Innovations in Mobile Health: mHealth Market to Expand at a CAGR of 11.5% by 2032
The mHealth market, encompassing mobile health applications and services, is poised for significant growth in the coming decade. The market size is projected to increase from USD 63.2 billion in 2023 to approximately USD 187.7 billion by 2032, achieving a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2024 to 2033. Several factors contribute to this robust growth. The proliferation of smartphones and increased internet penetration have made mHealth solutions more accessible, enhancing healthcare delivery and patient engagement. In 2023, mHealth apps held a dominant share of the market, particularly in areas like remote patient monitoring,…
- Date: May 14, 2024
- Author: Robert Shaw
- Category: PharmiWeb