PRLog - July 21, 2014 - LONDON -- The emergence of low-cost smartphones has allowed wider access to app stores, which are now home to over a million mHealth apps. These range between freemium apps geared around diet and daily fitness routines, scaling up to costly premium apps with elaborate clinical reference points, images, diagnostic, and monitoring functions.
Austerity measures have forced many health departments around the globe to rein in their spending and find more cost-effective ways of operating. Enabling them to diagnose, monitor, and communicate with patients remotely, mHealth promises extensive cost-savings for healthcare professionals and institutions. This new industry will also pay dividends to network operators, software developers, and data platform management providers who may transfer their core competencies onto the medical field.
Visiongain forecasts the mHealth market to reach a $6.7 billion value by the end of 2014.
This is also an important year for mHealth, the success of which is strongly linked to the mHealth market. Wearables dominated 2014’s CES, with many major OEMs moving into their second and third generation efforts. The speed at which late model smartwatches and smart bracelets are being upgraded threatens to outpace established smartphone and tablet markets. As these older device markets enter a maturity stage, wearable smart devices will be poised to fill revenue gaps for incumbent vendors.
The strongest drivers of the mHealth market are its reach and scope. Comprising telemedicine devices, fitness and lifestyle, remote diagnostic and monitoring tools, communications platforms, and e-Patient care, mHealth has an incredible range of applications and target markets.
Visiongain forecasts the mHealth market to experience significant growth during the forecast period, as we experience a renaissance in doctor/patient communication, treatment methods, and the general approach to healthcare.
The Mobile Health (mHealth) Market Forecast 2014-2024: A Revolution in eHealth, Telemedicine, Informatics, & Connected Health analyses the prospects for this market globally, regionally, and nationally. Our forecasts also segment the market into four major revenue streams, each with its own set of drivers and barriers to entry. The products and strategies of 10 leading companies in the mHealth market are described and assessed. 93 unique charts, figures, and tables quantify and qualify this market, with complete regional and national segmentation.
The Mobile Health (mHealth) Market Forecast 2014-2024: A Revolution in eHealth, Telemedicine, Informatics, & Connected Healthreport will be of value to current and future investors in the IT, enterprise hardware, e-textile, mobile and desktop application, network backbone, and mobile device industries, as well as companies and research centres who wish to broaden their knowledge on this subject.
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