The global mhealth (medical mobile applications) market is expected to be worth US$10.2 billion by 2018, up from US$1.3 billion at a compound annual growth rate of 41.5 per cent from 2012 -2018,according to a new report by US-based Transparency Market Research.
The mHealth market is being driven by the increasing adoption of smartphone applications which improve healthcare delivery and dissemination of medical information.
The most impactful trend witnessed in the market is the growth in remote patient monitoring, which reduces costs by cutting the time the patient spends in hospital and also by lowering the frequency of follow-up visits to physicians. Demand for aging solutions and post-acute care services also are aiding mHealth market growth.
North America commands the largest share of mHealth market revenue followed by Europe and the Asia Pacific region.
The current mHealth deployments in the Asia Pacific region are primarily focused on improving the efficiency of the healthcare work force and systems.
India is emerging as one of the mHealth hotspots in the region with a varied range of mHealth solution launches. Though the mHealth market has witnessed increasing influence of emerging economies, highest per capita expenditure on mHealth applications will continue to be from developed regions such as the US and Canada, owing to an increasing percentage of chronic diseases and higher disposable income.
The mHealth market comprises a mix of players from different categories namely mobile operators, content developers, device vendors and healthcare providers. Key players include AT&T, AllScripts Healthcare Solutions, AirStrip Technologies, Qualcomm, Vodafone, Soft Serve, HealthSaaS and mQure.
The global mhealth (medical mobile applications) market is expected to be worth US$10.2 billion by 2018, up from US$1.3 billion at a compound annual growth rate of 41.5 per cent from 2012 -2018,according to a new report by US-based Transparency Market Research.
The mHealth market is being driven by the increasing adoption of smartphone applications which improve healthcare delivery and dissemination of medical information.
The most impactful trend witnessed in the market is the growth in remote patient monitoring, which reduces costs by cutting the time the patient spends in hospital and also by lowering the frequency of follow-up visits to physicians. Demand for aging solutions and post-acute care services also are aiding mHealth market growth.
North America commands the largest share of mHealth market revenue followed by Europe and the Asia Pacific region.
The current mHealth deployments in the Asia Pacific region are primarily focused on improving the efficiency of the healthcare work force and systems.
India is emerging as one of the mHealth hotspots in the region with a varied range of mHealth solution launches. Though the mHealth market has witnessed increasing influence of emerging economies, highest per capita expenditure on mHealth applications will continue to be from developed regions such as the US and Canada, owing to an increasing percentage of chronic diseases and higher disposable income.
The mHealth market comprises a mix of players from different categories namely mobile operators, content developers, device vendors and healthcare providers. Key players include AT&T, AllScripts Healthcare Solutions, AirStrip Technologies, Qualcomm, Vodafone, Soft Serve, HealthSaaS and mQure.
