According to FutureWise analysis the market for mhealth services in 2023 is US$ 149.96 billion, and is expected to reach US$ 488.93 billion by 2031 at a CAGR of 15.92%.
mHealth services are described as the usage of electronic devices such as mobile phones or other wireless technology for medical treatment. Consumers can discover about proactive healthcare services with the use of mobile health solutions. It's also utilised for illness surveillance, treatment assistance, chronic disease management, and tracking epidemic outbreaks. The mHealth services market has evolved due to a surge in the number of mobile health applications in the last three to four years, and this trend is expected to continue over the forecast period. Previously, mHealth apps simply offered monitoring services, allowing users to track their daily meals for nutrition and calorie consumption. However, as technology advances, other application areas such as health data access and chronic illness management have been identified and are being investigated for potential health uses. As a result, mHealth service applications have expanded beyond traditional modalities to encompass diagnostic, preventive, and treatment services, as well as emergency response and doctor aid services. North America had the highest share of the mHealth services market. The growth in the occurrence of chronic diseases, technology developments, and increased awareness of mobile healthcare services can all be contributed to this. New players in the market are investing in mHealth software development to offer it a simple link between a healthcare professional and a patient or any user.
FutureWise Market Research has instantiated a report that provides an intricate analysis of mHealth Services Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the mHealth Services Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.