The mHealth market refers to the use of mobile devices, apps, and wireless technologies to provide healthcare services and support health management. It includes solutions such as remote patient monitoring, fitness and wellness apps, teleconsultations, chronic disease management, and medication tracking. The growing adoption of smartphones, rising internet penetration, and increasing demand for convenient and cost-effective healthcare delivery are driving this market forward. mHealth also plays a key role in improving patient engagement, enabling real-time health data collection, and expanding access to healthcare in remote or underserved areas. While the market faces challenges related to data security, regulatory frameworks, and integration with traditional healthcare systems, it continues to expand as digital health technologies become more widely accepted.
According to Fortune Business Insights, the global mHealth market was valued at USD 83.17 billion in 2023 and is projected to grow from USD 93.12 billion in 2024 to USD 249.05 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.1% during the forecast period. In 2023, North America dominated the market with a 30.34% share.