Rockville, MD (PRWEB) September 18, 2013
mhealth Apps and Solutions Market By Connected Devices (Cardiac Monitoring, Diabetes Management Devices), Health Apps (Exercise, Weight Loss, Women’s Health, Sleep and Meditation), Medical Apps (Medical Reference) – Global Trends and Forecast to 2018
mHealth is a successful integration of mobile technology and healthcare services that entail a revolution in the global healthcare solutions market. The global mHealth market is estimated to be valued at $6.6 billion in 2013 and is expected to reach $20.7 billion by 2018 at a healthy CAGR of 25.5%.
The mobile healthcare market is broadly categorized into connected medical device and healthcare applications; the former dominates the revenue market with around 80% in 2013. The healthcare apps market is dominated by exercise apps with just less than one-fifth of the share. Sleep and meditation, and weight loss apps are expected to grow at the highest CAGR during the forecast period.
Analysis of market dynamics reveals that the major drivers of this market include increasing awareness of chronic diseases, growing adoption of smartphones, high penetration of 3G and 4G network, advanced mobile connectivity, and a promise of better healthcare cost-efficiency. On the other hand, stringent regulations by the FDA and the EU, and data insecurity hinder market growth. Low patient-doctor ratio in underdeveloped countries such as Africa and other potential mHealth platforms such as smart TV increase the scope of mHealth penetration globally.
The trend of venture capital investment presents a significant development in the mobile platform for healthcare solutions and data security. In 2012, monitoring segment, healthcare IT, and consumer apps fetched the maximum venture capitals. Benchmarking strategy analysis reveals market preference towards providing comprehensive solutions with an integrated platform. The connected device market is also expected to amalgamate with companion apps to offer better healthcare solutions.
North America holds the largest share of the global mHealth market in 2013. It is estimated to be valued at $2.9 billion in 2013, while Europe and Asia will witness potential growth due to significant adoption of mobile health technology and government initiatives. U.K. India, China, Japan, Africa, and Australia are the major contributors amongst all emerging countries in 2013.
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mhealth Apps and Solutions Market By Connected Devices (Cardiac Monitoring, Diabetes Management Devices), Health Apps (Exercise, Weight Loss, Women’s Health, Sleep and Meditation), Medical Apps (Medical Reference) – Global Trends and Forecast to 2018 – Table of Contents:
2 Executive Summary
3 Market Overview
3.1 Mobile Healthcare Ecosystem
3.1.1 Device Manufacturers
3.1.2 Application Developers
3.1.3 Network Providers
3.1.4 Healthcare Providers
3.2 Market Segmentation
3.3 Market Dynamics
126.96.36.199 Growing Adoption Of Smartphones, Tablets, And Pda To Goad Mobile Technology In Healthcare
188.8.131.52 Increasing Awareness Of Chronic Diseases Management To Elicit The Need For Continuous Monitoring
184.108.40.206 Advanced Connectivity To Enhance The Quality Of Healthcare Solution
220.127.116.11 Robust Penetration Of 3g And 4g Network To Provide Uninterrupted Healthcare Services
18.104.22.168 Better Cost Efficiency To Encourage Medical Professionals Adopting Mhealth Solutions
22.214.171.124 Stringent Regulations To Prolong The Introduction Phase
126.96.36.199 Data Insecurity To Affect Credibility
188.8.131.52 Rapid Evolution Of Technologies Challenging Existing Mhealth Solutions
184.108.40.206 Ios-based Business Model Restricting Mhealth Audience
220.127.116.11 Inappropriate Patient-doctor Ratio In Underdeveloped Countries To Welcome Remote Monitoring
18.104.22.168 Expansion In The Mhealth Solution Providing Medium From Smartphones To Other Mobile Options
3.4 Product Life Cycle Analysis
3.4.1 Apps Market Is In Introduction Phase, Connected Device Has Entered Growth Phase
3.5 Market Chasm Analysis
3.6 Regulatory Affairs
3.6.1 Mobile Medical Apps Also Require Fda Approval
3.7 Venture Capital Analysis
3.7.1 Healthcare It Service Fetched The Maximum Support From Vcs
3.8 Strategic Benchmarking
3.8.1 Solution Enhancers
3.8.2 Healthcare Providers
3.9 Market Share Analysis
4 Mobile Healthcare Solutions
5 Geographic Analysis
6 Competitive Landscape
7 Company Profiles (Overview, Financials, Products & Services, Developments & Strategy)*
8 List Of Tables