Australia Mhealth Market Size & Outlook, 2023-2030
Australia mhealth market, 2018-2030 (US$M)
Related Markets
Australia mhealth market highlights
- The Australia mhealth market generated a revenue of USD 1,647.9 million in 2023 and is expected to reach USD 4,680.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 16.1% 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.
Mhealth market data book summary
| Market revenue in 2023 | USD 1,647.9 million |
| Market revenue in 2030 | USD 4,680.2 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.6% of the global mhealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mhealth market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,133.2 million by 2030.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 44.74% in 2023. Horizon Databook has segmented the Australia mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia, along with Singapore, is a leader in integrating digital technology into healthcare. Government-backed initiatives are among the major factors boosting market growth in the country. For instance, in 2018, the government announced plans to implement its proposal to create a digital health record for every Australian.
These factors are also responsible for the growth of the mHealth market in the country. Australia has a developed economy with a strong infrastructure in electronic and telecommunication technologies. However, some rural and remote areas in Australia have limited penetration of these technologies and are untapped.
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Target buyers of Australia 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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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 country-level data and insights on the Australia mhealth market , including forecasts for subscribers. This country databook contains high-level insights into Australia mhealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia mhealth market size, by component, 2018-2030 (US$M)
Australia Mhealth Market Outlook Share, 2023 & 2030 (US$M)
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