mHealth Market Analysis

End-user (Healthcare Institutions, Physicians, Healthcare workers, Individuals)

The global mhealth market is segmented and analyzed for demand and supply by end user into healthcare institutions, physicians, healthcare workers, and individuals. Out of these segments, the healthcare institutions segment is expected to hold the highest growth by the end of the year 2037 owing to the existence of a huge patient pool in healthcare facilities. Furthermore, rising healthcare expenditure per capita worldwide is also estimated to propel the growth of this segment in the market. According to the data by The World Bank, as of 2019, current health expenditure per capita among the global population was USD 1,121.97.

Major Macro-Economic Indicators Impacting the Market Growth

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Our in-depth analysis of the global market includes the following segments: