MHealth Market To Reach $49.12 Billion By 2020: Grand View Research, Inc.
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.
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research report on mhealth market: www.grandviewresearch.com/industry-analysis/mhealth-market
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.
U.S. mHealth market by service (USD Million), 2012 - 2020 |
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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reports of this category by Grand View Research: 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
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Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mHealth-market
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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