Research Nester published a report titled “mHealth Services Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global mHealth services market in terms of market segmentation by service, application, end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global mHealth services market is anticipated to grow with a CAGR of ~14% during the forecast period, i.e., 2023-2033. The market is segmented by end user into healthcare institutions, physicians, healthcare workers and individuals. Out of these segments, the physicians’ segment is anticipated to garner the largest market share by the end of 2033, backed by the rising number of physicians globally. In addition, increasing acceptance of digital health solutions among physicians is also anticipated to contribute to the growth of the segment during the forecast period.
The global mHealth services market is estimated to garner a revenue of ~USD 410 billion by the end of 2033, up from revenue of ~USD 110 billion in the year 2021. Rising level of aging population along with the increasing prevalence of chronic diseases, are some of the major factors which are projected to boost the growth of the market. Moreover, rising trends of telemedicine, increasing usage of smartphones as well as increasing penetration of internet are other factors driving the growth of global mHealth services market in the coming years.
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Geographically, the global mHealth services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue by the end of 2033, owing to the increasing healthcare expenditure and rising technological advancements in the region. Apart from this, the market in Asia Pacific region is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Investments in Digital Health Industry to Drive the Market Growth
Globally, as per the data, the total investment in the digital health industry was estimated to be around USD 14 billion in the year 2020.
Increasing investment in digital health services and adoption of digital health systems among healthcare professionals is expected to drive the market growth. Digital health systems provide more efficient and cost-effective healthcare services. Apart from this, the digital health system also helps in detecting early signs of diseases in the body of patients through regular monitoring and tracking. Hence such factor is anticipated to drive the growth of global mHealth services market during the forecast period.
However, the less awareness of the use of technology in the older population is expected to operate as key restraint to the growth of global mHealth services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global mHealth services market which includes company profiling of Apple Inc., AIRSTRIP TECHNOLOGIES, INC., ALE International, Cerner Corporation (Oracle Corporation), Qualcomm Incorporated, SoftServe Inc., Vodafone Group Plc, Boston Scientific Corporation, Teladoc Health, Inc. and AT&T Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mHealth services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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