mHealth Market Size & Share 2023 to 2032
Market Size by Platform (Mobile Apps, Wearable Devices), by Application (Communication and Training, Education and Awareness, Diagnostics and Treatment, Remote Data Collection, Remote Monitoring), by End Use & Forecast.
Report ID: GMI286
|
Published Date: December 2022
|
Report Format: PDF
Download Free PDF
Authors:
Mariam Faizullabhoy, Gauri Wani
mHealth Market Size
mHealth Market size was valued at more than USD 111.5 billion in 2022 and is expected to observe over 22% CAGR through 2032.
Increasing incidences of chronic diseases, including diabetes is expected to boost the market penetration in developed regions of North America and Europe. Digital innovations, such as mobile health (mHealth) are being used to provide effective healthcare to the users. A recent survey finding revealed that nearly 44% of the U.S. consumers presently use a digital tool to track some aspect of their health. The easy accessibility of these applications and devices is also a key force accelerating the market development.
Rising issues regarding user information security and privacy to hinder mHealth market progress
The implementation of mHealth solutions requires full-proof data security, without which the physicians and hospitals business is at stake, as they incur huge losses of critical and confidential information. It adversely affects the reputation and results of operations. Smartphones and mHealth applications are exposed to a wide range of security threats due to their portability and weaknesses in management and design. These factors may cause a hinderance to the industry expansion.
mHealth Market Analysis
mHealth market from the wearable devices product segment is expected to cross USD 171 billion through 2032. The notable revenue share is attributed to multiple prime advantages offered by the product, including better accessibility to clinical information. The COVID-19 pandemic had a positive influence on the wearable devices demand, as the need to monitor vital healthcare parameters regularly surged significantly. As per some estimates, about one-fifth of the U.S. population wore a smart wearable technology in 2021. Adequate application of wearable devices in measuring and overviewing the heart health, physical attributes, blood glucose levels, temperature, and medication compliance among others would further drive their adoption.
Global mHealth Market Share, By Application, 2022 (%)
Segment
Global market share
mHealth market from diagnostics and treatment application segment is anticipated to grow at more than 21% CAGR through 2032. This is attributed to the rising prevalence of various chronic conditions. Patients suffering from cardiovascular diseases, diabetes, and neurological disorders, require real-time monitoring of their health conditions. Catering to needs of this growing patient pool, Peerbridge Health designed the Peerbridge Cor System that offers portable ECG diagnostics. The FDA regulated wearable modality targets AFib along with other arrhythmias. Such notable developments by leading companies are set to drive the segment expansion.
mHealth market from the patients’ segment is projected to reach USD 190.5 billion by 2032. The considerable revenue share is majorly attributed to the increasing awareness among individuals for regulating vital parameters including body temperature, heart health, mental wellbeing, sleep duration, and physical fitness. Moreover, the growing emphasis on mHealth due to quick internet access will accelerate the product adoption.
Asia Pacific mHealth market was valued at more than USD 32.5 billion in 2022 and is anticipated to showcase over 23% CAGR through 2032. The regional healthcare industry is moving toward digitization of their operations in a bid to improve the patient experience. With 76% of healthcare practitioners in the nation presently utilizing DHRs in their operations, India is a forerunner in the adoption of digital health technologies. Various governments in the continent are expected to launch multiple mHealth related solutions in the future, thereby augmenting the regional market statistics.
mHealth Market Share
are some of the renowned companies offering advanced mHealth products and services. To unlock the rising consumer demand and supply equilibrium, these players are increasing their investments in R&D activities and launching new and improved products.
Impact of COVID-19 Pandemic
mHealth apps have played an instrumental role in mitigating the COVID-19 response across the globe. During the first wave of the pandemic, significant adoption of mHealth apps was observed for the management of COVID-19, including contact tracing, and information providing applications. Various mHealth apps were developed as a result of tackling the virus, such as symptom monitoring to combat the disease outbreak.
mHealth market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
By Platform
By Application
By End-use
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →