According to Expert Market Research’s latest report, ‘Global mHealth Apps Market Report and Forecast 2022-2027’, the global mHealth apps market attained a value of about USD 40.05 billion in 2020. Aided by rising health-consciousness among consumers, the market is projected to further grow at a CAGR of 17.7% between 2022 and 2027.
mHealth apps are mobile-based applications that offer healthcare and fitness-oriented services to consumers via the internet. They provide a wide range of services, including treatment support, health management, prevention strategies for diseases and monitoring symptoms, among others. These medical apps also include concentrated facilities such as medication management and women’s health apps. In addition, fitness apps provide fitness improvement strategies such as daily exercise routines to aid in maintaining a healthy lifestyle while ensuring an improved nutritional intake. Such extensive uses of mHealth apps are driving the growth of the market.
The global mHealth apps industry is being driven by the heightened consciousness among consumers regarding health and holistic wellbeing. This can be associated with the rising prevalence of health issues such as high cholesterol, diabetes, obesity, and cardiovascular diseases, among others. As a result, consumers are increasingly utilising fitness apps to monitor their nutrition intake to maintain healthy lifestyles while reducing the risk of chronic ailments, which is aiding the market for mHealth apps. The increased usage of smartphones and the growing internet penetration are also driving the industry growth. Furthermore, the trend of remote medical diagnosis and treatment, in the wake of the COVID-19 pandemic, is increasing the adoption of mHealth apps, which is predicted to bolster the market growth. Moreover, the integration of technological advancements such as blockchain, augmented reality (AR), and the Internet of things (IoT) to enhance the efficiency of mHealth apps are predicted to positively impact the growth of the mHealth apps industry in the forecast period.
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Market Segmentation
The market report by Expert Market Research analyses the market based on segmentation such as types and major regions.
Market Breakup by Type
- Fitness Apps
- Diet and Nutrition Apps
- Exercise and Fitness Apps
- Lifestyle and Stress Apps
- Medical Apps
- Women’s Health Apps
- Personal Health Record Apps
- Medication Management Apps
- Diagnostic Apps
- Remote Monitoring Apps
- Disease Management Apps
- Others
Market Division by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
- Abbott Laboratories
- Johnson and Johnson
- Hoffmann-La Roche AG
- Novartis International AG
- Samsung Electronics Co. Ltd.
- Others
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