A new study has been released from TechNavio in October titled: ‘Global Mobile Applications Market’ covers the current and future trends throughout this market from 2010-2014 and major players within the ‘mHealth’ market.
Our analysts forecast the mHealth market coving a variety of regions (APAC, The Americas and EMEA) to grow at a compound annual growth rate of 24 percent over the period 2010–2014.
Mobile Health applications include the use of mobile devices for collecting community and clinical health data; delivering healthcare information to practitioners, researchers, and patients; real-time monitoring of patient vital signs; and direct provision of care (via mobile telemedicine).
Mobile Health Application provides advantages to remote patients and healthcare units by providing monitoring facilities, personal emergency response services, telemedicine, mobile medical equipment information, mobile health information, RFID tracking and healthcare or fitness software solutions.
The key drivers for the growth over the next three years are the increase in general diseases and population of patients. Even the increasing number of Smartphone manufacturers along with Mobile Health applications is driving the Mobile Health market worldwide.
The mHealth market was valued at US $1.7 billion in 2010 and it is expected to reach more than US $4.1 billion by 2014; at a CAGR of 24 percent.
The Global Mobile Health Applications market is growing at a steady pace in developed countries. However, in developing countries, this market is growing at a comparatively slower pace. Nonetheless, there is a vast opportunity for the Mobile Health Applications market to expand in certain countries in the APAC region, such as India and Japan. The United States generates the highest revenue for the Mobile Health Applications market, and is expected to dominate this industry in the future.
Companies dominating this market include Apple Inc., Allscripts Healthcare Solutions Inc., Epocrates Inc., GE Healthcare, and Voxiva Inc.
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