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.
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.
Browse full research report on mHealth Market: https://www.grandviewresearch.com/industry-analysis/mhealth-market
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
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/healthcare
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, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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