The increasing penetration of internet across the world is one of the key factors responsible for the surge in the demand for mobile health (mHealth) technology. Due to the development of affordable 3G and 4G spectrum and numerous mobile applications, the number of mobile phone users is soaring in several countries. As per the World Bank development indicators, 44 out of 100 people were found to use internet globally in 2016. As per the China Internet Network Information Center (CNNIC), the country had 731 million internet users in 2016, with 95% of them being mobile users.
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The rising prevalence of various lifestyle-associated diseases and ailments and rapidly growing population are the other important factors pushing the demand for mhealth technology across the globe. Since the last few years, there has been a huge growth in the number of integrated mobile applications and connected medical devices and these have significantly boosted the adoption of mobile health technology. mHealth allows the doctors to diagnose the patients and provide them personalised treatment plans with the help of effective data capturing, visualization, and analysis provided by the integrated mobile applications.
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Driven by the above-mentioned factors, the global mHealth market generated revenue of $23.0 billion in 2017 and is further expected to attain a value of $132.2 billion by 2023, demonstrating a CAGR of 33.5% during the forecast period (2018–2023). The mHealth services available throughout the world include diagnosis and consulting, preventive services, healthcare system strengthening services, treatment services, remote monitoring, and fitness and wellness services. Additionally, connected devices and mHealth apps are also available.
The research offers market size of the global mHealth market for the period 2013–2023.
Market Segmentation by Offering
- Connected devices
- Blood pressure monitors
- Blood glucose monitors
- ECG monitors
- Multiparameter monitors
- Pulse oximeters
- Sleep apnea monitors
- Preventive services
- Diagnosis and consulting
- Treatment services
- Healthcare system strengthening services
- Fitness and wellness services
- Remote monitoring
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