Australia Mhealth Market Size & Outlook, 2023-2030
Australia Mhealth Market, 2018-2030 (US$M)
Global Market
Related Markets
Australia mhealth market highlights
- The Australia mhealth market generated a revenue of USD 1,647.9 million in 2023 and is expected to reach USD 4,680.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, mhealth apps was the largest revenue generating component in 2023.
- MHealth Apps is the most lucrative component segment registering the fastest growth during the forecast period.
Mhealth market data book summary
| Market revenue in 2023 | USD 1,647.9 million |
| Market revenue in 2030 | USD 4,680.2 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearables & Connected Medical Devices, MHealth Apps, Services |
| Key market players worldwide | Apple Inc, AT&T, Airstrip Technologies, Veradigm Inc, Qualcomm Inc, Vodafone Group PLC, Alphabet Inc Class A, Telefonica SA, SoftServe, Samsung Electronics Co Ltd, Orange SA |
Other key industry trends
- In terms of revenue, Australia accounted for 2.6% of the global mhealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mhealth market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,133.2 million by 2030.
Australia, along with Singapore, is a leader in integrating digital technology into healthcare. Government-backed initiatives are among the major factors boosting market growth in the country. For instance, in 2018, the government announced plans to implement its proposal to create a digital health record for every Australian.
These factors are also responsible for the growth of the mHealth market in the country. Australia has a developed economy with a strong infrastructure in electronic and telecommunication technologies. However, some rural and remote areas in Australia have limited penetration of these technologies and are untapped.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Veradigm Inc | View profile | 7,869 | 222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, United States, 60654 | www.veradigm.com |
| Alphabet Inc Class A | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Qualcomm Inc | View profile | 50,000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | www.qualcomm.com |
| Orange SA | View profile | 129,500 | 111 Quai du President Roosevelt, Issy-les-Moulineaux, Paris, France, 92130 | www.orange.com/en |
| SoftServe | View profile | 5001-10000 | Austin, Texas, United States, North America | www.softserveinc.com |
| Vodafone Group PLC | View profile | 85,225 | Vodafone House, The Connection, Newbury, Berkshire, United Kingdom, RG14 2FN | www.vodafone.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
| Airstrip Technologies | View profile | 101-250 | San Antonio, Texas, United States, North America | www.airstrip.com/ |
Australia 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 Outlook will help companies and investors design strategic landscapes.
Mhealth Apps was the largest segment with a revenue share of 44.74% in 2023.
Horizon Databook has segmented the Australia mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia, along with Singapore, is a leader in integrating digital technology into healthcare. Government-backed initiatives are among the major factors boosting market growth in the country. For instance, in 2018, the government announced plans to implement its proposal to create a digital health record for every Australian.
These factors are also responsible for the growth of the mHealth market in the country. Australia has a developed economy with a strong infrastructure in electronic and telecommunication technologies. However, some rural and remote areas in Australia have limited penetration of these technologies and are untapped.
- Australia Mhealth Market Component Outlook (Revenue, USD Million , 2018-2030)
- Wearables & Connected Medical Devices
- mHealth Apps
- Services
- Australia Mhealth Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Patients
- Providers
- Payers
- Other End-user
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Mhealth Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Mhealth Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Mhealth Market, 2018-2030 (US$M)
Australia mhealth market statistics, by component, 2018-2030 (US$M)
