mHealth Apps Market Is Slated To Witness Tremendous Growth In Future mHealth Apps Industry The

Rahul Nikade

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mHealth Apps Market Is Slated To Witness Tremendous Growth In Future

mHealth Apps Industry

The global mHealth apps market size is projected to reach USD 86.37 billion by the year 2030, as per a new report published by Grand View Research, Inc. The market is anticipated to grow at a compound annual growth rate (CAGR) of 14.9% during the forecast period from 2024 to 2030. A key factor contributing to this growth is the increasing penetration of the internet and smartphones, along with the rising acceptance and utilization of mobile health applications by both healthcare professionals and patients. Growing awareness surrounding personal health, wellness, and lifestyle improvement is also a major driver of market expansion. Additionally, the accelerating demand for remote healthcare services is further boosting the adoption of mobile health apps. The increasing use of patient-centered healthcare applications by physicians to improve patient interaction and clinical outcomes is expected to support this growth trend even further.

Smartphones have transitioned beyond their original roles in communication and entertainment to become essential tools for health and fitness monitoring. The development of mobile applications has enhanced daily life by making routine health-related tasks more convenient. Certain companies have introduced chatbot functionalities to offer one-time consultations or respond to basic medical queries. A notable example is WeChat in China, which has implemented chatbot services to address basic medical inquiries. Furthermore, it provides additional mobile health solutions such as appointment scheduling, access to medical records, and medical bill payments. The growing reliance on mobile phones and mHealth applications as tools for improving patient outcomes and the quality of care is expected to play a significant role in driving market growth. The expansion of mHealth technologies, patient-centric healthcare apps, strategic moves by market players, and continuous technological advancements have also contributed to a surge in digital health funding.

In addition to this, physicians who possess experience in corporate operations or investment practices are increasingly supporting digital health startups through direct investments. This trend is likely to have a favorable effect on market growth. For instance, in October 2023, in California, Cedar-Sinai introduced a new mobile application designed to provide patients with convenient and timely access to expert care across sick visits, chronic condition management, and preventive care. This virtual healthcare offering has since been extended to better accommodate the needs of its diverse patient population. Furthermore, the increasing number of initiatives and investments focused on mHealth and digital health — including patient-centric healthcare applications — is receiving substantial financial backing from venture capital firms, private equity investors, and major healthcare institutions.

The global health-tech investment environment experienced a notable surge in 2021, with total investments exceeding USD 44 billion — representing a twofold increase from the previous year. This sharp rise in capital investment highlights the escalating significance of technological innovation within the healthcare sector. Prominent tech-enabled platform companies have emerged as influential participants in this space, offering the ability to improve the efficiency of hospitals and health systems, scale their services rapidly, and modernize traditional care delivery models. In addition, these digital platforms are well-positioned to contribute meaningfully to addressing healthcare equity issues by supporting more inclusive and comprehensive care delivery approaches.

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mHealth Apps Market Segments Highlights:

The medical apps segment accounted for the largest revenue share in 2023 owing to continuous improvements in network infrastructure and network coverage
The iOS platform segment dominated the market in 2023 due to high awareness among people regarding mHealth technologies and increased use of patient centric healthcare apps for disease management
North America was the dominant regional market in 2023, in terms of revenue share
The region’s growth can be attributed to favorable government initiatives, developments in coverage networks, advancements in healthcare IT infrastructure, and a rise in healthcare expenditure

mHealth Apps Market Report Segmentation

Grand View Research has segmented the global mHealth apps market based on type, platform, and region:

mHealth Apps Type Outlook (Revenue, USD Million, 2018 - 2030)

Medical Apps
- Women's Health
  - Fitness & Nutrition
  - Menstrual Health
  - Pregnancy Tracking & Postpartum Care
  - Disease Management
  - Menopause
  - Others
- Chronic Disease Management Apps
  - Obesity Management Apps
  - Mental Health Management Apps
  - Diabetes Management Apps
  - Blood Pressure and ECG Monitoring Apps
  - Cancer Management Apps
  - Other Chronic Disease Management Apps
- Personal Health Record Apps
- Medication Management Apps
- Diagnostic Apps
- Remote Monitoring Apps
- Others (Pill Reminder, Medical Reference, Professional Networking, Healthcare Education)
Fitness Apps