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The global mHealth market size was valued at USD 45.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 17.6% from 2021 to 2028.

Wearable technology has the potential to offer novel solutions to the healthcare system. Some wearable technology solutions, such as weight control and health and fitness monitoring, aim to prevent diseases and maintain health. Wearable devices are also used to keep track of patients and diagnose diseases. Wearable apps have the potential to have a direct impact on clinical evaluation. Some feel that wearable technology in healthcare, such as patient therapy outside of hospitals, could enhance the quality of care while lowering costs.