Global mHealth Market to reach USD 10.2 Billion by 2018

The global mHealth industry is poised to reach a mammoth USD 10.2 billion in 2018 from a mere USD 1.3 billion in 2012. The report was published by Transparency Market Research. The CAGR growth of the mHealth market from 2012 to 2018 is expected to be at 41.5%. The monitoring services segment is in commanding position having contributed about 63% of the global mHealth market revenue in 2012.

The rapid penetration of smartphones and their adoption has fueled the growth of global mHealth market. The development of smartphone applications has created new and interactive ways of communication between patients and healthcare providers. Use of smartphone applications is expected to revolutionize the mHealth market by improving healthcare delivery and dissemination of medical information.

Browse the full report with TOC at http://www.transparencymarketresearch.com/mobile-health-market.html

Remote patient monitoring is by far one of the most impactful trends in the mHealth market. By being able to monitor patients remotely, both doctors and patients can significantly save time and costs by reducing the frequency of follow ups between the patient and doctor. In addition, quick service and ease of use functionalities, and rising healthcare expenditure are supporting faster adoption of mHealth applications. Moreover, increasing demand for independent aging solutions and post-acute care services are also aiding the 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 workforce 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 U.S. and Canada, owing to an increasing percentage of chronic diseases and higher disposable income.

The use of technology in modern Healthcare is no longer an option but a necessity for providing a high quality service to the patients. Mobile apps bring in the glamour & usability but the onus for providing core functionality is totally on the core applications.

KMG, with its technology agnostic teams servicing a broad technology spectrum, has teams that can provide end-to-end solutions for any industry. These teams, comprising of industry experts as well as technical resources, can help you conceptualize, design & build your core applications along with the mobile apps.

Read more: http://www.kmgus.com/healthIT/healthIT.html

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