The global mHealth market size is expected to reach USD 49.12 billion by 2020, growing at a CAGR of 47.6% from 2013 to 2020, according to a new report by Grand View Research, Inc. Monitoring services is expected to grow at an estimated CAGR of 49.7% from 2014 to 2020.
Growing aging population along with rising incidences of chronic diseases such as cancer, heart ailments, and diabetes is anticipated to drive market demand. Introduction of new generation connected medical devices; healthcare providers find it easy to offer medical services at reduced costs.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/mhealth-market
Further key findings from the study
suggest:
·
Growing need to maintain a secure infrastructure
for data safety and security is anticipated to restrain mobile health market
growth. On account of the increasing healthcare expenditures, affordability and
availability of healthcare services is expected to pose a challenge to the
mHealth industry.
·
The mHealth market can be segregated on the
basis of services and participants. Services include healthcare systems
strengthening, diagnosis services, monitoring services, and other services.
Participants include content players, healthcare providers, device vendors and
mobile operators.
·
Monitoring services include chronic disease
management, independent aging solutions, and post acute care services.
Diagnosis services particularly, enable healthcare professionals to connect
with patients for offering diagnosis of ailments as well as health related
issues. Regulatory support is expected to drive the use of aforementioned
services demand which further includes interoperability and standardization.
·
Mobile operators accounted for 48% of the
overall market in 2012, with majority of their revenue originating from
monitoring services such as independent aging solutions. Mobile operators offer
varied solutions along with connectivity services which include health call
centers, content-based wellness information, and mobile telemedicine. Device
vendors are engaged in offering tools for transmitting captured information
over mobile networks.
·
Driven by the need for accessible healthcare,
the Asia Pacific market is expected to the fastest growing regional market, at
an estimated CAGR of 49.1% from 2014 to 2020. Low penetration of medical
practitioners and growing rural population in Asia Pacific region are expected
to open avenues for revenue generation. Furthermore, North America is expected
to hold a considerable share in global market over the forecast period on
account of increasing health projects and high smartphones penetration.
·
Leading players emphasize on investment on
research & development and strengthening competitiveness with the
introduction of innovative solutions. Key players include AT&T, Vodafone,
Apple, Allscripts Healthcare Solutions, Qualcomm Inc., and Samsung Electronics
Corporation and mQure.
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this category @ http://www.grandviewresearch.com/industry/healthcare
Grand View Research has segmented
the global mHealth market on the basis of services, participants and
region:
mHealth Services Outlook
(Revenue, USD Million, 2012 – 2020)
• Monitoring Services
• Independent Aging Solutions
• Chronic Disease Management
• Post Acute Care Services
• Diagnosis Services
• Healthcare Systems Strengthening Services
• Others
mHealth Participants
Outlook (Revenue, USD Million, 2012 – 2020)
• Mobile Operators
• Device Vendors
• Content Players
• Healthcare Providers
mHealth Regional Outlook
(Revenue, USD Million, 2012 – 2020)
• North America
• U.S.
• Canada
• Europe
• France
• Germany
• Italy
• Russia
• UK
• Asia Pacific
• Australia
• India
• China
• Japan
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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James
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Grand
View Research, Inc.
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Email: sales@grandviewresearch.com
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