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By 2017 mHealth revenue to surpass $23 Billion with growth at a CAGR of more than 35%
As healthcare service providers seek to maximize their patient outreach while minimizing costs, many view mobile healthcare (or mHealth) as the solution to improve healthcare costefficiency. mHealth refers to the usage of mobile communications technology and devices to enhance access to healthcare information, improve distribution of routine and emergency health services, and provide diagnostic services.
Mobile operators also view mHealth as a lucrative opportunity for the monetization of their mobile connectivity services as a growing proportion of their subscribers adopt healthcare centric wearables. Given that most operators have established themselves as reputable consumer brands, they are also eyeing at opportunities to offer services beyond simple connectivity. Many operators already offer branded or co-branded end-to-end mHealth solutions to their customer bases.
In addition, mHealth offers a multitude to opportunities to the pharmaceutical industry ranging from enhanced R&D activities and medication adherence to securing the supply chain and combating counterfeit drugs.
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How much growth can we expect in mHealth Market?
Driven by the thriving ecosystem, Research estimates that the mHealth market will account for over $23 Billion in 2017 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns,Research estimates further growth at a CAGR of more than 35% over the next three years.
What will market research report provide?
The mHealth (Mobile Healthcare) Ecosystem: 2017 2030 Opportunities, Challenges, Strategies & Forecasts report presents an indepth assessment of the global mHealth market. In addition to covering key market drivers, challenges, future roadmap, value chain analysis, deployment case studies, service/product strategies and strategic recommendations, the report also presents comprehensive forecasts for the mHealth market from 2017 till 2030. The forecasts and historical revenue figures are individually segmented for 5 individual submarkets, 29 use case categories, 5 ecosystem player categories, 6 geographical regions and 34 countries.
What Segmentation is covered in report?
Market forecasts and historical revenue figures are provided for each of the following 5 submarkets and their 23 use case categories:
- Safety Data Collection
- Consumer Education
- Medical Education
- PostMarket Monitoring
- Drug Authentication
- Social Media
- Patient Compliance & Retention: Clinical Trials
Information & Healthcare Management
- Electronic Health/Medical Records & Tracking Tools
- Diagnostic Tools & Medical Reference
- Continuing Medical Education
- Awareness Through Alerts
- Logistical & Payment Support
Healthcare & Fitness
- Medical Compliance
- Fitness & Nutrition Apps
- Clinical Decision Support Systems
- Prescribable Mobile Apps
- Mobile Video Consultations, Collaboration & Surgery
- Non-Video Consultations & Collaboration
- Remote Collaboration in Emergency Situations
IoT, Wearable Technology, Sensor & Monitoring Applications
- Health and Wellness Monitoring
- Disease Surveillance/
- Diagnostic Tools
- Technical Logistics
- Revenue is also split by ecosystem player:
Ecosystem Player Segmentation
- Mobile Operators & Connectivity Providers
- Mobile & mHealth Device OEMs
- Content & Application Providers
- Healthcare Service Providers
- Pharmaceutical Industry
- The following regional and country markets are also covered:
- Asia Pacific
- Eastern Europe
- Latin & Central America
- Middle East & Africa
- North America
- Western Europe
What are key findings of report?
The report has the following key findings:
- Driven by the thriving ecosystem, Research estimates that the mHealth market will account for over $23 Billion in 2017 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns, Research estimates further growth at a CAGR of more than 35% over the next three years.
- While the use of mHealth devices and apps is already widespread in clinical trials, pharmaceutical giants are now setting their sights on connected drug delivery platforms that will automatically detect and log patients medication use to improve adherence.
- Research estimates that mHealth centric wearable devices will account for over 60 Million unit shipments by the end of 2017. In order to gain valuable insights from the data generated by these devices, healthcare service providers and other stakeholders are increasingly investing in Big Data and analytics technology.
- mHealth has the potential to dramatically reduce the costs of healthcare operations, while improving the quality of healthcare. Research estimates that by the end of 2017, mHealth could represent up to $370 Billion in annual healthcare cost savings worldwide.
What are companies profiled in report?
3L Labs, Aerotel Medical Systems, AstraZeneca, Biosensics, BioTelemetry Technology, Cityzen Sciences, Cyberdyne, Epion Health, GE Healthcare, Garmin, GSK, InvenSense, Medtronic, MedM, Xiaomi, Zoll Medical Corporation and many more.
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