Portland, Oregon (PRWEB UK) 7 May 2014
A report titled “mHealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 – 2020,” was recently published by Research Beam.
As per the report, value of global Mhealth market in 2012 was $6.7 billion. It would reach $58.8 billion by 2020 with a CAGR of 32.3% from 2013 to 2020. This can be majorly attributed to increasing per capita healthcare expenditure, both in developed and developing nations.
To view the complete report, visit at http://www.researchbeam.com/mobile-health-market
“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 the 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.
Continuous healthcare services have become a possibility due to extensive use of Smartphones which provides access to monitoring and diagnostic services. Mhealth market is anticipated to grow rapidly during the estimated period as integration of wireless technology with portable healthcare devices is possible due to technological advancements. Other factors propelling the growth of Mhealth market are increasing incidences of lifestyle diseases, cost and convenience factors, government initiatives, affordability of smart phones, etc. Many untapped markets in developing nations would further provide a platform for the growth of this market. Since Mhealth devices function irrespective of skilled professionals and locations, need to control communicable and non-communicable diseases would push the growth of Mhealth market. The only thing you would need for it to work is a Smartphone.
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However, lack of accuracy & technology infancy, lower adoption, ineffective reimbursement policies, and uncertainty in the government regulations would hinder the market growth.
The report segments Mhealth market into devices, stakeholders, services, and therapeutic areas. In terms of stakeholders market, device vendors and mobile operators would account more than 75% of the total market share.
View all healthcare market report at http://www.researchbeam.com/healthcare-market-report
In terms of geographical analysis, the report forecasts North America and Europe to have around 55% of the share in the global regional market.
The report provides detailed view about the important market manufacturers. They are
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