mHealth Market - Growth Drivers and Challenges
Growth Drivers
- Rapid Digitalization across Various Organizations around the World – Nearly 65% of the world’s Gross Domestic Product (GDP) is predicted to be digitized by 2022, and digitally transformed organizations are projected to contribute to more than half of the global gross domestic product (GDP) by 2023, accounting for nearly USD 54 trillion.
- Rising Adoption of Smart Phones – According to estimates, the number of smartphone users worldwide was approximately 6 billion in 2021, which is projected to reach 7.5 billion by the end of 2027.
- Increasing Penetration of Internet – According to the World Bank data, the proportion of the population using the Internet was around 49% in 2018, which increased to 60% in 2020.
- Rising Adoption of Telemedicine Practices – According to data from the Centers for Disease Control and Prevention, in March 2020, telehealth visits increased by about 154% compared to March 2019.
- Growth of Geriatric Population Level – Globally, the population aged 60 years and above is projected to reach around 1.4 billion in numbers by the end of 2030, up from 1 billion in 2020, according to the World Health Organization (WHO) data.
Challenges
- Concerns related to Privacy and Data Security
- mHealth has Weak Reimbursement Coverage
- Lack of Awareness about Technology among Old Age Population
mHealth Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
12.2% |
|
Base Year Market Size (2025) |
USD 38.42 billion |
|
Forecast Year Market Size (2035) |
USD 121.47 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of mHealth is estimated at USD 42.64 billion.
The global mHealth market size was more than USD 38.42 billion in 2025 and is anticipated to grow at a CAGR of over 12.2%, reaching USD 121.47 billion revenue by 2035.
North America’s mhealth market will secure around 38.8% share by 2035, fueled by developing healthcare infrastructure and rising healthcare expenditure.
Key players in the market include Cerner Corporation, Apple Inc., AIRSTRIP TECHNOLOGIES, INC., ALE International, AT & T, Inc., Qualcomm Incorporated, SoftServe Inc., Vodafone Group Plc, Boston Scientific Corporation, Teladoc Health, Inc.
