mHealth Services Market to Exceed US$ 23.0 Billion By 2021
Market Research Engine has published a new report titled as “Mobile Health (mHealth) Market by Services (Prevention, Monitoring, Diagnostic, Treatment, Information and reference, Wellness, and Healthcare strengthening services), by Equipment – Global Industry Analysis, Trends and Forecast 2014 – 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.
The service gives advice and information anywhere and anytime. Monitoring blood pressure, monitoring blood glucose, tracking body weight and tracking exercise are some example of mHealth services.
With the 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
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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
Access the report here.
