North America Mobile Health (mHealth) Market Size

North America Mobile Health Market Analysis

The North America Mobile Health Market size is estimated at USD 39.96 billion in 2024, and is expected to reach USD 120.44 billion by 2029, growing at a CAGR of 24.68% during the forecast period (2024-2029).

• North America's mobile health (mHealth) market was significantly impacted by the pandemic since software developers and service providers opted for advancing mobile health technologies and continuously focused on developing mHealth applications to provide patients with point-of-care diagnoses. The initiatives taken by the government to launch mobile health apps for COVID-19-related information also boosted the growth of the market during the pandemic.
• For instance, in January 2021, the Department of Health, Louisiana, United States, launched COVID Defense. It was Louisiana's free, easy-to-use phone app that provided residents of Louisiana the information needed to fight COVID-19 without compromising their privacy. Such launches in the country are expected to contribute to the growth of the market. In the coming years, the market is anticipated to witness fair growth owing to the increase in the adoption of mobile health technologies in health care and the rise in technological advancements in mHealth services across North America.
• The significant factors contributing to the market growth in the region are an increase in the use of smartphones and gadgets, a rise in investments in personalized medicine, and a rise in awareness towards early diagnosis of the treatment. Moreover, many key players are launching their mHealth-related products via smartphones and smart gadgets to the market, which is likely to be a driving factor for the market growth. For instance, in May 2021, SleepSmartz launched a new app that may help people who suffer from insomnia. In some cases, insomnia may be brought on by substance use, depression, post-traumatic stress disorder, suicidal thoughts, and/or a large amount of stress. When combined with the science of relaxation, SleepSmartz provides a powerful tool to overcome insomnia.
• Furthermore, strategic acquisitions by the key players are expected to increase the presence and product availability across North America. For instance, in November 2022, the Canadian network of medical clinics Elna Medical acquired of M-Health Solutions, a remote health diagnostics and monitoring solution provider.
• M-Health Solutions provides in-home cardiac diagnostic and real-time monitoring systems that include wearable ECG technologies (Holter monitors) and a cloud-based AI-enabled reporting service. Additionally, the advancements in the chronic disease sectors using mobile health are expected to increase the need for mHealth across the region. For instance, as per the article published in September 2021 in PubMed, Mobile health technologies (mHealth) are recognized by the American Heart Association as an emerging technique in reducing CVD risk factors, with tremendous potential for improving population health.
• Thus, due to the rise in the adoption of mHealth services and products across the region and the increase in technological advancements in mHealth, the studied market is expected to witness growth over the forecast period. However, data privacy issues associated with mHealth products and services are expected to hinder the growth of mobile health in the North American region.