Mobile Health (mHealth)
October 2, 2022
Monika Agarwal, David Frick, Grant Helton, Siva Kishore Karimikonda, Vishwanath Maram, Duane Shen
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Abstract
The market for Mobile Health (mHealth) apps is currently at $53.6 billion and will be $166.2 billion by 2028. Before the Covid-19 Pandemic there was growing research and awareness of mental health issues within the workplace. The pandemic created a unique natural experiment to force new capabilities for telehealth and mHealth apps to be used on a global scale. There was also a significant uptick in reported mental health impacts during that time. Now as we rise out of the pandemic, there is a new focus on personal balance of work and mental health. There is also more openness of employees to report these impacts. All of these things will drive the next major surge of investment and innovation in this space, making mental health more accessible than ever before at lower costs and with easier access.
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