Global Connected mHealth Devices Market Size (2024 - 2030)

The global connected mHealth devices market attained a valuation of USD 25.09 Billion and is anticipated to achieve USD 48.58 Billion by the culmination of 2030. Throughout the estimated period spanning 2024 to 2030, the market is set to grow at a CAGR of 9.9%.

Connected mHealth Devices Market Overview

Mobile Health (mHealth), a condensed form of mobile health, denotes the practice of medicine and healthcare via smartphones, tablets, and computers. The proliferation of mobile technology in emerging economies and its enhanced accessibility have significantly bolstered the swift expansion of the mHealth sector in recent times. eHealth, a healthcare subfield employing computers, emails, satellite communications, and monitors, is familiar to many. Analogously, mHealth technology operates on smartphones, tablets, and other portable devices, facilitating tasks such as gathering vital signs, transmitting data to physicians, and enabling remote examinations.

In developing nations, mHealth primarily focuses on promptly acquiring information for diagnosing illnesses, monitoring diseases, and disseminating timely information. Particularly in remote regions where medical professionals might not be readily available, Mobile Health (mHealth) holds notable significance. It empowers healthcare practitioners in these distant locales to access timely disease management data and exchange actionable health insights with their peers. Furthermore, medical students and interns working within remote communities benefit by swiftly acquiring training and education on pertinent health topics through this mobile health technology.

Global Connected mHealth Devices Market Drivers:

The escalating emphasis on enhancing personal health and fitness utilizing smart devices and wearables propels the global connected mHealth devices market's growth trajectory.

The widespread adoption of smart devices and wearables for monitoring health and fitness levels, offering real-time data and feedback, is a key factor fuelling the demand for connected mHealth devices globally and augmenting market expansion.

Another contributing factor to the global connected mHealth devices market's growth is the surging prevalence of chronic diseases.

The mounting occurrence of chronic diseases like diabetes, heart disease, high blood pressure, and obesity on a global scale has raised concerns regarding healthcare accessibility and availability, prompting initiatives from companies and governments alike. Connected mHealth devices serve as a means for individuals to monitor their health and prevent the onset of such diseases, thereby driving demand for connected mHealth devices.

Global Connected mHealth Devices Market Challenges:

The global connected mHealth devices market faces challenges primarily related to a lack of technological awareness among the elderly population and the costs associated with these devices. The elderly demographic might not be as tech-savvy as younger individuals or may exhibit hesitance towards adopting new technologies, thereby potentially limiting the demand for connected mHealth devices. Additionally, high-quality connected mHealth devices, offering highly accurate data, could pose financial challenges for individuals with lower incomes or restricted access to healthcare. Consequently, these challenges impede the global connected mHealth devices market's growth.

Global Connected mHealth Devices Market Opportunities:

Enhanced sensor technologies and the integration of advanced technologies into connected mHealth devices present lucrative prospects within the global Connected mHealth Devices market. By leveraging advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML), alongside enhanced sensor technology, connected mHealth devices can capture more detailed and precise health data. This, in turn, enables the provision of personalized insights and recommendations based on an individual's health data, potentially leading to more accurate diagnoses, early detection of health issues, and more effective treatment recommendations.

COVID-19 Impact on the Global Connected mHealth Devices Market:

The onset of the COVID-19 pandemic significantly influenced the global connected mHealth devices market. Stringent lockdowns, travel restrictions, and social distancing measures across numerous nations hampered the manufacturing capacities of many companies and resulted in a shortage of skilled labor. The pandemic-induced disruptions in supply chains and the distribution of goods and services notably affected the availability of connected mHealth devices, thereby negatively impacting market growth. However, as individuals sought means to monitor their health from home and engage with healthcare providers remotely, the pandemic accelerated the adoption of remote healthcare services such as telemedicine and remote patient monitoring. Furthermore, amidst the diversion of healthcare resources towards managing the pandemic, there emerged a shift towards the remote monitoring of chronic diseases using connected mHealth devices. This proactive measure helped in averting disease exacerbations and reducing the necessity for in-person visits, thus positively influencing the market's growth trajectory. Consequently, the global connected mHealth devices market witnessed a blend of challenges and opportunities during the challenging period of the COVID-19 pandemic.

Global Connected mHealth Devices Market Recent Developments:

• In March 2024, researchers at Ohio State University (OSU) developed an electromagnetic wearable sensor capable of monitoring muscle atrophy, offering a reliable alternative to MRIs. The wearable sensor demonstrated the ability to detect muscle loss of up to 51 percent and track subtle changes in overall limb size.
• In June 2022, Apple, Inc. updated its Apple Watch by introducing features for medication tracking and AFib history. Through the new operating system update, watchOS 9, users can now manage their medications effectively, while individuals diagnosed with atrial fibrillation can monitor changes in their heart rhythm.

Global Connected mHealth Devices Market Segmentation: By Device Type

• Apnea & Sleep Monitors
• Blood Glucose Meters
• Blood Pressure Monitors
• ECG/ Heart Rate Monitors
• Pulse Oximeters
• Neurological Monitors
• Multiparameter Trackers
• Others

In 2022, the segment leading the market was Blood Glucose Meters. This rise is attributed to the increasing prevalence of diabetes across various age groups, including both older adults and younger individuals. Furthermore, advancements in blood glucose meter technologies, such as the introduction of Continuous Glucose Monitoring (CGM) systems, have enhanced accuracy in results and minimized the need for frequent blood draws, thereby driving growth in this sector.

Global Connected mHealth Devices Market Segmentation: By Smartphone Applications

• Remote Monitoring Apps
• Diagnostic Apps
• Medication Management Apps
• Personal Health Record Apps
• Exercise & Fitness Apps
• Diet & Nutrition Apps
• Lifestyle & Stress Management Apps
• Others

The segment that dominated the market in 2022 was Exercise & Fitness Apps. This growth can be attributed to the heightened focus on personal fitness and well-being, particularly spurred by the COVID-19 pandemic. The pandemic prompted individuals to seek ways to stay active and healthy within the confines of their homes. Moreover, the customization options available in fitness apps for tailored workout regimens, along with their integration with wearable devices, further bolstered the expansion of this segment.

Global Connected mHealth Devices Market Segmentation: By Technology

• Home Medical Devices
• Smart Wearables
• Smartphones
• Others

In 2022, the market was dominated by the Smart Wearables segment. This growth can be attributed to the diverse features offered by smart wearables, such as smartwatches and fitness bands. These devices are equipped with various sensors that enable users to monitor and track a wide range of health metrics including physical activity, heart rate, blood oxygen levels, sleep patterns, and more. Additionally, the surge in demand for remote patient monitoring and telehealth services has further fueled the expansion of this segment.

Global Connected mHealth Devices Market Segmentation: By Age Group

• Geriatrics
• Adults
• Pediatrics

Segmented by age group, the global connected mHealth devices market in 2022 saw the highest market share in the Geriatrics segment. This growth is driven by the need for continuous health monitoring and management devices among the elderly population, who are more prone to chronic health conditions.

Global Connected mHealth Devices Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• The Middle East & Africa
• South America

In 2022, North America emerged as the leader in the global connected mHealth devices market. This growth is attributed to the widespread adoption of smartphones, increased internet penetration, a robust IT infrastructure, and the growing integration of digital technologies within the healthcare sector. Moreover, the region's market expansion is fueled by the rising prevalence of diseases such as diabetes, sleep disorders, hypertension, cardiovascular diseases, and obesity among the aging population. Additionally, North America hosts several prominent market players including Garmin Ltd., Fitbit, Inc., iHealth Labs, Inc., Dexcom, Inc., and AirStrip Technologies.

Global Connected mHealth Devices Market Key Players:

1. Omron Corporation (Japan)
2. Garmin Ltd. (United States)
3. Fitbit, Inc. (United States)
4. AirStrip Technologies (United States)
5. iHealth Labs, Inc. (United States)
6. Apple, Inc. (United States)
7. Koninklijke Philips N.V. (Netherlands)
8. Xiaomi Corporation (China)
9. Dexcom, Inc. (United States)
10. Nike, Inc. (United States)