Europe Mhealth Market Size & Outlook, 2023-2030
Europe mhealth market, 2018-2030 (US$M)
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Europe mhealth market highlights
- The Europe mhealth market generated a revenue of USD 17,218.5 million in 2023.
- The market is expected to grow at a CAGR of 14.6% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 17,218.5 million |
| Market revenue in 2030 | USD 44,709.7 million |
| Growth rate | 14.6% (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, Europe region accounted for 26.9% 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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Europe 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 Europe mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
An increasing number of mHealth apps and services are being launched in Europe, focusing mainly on monitoring patients with chronic diseases and aiding independent aging solutions. According to Eurostat, in January 2023, the estimated population of the EU was 448.8 million, with 21.3% of it aged 65 years and above.
In addition, the increasing adoption of smartphones is expected to drive the demand for various health and wellness-related mobile apps. The UK, Germany, Norway, and Spain have contributed significantly to market growth and are some of the prominent countries in the regional market.
In October 2020, the American Telemedicine Association (ATA) collaborated with a UK-based digital health evaluator to introduce a tool for healthcare providers, payers, and other interested parties to access recommendations on quality based mHealth applications. Moreover, the EU is focusing on the expansion of the mHealth market in the region.
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Our clientele includes a mix of mhealth market companies, investment firms, advisory firms & academic institutions.
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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 Europe mhealth market , including forecasts for subscribers. This continent databook contains high-level insights into Europe mhealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe mhealth market size, by country, 2018-2030 (US$M)
Europe Mhealth Market Outlook Share, 2023 & 2030 (US$M)
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