining healthcare services while minimizing physical contact. The inherent convenience and efficiency of mHealth, reducing the necessity for physical visits to healthcare facilities, appeal to consumers and healthcare providers. With a rising prevalence of chronic diseases worldwide, mHealth emerges as a solution for continuously monitoring and managing these conditions, further fueling demand. Furthermore, government initiatives promoting digital health play a pivotal role in encouraging the development and widespread adoption of mHealth solutions, solidifying its position as a transformative force in global healthcare. In essence, mHealth simplifies healthcare management through smartphones, gaining international recognition for its convenience, health monitoring capabilities, and facilitation of remote healthcare services.

Adoption of Mobile Use

The surge in smartphone adoption stands as a cornerstone in propelling the expansion of the mHealth market. This phenomenon is marked by the widespread ownership and utilization of smartphones globally. The significance of this trend is underpinned by various factors that underscore the transformative impact of increased smartphone adoption in the realm of mHealth.

For Instance,

  • In January 2022, AT&T partnered with Smart Meter to create advanced digital health solutions. They’re working together to use Smart Meter’s IoT devices and AT&T’s strong IoT network to monitor and track chronic conditions like diabetes.

Additionally, smartphones have evolved into ubiquitous devices, transcending diverse demographics and geographical locations. The ubiquity of smartphones ensures that a substantial portion of the global population possesses these devices, establishing a broad and varied user base for mHealth applications.

mHealth Market Companies

  • Apple
  • Google
  • Samsung
  • Philips
  • Medtronic
  • Teladoc Health, Inc.
  • Abbott Laboratories
  • Dexcom, Inc.
  • Withings
  • Omada Health Inc.
  • Canary Health
  • Welldoc, Inc.

Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/mhealth-market-size

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Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.

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Elena Morales

Elena Morales is a healthcare industry expert working at Healthcare Web Wire Consulting Firm, a subsidiary of Towards Healthcare. With her excellent knowledge of the field, Elena helps clients optimize their operations and navigate healthcare regulations. She's dedicated to staying updated on industry trends to make a positive impact on patient care. Elena is known for her professionalism and commitment to excellence, making her a valuable asset to any team.

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