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Global MHealth Services Market to reach USD 149.97 billion by the end of 2030.

Global MHealth Services Market Size Study & Forecast, by Type of Services (Monitoring services, Diagnosis services, Others), by Participants (Mobile operators, Device vendors, Content players, Healthcare providers), by Application (General healthcare & fitness, Medication information, Others), by End-user (Healthcare providers, Patients, Others), and Regional Analysis, 2023-2030

Product Code: HLSHIT-81310478
Publish Date: 10-01-2024
Page: 200

Global MHealth Services Market is valued at approximately USD 50.06 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 14.7% over the forecast period 2023-2030. MHealth, or mobile health, is the application of public health and medical practices using mobile devices such as mobile phones, personal digital assistants, tablets, and wireless networks. Under the broader umbrella of digital health, mHealth incorporates the utilization of multimedia and telecommunications technologies for the dissemination of health-related information. Its applications span a variety of areas, including education and awareness, diagnostic and treatment support, healthcare supply chain management, remote monitoring, chronic disease management, and more. MHealth services involve integrating the capabilities of mobile devices such as smartphones and tablets to provide healthcare services and information. This integration of mobile technology aims to improve the accessibility, efficiency, and effectiveness of healthcare delivery. It encompasses a diverse array of applications and services tailored to support different facets of healthcare, ranging from facilitating patient communication and education to enabling remote monitoring and diagnostics. The market is poised for growth due to several factors, including an increased emphasis on leveraging smart devices and wearables for enhancing personal health and fitness. The strong penetration of 4G and 5G networks and the imperative of cost containment in healthcare delivery, coupled with the growing acceptance of mHealth technology by both healthcare providers and patients are the most prominent factors that are propelling the market demand across the globe.

Additionally, the widespread use of smartphones and other mobile platforms is anticipated to further fuel market expansion. According to Statista, the number of users of smartphones in the year 2019 was 287.76 million and the number of users is likely to reach 301.65 million by 2022. Also, as per the same source, in 2020, the shipments of a 5G-enabled smartphone were estimated to record 20% globally, which is anticipated to constantly rise and is likely to reach 69% by the year 2023. Therefore, the escalating demand for the 5G-enabled smartphone is exhibiting a positive influence on the growth of the market. Moreover, the growing investment and rising penetration of digital health services, as well as the rising global burden of chronic disease presents various lucrative opportunities over the forecast years. However, the lack of standardization and the risk of cyberattacks are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global MHealth Services Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the escalating healthcare expenditure, a surge in chronic diseases, a growing aging population, and a well-established network infrastructure, the demand for mHealth services in the region is on the rise. Furthermore, favorable government initiatives, an increase in FDA approvals for wearable devices, and the widespread adoption of mobile healthcare applications are further propelling the demand for mHealth services in the region. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing affordability of smartphones is driving increased adoption, enabling access to diverse applications for mHealth services. Factors such as the rise in healthcare expenditure, a surge in chronic and infectious diseases, inefficiencies in hospital service management, and an aging population are compelling governments and healthcare providers to innovate new healthcare delivery models are significantly propelling the market demand across the region.

Major market players included in this report are:
Apple Inc.
Google LLC
AirStrip Technologies, Inc.
Samsung Electronics Co. Ltd.
Veradigm LLC (Allscripts Healthcare Solutions)
Qualcomm Technologies, Inc.
Vodafone Group Plc.
Telefónica S.A.
SoftServe Inc.

Recent Developments in the Market:
Ø In March 2023, Apple Inc. announced its plan to enhance digital health by revealing its intention to enhance AirPods with advanced health tracking capabilities. These upgrades are expected to include temperature monitors, motion detectors, and biometric sensors capable of detecting perspiration and heart rate, to implement these features by the year 2025.
Ø In January 2023, Garmin Ltd. launched the Instinct Crossover Series in India, featuring a comprehensive set of wellness functionalities, such as health monitoring activities, sleep score assessment, and advanced sleep monitoring capabilities.

Global MHealth Services Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type of Services, Participants, Application, End-user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type of Services:
Monitoring services
Diagnosis services
Healthcare systems strengthening services

By Participants:
Mobile operators
Device vendors
Content players
Healthcare providers

By Application:
General healthcare & fitness
Medication information
Healthcare management

By End-user:
Healthcare providers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. MHealth Services Market, by Region, 2020-2030 (USD Billion)
1.2.2. MHealth Services Market, by Type of Services, 2020-2030 (USD Billion)
1.2.3. MHealth Services Market, by Participants, 2020-2030 (USD Billion)
1.2.4. MHealth Services Market, by Application, 2020-2030 (USD Billion)
1.2.5. MHealth Services Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global MHealth Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global MHealth Services Market Dynamics
3.1. MHealth Services Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increased emphasis on leveraging smart devices and wearables Rising use of smartphones and other mobile platforms
3.1.2. Market Challenges Lack of standardization Risk of cyberattacks
3.1.3. Market Opportunities Growing investment and rising penetration of digital health services Rising global burden of chronic disease
Chapter 4. Global MHealth Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global MHealth Services Market, by Type of Services
5.1. Market Snapshot
5.2. Global MHealth Services Market by Type of Services, Performance – Potential Analysis
5.3. Global MHealth Services Market Estimates & Forecasts by Type of Services 2020-2030 (USD Billion)
5.4. MHealth Services Market, Sub Segment Analysis
5.4.1. Monitoring services
5.4.2. Diagnosis services
5.4.3. Healthcare systems strengthening services
5.4.4. Others
Chapter 6. Global MHealth Services Market, by Participants
6.1. Market Snapshot
6.2. Global MHealth Services Market by Participants, Performance – Potential Analysis
6.3. Global MHealth Services Market Estimates & Forecasts by Participants 2020-2030 (USD Billion)
6.4. MHealth Services Market, Sub Segment Analysis
6.4.1. Mobile operators
6.4.2. Device vendors
6.4.3. Content players
6.4.4. Healthcare providers
Chapter 7. Global MHealth Services Market, by Application
7.1. Market Snapshot
7.2. Global MHealth Services Market by Application, Performance – Potential Analysis
7.3. Global MHealth Services Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. MHealth Services Market, Sub Segment Analysis
7.4.1. General healthcare & fitness
7.4.2. Medication information
7.4.3. Healthcare management
7.4.4. Others
Chapter 8. MHealth Services Market, by End-user
8.1. Market Snapshot
8.2. Global MHealth Services Market by End-user, Performance – Potential Analysis
8.3. Global MHealth Services Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
8.4. MHealth Services Market, Sub Segment Analysis
8.4.1. Healthcare providers
8.4.2. Patients
8.4.3. Others
Chapter 9. Global MHealth Services Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. MHealth Services Market, Regional Market Snapshot
9.4. North America MHealth Services Market
9.4.1. U.S. MHealth Services Market Type of Services breakdown estimates & forecasts, 2020-2030 Participants breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-user breakdown estimates & forecasts, 2020-2030
9.4.2. Canada MHealth Services Market
9.5. Europe MHealth Services Market Snapshot
9.5.1. U.K. MHealth Services Market
9.5.2. Germany MHealth Services Market
9.5.3. France MHealth Services Market
9.5.4. Spain MHealth Services Market
9.5.5. Italy MHealth Services Market
9.5.6. Rest of Europe MHealth Services Market
9.6. Asia-Pacific MHealth Services Market Snapshot
9.6.1. China MHealth Services Market
9.6.2. India MHealth Services Market
9.6.3. Japan MHealth Services Market
9.6.4. Australia MHealth Services Market
9.6.5. South Korea MHealth Services Market
9.6.6. Rest of Asia Pacific MHealth Services Market
9.7. Latin America MHealth Services Market Snapshot
9.7.1. Brazil MHealth Services Market
9.7.2. Mexico MHealth Services Market
9.8. Middle East & Africa MHealth Services Market
9.8.1. Saudi Arabia MHealth Services Market
9.8.2. South Africa MHealth Services Market
9.8.3. Rest of Middle East & Africa MHealth Services Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Apple Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Google LLC
10.3.3. AirStrip Technologies, Inc.
10.3.4. Samsung Electronics Co. Ltd.
10.3.5. Veradigm LLC (Allscripts Healthcare Solutions)
10.3.6. Qualcomm Technologies, Inc.
10.3.7. Vodafone Group Plc.
10.3.8. AT&T
10.3.9. Telefónica S.A.
10.3.10. SoftServe Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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