New Report Available: mHealth Solutions Market - Global Forecast to 2020

From: Fast Market Research, Inc.
Published: Mon Dec 21 2015


mHealth Solutions Market by Connected Devices (Blood Pressure Monitor, Glucose Meter, Pulse Oximeter) Apps (Weight Loss, Women's Health, Personal Health Record, & Medication) Services (Remote Monitoring, Consultation, Prevention) - Global Forecast to 2020

The mobile healthcare solutions market covers smartphone-connected medical devices (hardware), paid mHealth applications (software), and services. Currently, connected devices contribute the maximum share (~63.7%) to the mHealth solutions market, although the download volume of mHealth applications is higher than the installed base of connected devices.

The global mHealth solutions market is expected to grow at a CAGR of 33.4% during the forecast period (2015 to 2020). The increasing penetration of smartphones, tablets, and other mobile platforms; increasing utilization of connected medical devices and mHealth apps in the management of chronic diseases; the advent of advanced connectivity and network technologies; robust penetration of 3G and 4G networks to provide uninterrupted healthcare services; and rising focus on patient-centric healthcare are the major drivers for this market. However, the risk of data theft, stringent regulations by the FDA and EU, low guidance from physicians in selecting apps, and resistance from traditional healthcare providers may restrain market growth.

Full Report Details at
- http://www.fastmr.com/prod/1076652_mhealth_solutions_global.aspx?afid=301

In 2014, North America commanded the largest share of the global mHealth solutions market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to grow at the highest CAGR of 38.1% during the forecast period. Growth in this regional segment is largely driven by the rapidly aging population, increasing prevalence of chronic diseases, and lack of primary healthcare facilities in the rural areas of this region.

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