mHealth Market size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023 - PowerPoint PPT Presentation

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mHealth Market size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023


mHealth market size was estimated at over USD 4.8 billion in 2015 and it is anticipated to exceed USD 60 billion by 2023 growing at a CAGR of over 30% from 2016 to 2023. Rising awareness regarding preventative medication is expected to drive the industry growth. – PowerPoint PPT presentation

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Title: mHealth Market size forecast to grow at 30% CAGR from 2016 to 2023 to surpass USD 60 billion by 2023

mHealth Market size forecast to grow at 30 CAGR
from 2016 to 2023 to surpass USD 60 billion by
Fuel Cell Market size worth 25.5bn by 2024
Regional Analysis of mHealth Market
  • North America mHealth market accumulated around
    30 of the overall industry share in 2014. The
    spur in the region can be attributed to
    flourishing number of live health and pilot
    projects in the U.S. and Canada. Increasing
    number of health and wellness apps coupled with
    rising smartphones adoption among the population
    is expected to drive the region over the forecast
  • Asia Pacific mHealth market size is anticipated
    to witness significant growth due to increasing
    rural population. In addition, lack of medical
    practitioners in the region is likely to open new
    avenues for profit generation. Developed
    countries such as Japan, Singapore, South Korea
    and Australia are anticipated to furnish numerous
    growth opportunities owing to rising per user

Application Analysis of mHealth Market
  • Increasing implementation of mobile and wireless
    technologies helps to generate data base on
    individuals daily environment, biology as well
    as physiology. Growing proliferation of chronic
    diseases namely diabetes, cancer and heart
    ailments is expected to fuel the industry demand
    over the forecast period. Advent on technology
    such as 3G and 4G LTE network services aids in
    high speed data transfers and video calling
    features which further facilitates swift
    telemedicine service delivery.
  • One way data application facilitates the flow of
    information from physician or healthcare
    practitioner to patients with the help of SMS and
    educative methodology. Increasing healthcare
    spending owing to affordability accompanied by
    availability of healthcare services might pose a
    challenge to the mHealth market growth.
  • The mHealth market can be segmented on the basis
    of service, connected devices and participants.
    Based on service the industry can be segregated
    into diagnosis services, healthcare system
    strengthening services and monitoring services.
    Healthcare systems strengthening can be further
    segmented into emergency response, healthcare
    practitioners support and healthcare surveillance
    and administration.

Competitive Market Share of mHealth Market
  • Key industry participants occupying major mHealth
    market share include ATT, Vodafone, Allscripts
    Healthcare Solutions, mQure, Apple Inc.
  • Samsung Electronics Corporation, Omron HealthCare
    Inc., Philips healthcare, Bayer Healthcare,
    Cardionet Inc.
  • LifeWatch, Masimo Corporation, Boston Scientific,
    Sanofie, and Qualcomm Inc.


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