Asia Pacific Mhealth Market Size & Outlook, 2023-2030
Related Markets
Asia Pacific mhealth market highlights
- The Asia Pacific mhealth market generated a revenue of USD 16,534.1 million in 2023.
- The market is expected to grow at a CAGR of 15.5% from 2024 to 2030.
- In terms of segment, mhealth apps was the largest revenue generating component in 2023.
- MHealth Apps is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16,534.1 million |
| Market revenue in 2030 | USD 45,351.9 million |
| Growth rate | 15.5% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearables & Connected Medical Devices, MHealth Apps, Services |
| Key market players worldwide | Apple Inc, AT&T, Airstrip Technologies, Veradigm Inc, Qualcomm Inc, Vodafone Group PLC, Alphabet Inc Class A, Telefonica SA, SoftServe, Samsung Electronics Co Ltd, Orange SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.8% of the global mhealth market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 45,351.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Telefonica SA | View profile | 104142 | Ronda de la Comunicacion, s/n, Central Building Auditorium, Floor 3, Telefonica District, Madrid, Spain, 28050 | https://www.telefonica.com |
| Airstrip Technologies | View profile | 101-250 | San Antonio, Texas, United States, North America | http://www.airstrip.com/ |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Vodafone Group PLC | View profile | 85225 | Vodafone House, The Connection, Newbury, Berkshire, United Kingdom, RG14 2FN | https://www.vodafone.com |
| SoftServe | View profile | 5001-10000 | Austin, Texas, United States, North America | http://www.softserveinc.com |
| Orange SA | View profile | 129500 | 111 Quai du President Roosevelt, Issy-les-Moulineaux, Paris, France, 92130 | https://www.orange.com/en |
| Qualcomm Inc | View profile | 50000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | https://www.qualcomm.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Veradigm Inc | View profile | 7869 | 222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, United States, 60654 | https://www.veradigm.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
Asia Pacific mhealth market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mhealth market will help companies and investors design strategic landscapes.
Mhealth apps was the largest segment with a revenue share of 48.21% in 2023. Horizon Databook has segmented the Asia Pacific mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to witness the fastest growth over the forecast period in the global mHealth market, owing to increasing penetration of smartphones & smart wearables and increasing adoption of mHealth services. According to The Mobile Economy 2023 by GSMA, unique mobile subscriptions in Asia Pacific reached 1.73 billion by the end of 2022, estimated to reach 2.11 billion by 2023.
Increasing affordability is leading to a rise in the adoption of smartphones to access various applications for mHealth services. Factors such as rising healthcare expenditure, increasing incidence of chronic & infectious diseases, ineffective hospital service management, and aging population are motivating governments & healthcare providers to develop new healthcare delivery models.
For instance, according to an article in the Economic Times, by 2028, more than 60% of subscriptions in APAC are likely to be from 5G services. In addition, increasing digital health companies operating in the Asia Pacific is anticipated to boost market growth.
Reasons to subscribe to Asia Pacific mhealth market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific mhealth market databook
-
Our clientele includes a mix of mhealth market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific mhealth market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific mhealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific mhealth market size, by country, 2018-2030 (US$M)
Asia Pacific Mhealth Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
