Asia Pacific Mhealth Market Size & Outlook, 2023-2030
Asia Pacific mhealth market, 2018-2030 (US$M)
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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.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
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Target buyers of Asia Pacific mhealth market databook
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Our clientele includes a mix of mhealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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Asia Pacific mhealth market size, by country, 2018-2030 (US$M)
Asia Pacific Mhealth Market Outlook Share, 2023 & 2030 (US$M)
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