North America mHealth Market Future Plans, Competitive Landscape and Trends by Forecast 2028
The North America mHealth market is expected to reach US$ 116,838.82 million by 2028 from US$ 19,927.92 million in 2021. The market is estimated to grow at a CAGR of 28.7% from 2021 to 2028.
Smartphones are transforming healthcare, acting as powerful tools for both managing chronic conditions and promoting healthier behaviors. These devices streamline healthcare practices by collecting vital health data and delivering essential services directly to patients.
The Rise of mHealth Technology
Mobile health (mHealth) technology is a key driver Market in this transformation, offering crucial support for treatments, disease surveillance, and the ongoing management of chronic illnesses. The widespread availability of smartphones and a diverse array of mobile health applications mean that more people than ever can access these beneficial tools.
New Opportunities and Innovations
The mHealth sector is a hotbed of innovation, continually presenting new opportunities, including product launches and cutting-edge technologies designed to improve health outcomes and encourage behavioral change. A notable example is the World Health Organization (WHO), which in September 2015 introduced an mHealth toolkit. This initiative was aimed at empowering innovators to broaden their efforts in critical areas like maternal, reproductive, newborn, child, and adolescent health.
Another significant development occurred in March 2016 when ZTE Corporation unveiled its mHealth product in Germany. This innovative solution takes the form of an all-in-one physical examination station, further demonstrating the expanding capabilities of mobile health technology.
North America mHealth market Growth and Accessibility
The continuous increase in smartphone production is making Internet access more ubiquitous, which in turn is expected to significantly boost the mHealth market. This trend is particularly evident in regions like North America, where the mHealth market is projected to experience substantial growth in the coming years. The ease of access and the constant evolution of mobile health applications are paving the way for a more connected and efficient healthcare future.
North America mHealth Market: Segmentation and Key Insights
The North America mHealth market is analyzed across four key dimensions: service type, device type, end user, and geographic distribution.
North America mHealth market Segmentation
- North America mHealth market By Service Type
- Remote Monitoring
- Diagnosis
- Treatment
- Health Support
- Fitness & Wellness
- Others
In 2020, remote monitoring accounted for the largest market share, driven by increasing demand for chronic disease management and telehealth services.
- North America mHealth market By Device Type
- Insulin Pumps
- Blood Pressure Monitors
- Glucose Monitors
- Personal Pulse Oximeters
- Others
The insulin pump segment led the market in 2020, supported by the rising prevalence of diabetes and advancements in connected insulin delivery systems.
- North America mHealth market By End User
- Mobile Operators
- Device Vendors
- Healthcare Providers
- Others
Mobile operators dominated the market in 2020, benefiting from their role in enabling mHealth connectivity and data transmission.
- North America mHealth market By Country
- U.S. (Largest market share in 2020)
- Canada
- Mexico
The U.S. remains the dominant force in North America, driven by high smartphone penetration, supportive regulations, and strong healthcare IT infrastructure.
North America mHealth market Key Players
Prominent companies shaping the North America mHealth landscape include:
- Allscripts Healthcare
- Koninklijke Philips N.V.
- Medtronic
- Boston Scientific Corporation
- Honeywell Life Care Solutions
- Cisco Systems, Inc.
- Omron Corporation
- Masimo
- AgaMatrix, Inc.
North America mHealth market Strategic Insights
Strategic insights for the North America mHealth market provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America mHealth market Regional Insights
The geographic scope of the North America mHealth market refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights