Top Companies in the Global mHealth Apps Market

The global mHealth apps market was valued at USD 67.85 billion in 2023, driven by the rising availability of technologically advanced mHealth apps across the globe. The market is further expected to grow at a CAGR of 17.8% in the forecast period of 2024-2032 to attain a value of around USD 296.40 billion by 2032.

mHealth or mobile health apps refer to software applications designed for smartphones, tablets, and other mobile devices to support health and wellness. Such apps also help people manage chronic illnesses and improve treatment adherence. Many mHealth apps allow users to track health parameters such as heart rate, blood pressure, and blood glucose levels. These apps can often be synced with wearable devices like smartwatches or fitness bands. Fitness apps are increasingly becoming popular among consumers. They can track and monitor physical activity, count steps, and provide workout routines.

According to the International Telecommunication Union (ITU), the United Nations specialized agency for information and communication technologies, there are around 5.4 billion people, or roughly 67% of the world’s population estimated to use the Internet in 2023, representing 45% increase in the number of people who have come online since 2018. This indicates the rising penetration of internet connectivity across the globe, which is likely to boost the market size. 

The mHealth apps market growth is supported by significant investments from venture capital firms and healthcare organizations, among others. This substantial funding is catalyzing the development and commercialization of these apps. Further, there is a growing demand for mHealth apps focused on mental well-being, which is expected to shape the market landscape. Major market players are increasingly investing in integrating artificial intelligence into mental health apps to offer features like mood tracking and real-time emotional support.

The market also benefits from the heightened public awareness regarding the importance of preventive healthcare. This is prompting many individuals to use mHealth apps to maintain their health and prevent disease. Moreover, increased government initiatives that encourage the use of digital health solutions are anticipated to elevate the market value of mHealth apps.

 
Top Companies Leading the Global mHealth Apps Market in 2024

1.    Abbott Laboratories

Abbott Laboratories, a global medical device company based in North Chicago, Illinois, is a key player in the market. The company is focused on integrating its medical devices with advanced digital health solutions to improve patient outcomes and user satisfaction. Abbott is known for investing heavily in artificial intelligence and machine learning technology in order to offer predictive capabilities and personalized health recommendations in its mHealth apps. One of the company's key products is the LibreLinkUp app which allows caregivers to connect with the FreeStyle Libre system (glucose monitoring system) of their loved ones and monitor their glucose levels.

2.    Samsung Electronics Co. Ltd.

This South Korean multinational major appliance and consumer electronics corporation uses its robust portfolio of smartphones, wearables, and other devices to offer digital health solutions. Samsung Health is the company's health and wellness app that can help the user track various health metrics such as physical activity, sleep, heart rate, and stress levels. The mHealth app can also provide personalized health insights and recommendations. Samsung’s line of smartwatches Galaxy Watch Series can integrate with Samsung Health to offer real-time health monitoring including ECG and fitness tracking. The company's focus on personalized health solutions and continuous health monitoring solutions is expected to maintain its leadership in the mHealth apps market.

3.    F. Hoffmann-La Roche AG

Swiss multinational holding healthcare company Roche operates under two divisions: Pharmaceuticals and Diagnostics. The company is engaged in integrating mHealth apps with its diagnostic tools to facilitate better management of chronic conditions. Roche's mySugr® app is one of its popular products used for diabetes management. The app can track the user's blood sugar level and monitor physical activity. mySugr app can be connected with a secure online diabetes management system called Roche Diabetes Care Platform that allows the sharing of diabetes data with the healthcare team.

4.    Apple, Inc.

American multinational technology company Apple, Inc. has a prominent presence in the market. The company significantly contributes to market growth by focusing on innovation in its mHealth apps and ensuring the privacy and data security of its users. Apple continuously gives updates to health-related features, such as ECG and blood oxygen monitoring, to maintain its market position. Apple Health is a centralized app offered by the company that provides a comprehensive view of the user's health by tracking metrics such as activity levels, sleep patterns, heart rate, and nutrition. Apple Watch is a wearable device that can be easily integrated with Apple Health, offering features such as electrocardiogram (ECG) readings, blood oxygen level monitoring, and heart rate tracking.

5.    Koninklijke Philips N.V.

Dutch multinational conglomerate corporation Koninklijke Philips N.V. is a leading health technology company that has established itself as a major company in the mHealth apps market by developing mHealth solutions that improve patient care and outcomes. The company's focus on AI-driven solutions and remote patient monitoring is contributing to the innovation in the market. Philips Lifeline is a medical alert service that helps seniors or people with health concerns access emergency assistance quickly. Philips Lifeline also includes a mobile app (Philips Lifeline response app) that allows users to contact emergency services with one touch from their smartphone. The app also allows monitoring of health metrics such as heart rate and activity levels.