Global Mobile Health Market Will Reach $21.5B In 2018

https://i2.wp.com/blog.axeda.com/Portals/514/images/mhealth6-resized-600.jpg

According to a new research from BCC Research, the mobile health (mhealth) industry revenue growth will reach a staggering $21.5 billion in 2018. The mHealth industry is expected to grow at an impressive compound annual growth rate (CAGR) of 54.9%. Europe is coming up as a strong market in the mHealth division and is expected to outdo the current leader, North America, by 2018. [@HealthITplus]

BCC Research, a research firm publishing technology market reports, says smartphones will play key role in enabling new technologies in the mobile health market. Smartphones will also augment significant improvements in other areas such as wireless coverage and remote patient monitoring, all of which are key ingredients for the mHealth industry.

Also see: Global mHealth Market Expected To Reach USD 49 Billion by 2020

“mHealth solutions can help to rapidly improve healthcare access in developing countries and maintain quality healthcare services in the face of increased patient burden in the developed countries,” BCC healthcare analyst Dr. C. L. Barton said in a statement. “In addition, mHealth technologies can provide companies with a competitive advantage in the increasingly competitive pharmaceutical environment.”

BCC Research released a report earlier this year that predicted the global market for EHR-compatible wireless patient monitoring devices and mobile-enabled EHR software would hit $23.5 billion by 2018. The report also said that market was valued at $9.6 billion in 2012 and $11.2 billion in 2013.

Like this story? Share and subscribe to HealthIT+ monthly newsletter

Advertisements

What do you have to say?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s