mHealth Apps Market Size to Record 40.2% CAGR Over 2023-2030; Increasing Adoption of Innovative Technologies to Boost Market Growth

The global mHealth apps market size touched USD 56.26 billion in 2022 and is predicted to reach USD 80.87 billion in 2023. The market is anticipated to touch USD 861.40 billion by 2030, recording a CAGR of 40.2% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “mHealth Apps Market Size, Share & COVID-19 Impact Analysis, By App Type (Disease & Treatment Management {Healthcare Providers/Insurance, Medication Reminders, Women Health and Pregnancy, and Disease Specific}, Wellness Management {Fitness, Lifestyle and Stress, and Diet and Nutrition}, and Others), By Application (Monitoring Services, Fitness Solutions, Diagnostic Services, Treatment Services, and Others), By Market Place (Google Play Store, Apple App Store, and Others), and Regional Forecast, 2023-2030”.

The growing penetration of smartphones and internet in developed and developing economies has boosted the development of smart applications in various industry verticals, including healthcare. mHealth apps help medical professionals analyze and share important information regarding their patient’s health status by using mobile technology. The use of technologies, such as wearables and health tracking applications can assist doctors in making accurate medical decisions, thereby fueling the mHealth apps market growth.

Rising Download Rates and New Product Launches During COVID-19 Bolstered Market Progress

The COVID-19 pandemic played an important role in boosting the installation of mHealth apps, even crossing pre-pandemic levels. Many governments across the world had increased their investment in contact tracing applications to help them easily track the number of people a COVID-19 infected person had come in contact with. Many companies also started developing COVID-19-related mHealth apps during this period to support healthcare facilities in their fight against the deadly virus. In 2021, the adoption of mobile health applications continued to increase as there was a notable rise in investments in digital tools. These factors are predicted to accelerate the market development.

OMRON Healthcare Unveiled New Remote Patient Monitoring Services to Predict Onset of Cardiac Ailments

OMRON Healthcare announced the introduction of brand-new remote patient monitoring services that connect its blood pressure monitors to smart mobile health applications to accurately predict the onset of cardiovascular ailments at an early stage. These services were also intended to fortify the patient-physician connection decrease risk, and guide behavior change.

Increasing Adoption of Innovative Technologies to Boost Market Growth

The introduction of cutting-edge technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) has prompted health tech companies to boost their research and development efforts to incorporate these technologies. Moreover, the demand for smarter and more accurate mHealth apps has increased tremendously among the youth to help them take more effective steps toward improving their health and wellness. This factor has also sped up the integration of smart technologies in mHealth apps to enhance their overall performance. Such initiatives are anticipated to foster the market expansion.

Key Market Players to Focus On New Product Launches to Expand Market Share

Some of the key players operating in this market include Google, Apple, Fitbit Inc., Under Armour Inc., Omron Healthcare Inc., Fitness Keeper, Virtuagym, and Auzmio, and others. These companies are introducing new versions of their applications to increase their customer base and market presence.

Notable Industry Development:

November 2022: DocGo Inc. revealed that it had launched its first app equipped with Epic to request and track on-demand mobile medical services from DocGo directly within Epic’s EHR interface.

List of the Companies Profiled in the Report:

• Fitbit Inc. (U.S.)


• Apple Inc. (U.S.)


• Omada Health, Inc. (U.S.)


• Livongo Health (Teladoc) (U.S.)


• Boston Scientific Corporation (U.S.)


• Omron Healthcare, Inc. (Japan)


• Abbott (U.S.)


• Jawbone Health Hub, Inc. (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/mhealth-apps-market-102020

Further Report Findings

• North America accounted for the largest mHealth apps market share in 2022 and might maintain its dominance during the forecast period as well. The U.S. has a vast presence of well-known health app companies that are operating in this market. In addition, the region is seeing a notable growth in internet and smartphone penetration in different states across the U.S., which will further contribute to the market growth.


• The market in Asia Pacific is also predicted to showcase the highest growth in its value in the future as there has been a major rise in the region’s disposable incomes in recent years. Moreover, the growing internet and smartphone penetration in the Asia Pacific region will further boost the regional market growth.


• The wellness management segment may account for the maximum market share during the forecast period as people are looking for various ways to take care of their health and wellbeing.

Table of Segmentation