Smart Insights Report: mHealth Revenue to Pass the EUR 100 Billion Bar by 2020

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The latest Smart Insights Report: “mHealth: Game Changer for Healthcare,” by Intelling, focuses on mHealth solutions, which include the use of mobile devices to deliver healthcare services. According to Smart Insights research, mHealth revenue will be over EUR 100 million in 2020.

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Thierry Spanjaard, CEO of Smart Insights declares: “mHealth is already disrupting the way healthcare is delivered and the secure transactions industry will play a central role in this change over the next few years."

The recent Smart Insights Report “mHealth: Game Changer for Healthcare,” analyzes in detail the dynamics and the specificities of the mobile health business. mHealth refers to the use of mobile communications technology and devices to provide healthcare solutions, whether this is for prevention, diagnosis, treatment or medical follow-up. As these solutions are used both for medical practice and non-medical practice, mHealth benefits multiple players involved in the value chain. Patients can manage their health more actively; healthcare professionals can provide more accurate diagnosis and personalized treatment and medication. As a result, the healthcare ecosystem is bound to become more efficient and reduce costs.

According to the Smart Insights Report “mHealth: Game Changer for Healthcare,” mHealth devices shipments are expected to keep growing in the next years at a 46% CAGR (Compounded Annual Growth Rate) between 2015 and 2020, leading to 718.5 million units to be shipped in 2020. The Smart Insights Report segments the mHealth market in three categories according to the devices main functionality:

  • Health Promotion Devices,
  • Remote Diagnostic & Assisted Living Devices,
  • Decision Support Devices

and provides detailed analysis along these segments and their sub-segments.

The Smart Insights Report “mHealth: Game Changer for Healthcare,” also forecasts revenues for each market segment of the mHealth market for the period between 2015 and 2020. Total revenues are expected to grow at a CAGR of 36% during the forecast period to achieve EUR 104 billion in 2020. “Health Promotion Devices”, which includes mainly solutions used to improve wellness and fitness, contributes with the largest slice of shipments, as well as revenues.

Thierry Spanjaard, CEO of Smart Insights declares: “mHealth is already disrupting the way healthcare is delivered and the secure transactions industry will play a central role in this change over the next few years. The secure transactions industry has successfully demonstrated its ability to bring confidence and ensure privacy thanks to security techniques.”

Silvana Pintão, industry analyst for Smart Insights and author of the report adds: “mHealth is already a reality with multiple pilots underway. But to achieve widespread adoption, stakeholders will need to start cooperating and developing interoperable solutions.”

mHealth solutions include numerous technological solutions, focusing mainly on the measurement of vital signs and health parameters that directly or indirectly motivate individuals to adapt a healthier life style. An essential part of the added value of mHealth can be found in the analysis of these data. Big data offers the opportunity to access and analyze vast amounts of unstructured data and search for patterns and causal relationships. Healthcare professionals, researchers and lab companies will benefit from these data to advance health care research. Maximizing the potential of health data will lead to increased productivity, and cost cuts in the healthcare sector.

This Smart Insights Report, titled “mHealth: Game Changer for Healthcare,” explores in detail the business models of the various mHealth vendors, and establishes a segmentation of this nascent market. The research has been conducted combining Smart Insights long-standing experience in the secure transactions industry with interviews with key players in the mHealth and secure transactions industry, as well as stakeholders from mobile network operators, standards organizations, technology developers and systems integrators specializing in this area.

The Smart Insights Report “mHealth: Game Changer for Healthcare” is available at http://www.smartinsights.net/Smart-Insights-Reports

In related news, Smart Insights will be present at Cartes Americas, on May 5 – 7 in Washington, DC. Feel free to give us a call to arrange a meeting.

About Intelling:
Smart Insights Reports, along with Smart Insights Weekly and Smart Insights Market Trends, are published by Intelling, a consultancy headquartered in Marseille, France. Intelling is a consultancy with two expertise majors: marketing and strategy for secure transactions, smart cards, telecoms, payment, and convergence, as well as market intelligence, for all industry fields. Intelling is the publisher of Smart Insights Reports, that address secure transactions and smart card markets, providing an extensive qualitative and quantitative analysis.
More details are available at: http://www.smartinsights.net and http://www.intelling.com

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Thierry Sapnjaard, CEO
Smart Insights
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