Global Mhealth Market Size & Outlook, 2023-2030
Global mhealth market, 2018-2030 (US$M)
Related Markets
Global mhealth market highlights
- The global mhealth market generated a revenue of USD 63,989.4 million in 2023 and is expected to reach USD 162,284.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14.2% by 2030.
- In terms of segment, mhealth apps accounted for a revenue of USD 33,744.6 million in 2023.
- MHealth Apps is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 63,989.4 million |
| Market revenue in 2030 | USD 162,284.2 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearables & Connected Medical Devices, MHealth Apps, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 37.4% of the global mhealth market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 46,281.7 million by 2030.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global mhealth market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mhealth market will help companies and investors design strategic landscapes.
Mhealth apps was the largest segment with a revenue share of 52.73% in 2023. Horizon Databook has segmented the Global mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
According to the GSM Association (GSMA) report statistics published in the Mobile Economy 2023 report, around 5.4 billion people across the globe subscribed to mobile services in 2022, and the number of unique mobile subscribers is expected to reach 6.3 billion by 2030 (73% of the global population).Another factor expected to propel market growth is the growing adoption of 5G technology across the globe.
As per a report published by GSMA in 2023, the global penetration of 5G is estimated to be 54% by 2030. In addition, the increased bandwidth and the low latency of 5G are anticipated to facilitate the sharing of images & videos with higher resolution, increasing the quality value of virtual interaction. Advancements in smartphone technology to improve disease diagnostics are anticipated to drive market growth.
For instance, in April 2020, Luminostics collaborated with Sanofi to develop a COVID-19 smartphone-based diagnostic testing platform. This platform instructs users on how to run a test and capture & process data. It also connects users with a telehealth service based on the results.
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Target buyers of Global mhealth market databook
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Our clientele includes a mix of mhealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global mhealth market , including forecasts for subscribers. This global databook contains high-level insights into Global mhealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global mhealth market size, by regions, 2018-2030 (US$M)
Top 10 countries: Mhealth market size, 2023 (US$M)
Global mhealth market share, by component, 2023 & 2030 (%, US$M)
Mhealth Market: Opportunity Assessment By Country
Global mhealth market, by region, 2023 (US$M)
Related regional statistics
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