Per capita expenditure on healthcare in developed economies is increasing at a faster rate than inflation and income levels, chiefly due to ageing population and chronic diseases which are lifestyle driven.
Portland, Oregon (PRWEB UK) 6 May 2014
Allied Market Research published a report, titled “MHealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 - 2020”. The report observed that the global Mhealth market stood at $6.7 billion in 2012. It is further expected to reach a value of 58.8 billion by 2020, at a CAGR of 32.3% from 2013 to 2020. This can be majorly credited to increasing per capita healthcare expenditure both in developing and developed economies.
“Per capita expenditure on healthcare in developed economies is increasing at a faster rate than inflation and income levels, chiefly due to ageing population and chronic diseases which are lifestyle driven,” note Allied Market Research analysts. “However, there has not been corresponding improvement in the quality of healthcare services delivered, especially in developing regions. Additionally, developing economies are even struggling to provide healthcare access at every level to their people,” explain the analysts.
To view the complete report, visit the website at http://www.alliedmarketresearch.com/mobile-health-market.
Wide use of Smartphones globally has triggered monitoring and diagnostic services to provide continuous healthcare services. Mhealth market is expected to grow exponentially during the analyzed period due to technological advancements that make the integration of wireless technology with the portable healthcare devices feasible. Other factors that are positively impacting the growth of this market are increasing incidences of lifestyle diseases, cost and convenience factors, government initiatives, affordability of smart phones. There are many unexplored markets in developing nations that further provide an immense amount of possibilities for the growth. Also, need to control communicable and non-communicable diseases would propel the growth of Mhealth market, since Mhealth devices operate irrespective of skilled professionals and locations. You only need access to a Smartphone.
However, less effective reimbursement policies, lack of accuracy & technology infancy, with resultant lower adoption and uncertainty in the government regulations are expected to work as a major deterrent for the growth of market.
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As per the report, the mHealth market is segmented into devices, stakeholders, services, and therapeutic areas. In terms of stakeholders market, the report forecasts device vendors and mobile operators to jointly have more than 75% of the total market share.
In terms of geographical analysis, the report forecasts North America and Europe to have around 55% of the share in the overall regional market.
View the global medical robotics and computer assisted surgery market report at http://www.alliedmarketresearch.com/medical-robotics-computer-assisted-surgery-market.
The report provides detailed view about the important market manufacturers. They are:
Omron HealthCare, Inc.
Sanofie, Boston Scientific
Johnson & Johnson.
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