mobile health (mhealth) services market is expected to cross us$ 59 billion by 2020

The mHealth services market is expected to exceed more than US$ 59 billion by 2020 growing at a CAGR of more than 33.0% in the given forecast period 2015 to 2022.

mHealth services are preferably located to maintain a patient centered approach to health care. mHealth also called as mobile health is the sub segment of eHealth which uses the ICT that is information and communication technology includes mobile phones, computers, tablet computers and more used for health service. mHealth service contains different mobile devices which having healthcare information, clinical information and community information which deliver these information to patients, researchers, practitioners and monitor real time vital signs of patients. mHealth service give advice and information anywhere and anytime. Monitoring blood pressure, monitoring blood glucose, tracking body weight and tracking exercise are some example of mHealth services. Rising of 3G and 4G technology, the use of mHealth service for doctors and patients becomes easier. It provides two parties to clasp video calls and making the communication friendlier and closely.

The major driving factors of mHealth services market are as follows:
• Rising use of Mobile Phones, Tablets, Smart phones other Mobile Platforms

• Growing consumption of mHealth App and Connected Devices in the organization of Chronic Diseases

• Robust Access of 3g and 4g Networks to Supply Continuous Healthcare Services

• Increasing Focus on Patient Centric Health care Delivery
`
The restraints factors of mHealth services market are as follows:
• Opposition from Conventional Health care Providers

• Require Data Security Increasing Concerns Regarding Health care Fraud And Data Theft

• Lack of Regulations And Standards resultant in Low Interoperability of results

• Complexity in Judgment mHealth Apps on Android Or Apple Stores and Low Guidance From Physicians in Selecting Apps

The mHealth services market is segmented on the lines of its product, applications and service. The mHealth services market is segmented on the lines of its product like connected medical devices includes blood pressure monitors, blood glucose meters, multiparameter trackers, ECG monitors, pulse oximeters, peak flow meters, neurological monitoring devices, sleep apnea monitors, coagulation monitors, digital skin sensors, pregnancy, and women’s health monitors. Under application segmentation it covers healthcare applications market, by activity and medical applications market for professionals. The covers healthcare applications market, by activity is further segmented into chronic care management, general healthcare and fitness apps, women’s health, medication management and personal health record (PHR). The chronic care management further contains mental health and behavioral disorders, blood pressure and ECG management, diabetes management and cancer management. The general healthcare includes health tracking tools, weight loss and fitness & nutrition. Under women’s health segmentation it covers pregnancy, fertility and breastfeeding. Medical applications market for professionals’ segmentation covers medical reference, continuing medical education (CME), diagnostic tools and alert and awareness. The mHealth services market is segmented on the lines of its service like remote monitoring, diagnosis and consultation, treatment fitness and wellness, prevention and healthcare system strengthening services. The mHealth services market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:
1) An overview of the global market for mHealth services and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for mHealth services

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

Source