Reports Predict Significant Growth in Mobile Health Market

RELATED TOPICS:

Health care organizations' use of mobile health tools and services over the next five years will increase significantly, according to a report by Juniper Research, FierceMobileIT reports.

The company predicts that there will be six times more users of application-enabled mobile health tools by 2018, growing from 15 million users this year to nearly 96 million in 2018.

According to Juniper, the mobile fitness sector will see the largest growth in the short to medium term because of:

  • Increasing demand for lifestyle consumer apps;
  • Greater variety of attachments; and
  • Motivated target demographics.

Industry savings from remote patient monitoring will climb to $35 billion over the next five years, the report predicts (Donovan, FierceMobileIT, 9/11).

Global Mobile Health Market To Reach $20.7B

In a separate report, MarketsandMarkets predicts that the global mobile health market will increase at a compound annual growth rate of 25.5%, reaching $20.7 billion by 2018, FierceMobileHealthcare reports.                                                 

The report cited several reasons for the growth, including:

  • Greater chronic disease awareness;
  • Increased smartphone adoption;
  • High use of 3G and 4G networks;
  • Increased mobile connectivity; and
  • A desire for a cost-efficient health care system (Slabodkin, FierceMobileHealthcare, 9/7). 

to share your thoughts on this article.