From GlobeNewswire:

Custom Market Insights released a report on the global mHealth market, estimating a value of USD 71.5 Billion in 2022, projected to reach USD 374.6 Billion by 2032 with a CAGR of 17.6%. mHealth uses mobile devices for healthcare delivery, offering monitoring, diagnostics, and treatment services. Wearable gadgets and smartphones are increasing access to healthcare, and AI technology enhances healthcare delivery. The COVID-19 pandemic accelerated the adoption of telemedicine and virtual care solutions, highlighting the importance of remote healthcare delivery. Data privacy and security are key concerns in mHealth, with regulations pushing for compliance to protect health information. Omada Health partners with Castell to offer integrated virtual treatment options for chronic conditions like diabetes and hypertension. The report includes detailed market analysis, company profiles, growth factors, and trends. North America dominates the mHealth market, driven by strong healthcare infrastructure, smartphone penetration, regulatory support, and collaboration between tech companies and healthcare providers. The market is segmented by device type, service, application, and region, with North America leading in market share.

Overall, the mHealth market is rapidly growing, fueled by technological advancements, increased access to healthcare through mobile devices, and the adoption of AI and machine learning. The COVID-19 pandemic accelerated the shift towards telemedicine and virtual care solutions. North America leads the market, driven by robust healthcare infrastructure, regulatory support, and collaboration between technology companies and healthcare providers. Privacy and data security are top priorities in mHealth, with regulations like GDPR and HIPAA driving compliance efforts. Collaborations like the partnership between Omada Health and Castell provide integrated virtual treatment options for chronic conditions, improving healthcare accessibility. The mHealth market offers a wide range of opportunities for growth and innovation, with key players like Apple, Google, Samsung, and Garmin driving advancements in the industry.



Read more at GlobeNewswire: [Latest] Global mHealth Market Size/Share Worth USD 374.6