London, 23 July 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Mobile Health Solutions Market, which is expected to grow at a CAGR of 34.88 percent through 2018.
Mobile health solutions are conveyed using smartphones and tablets. They engage the application of telecommunication and multimedia technologies in the distribution of healthcare services and are used to gather community and clinical health information, provide information associated with healthcare to practitioners, researchers, and patients, and offer direct care.
The Global Mobile Health Solutions Market is highly fragmented with mobile application developers and providers being the central sponsors to the market revenue.
Key Market Drivers
- Increased Usage of 3G and 4G Networks
- Increased Demand for Advanced Health Monitoring Systems
- Emergence of New EMR Applications on Mobile Devices
- Rapid Increase in Adoption of Smartphones and Tablets
Key Market Trends
- Favourable Government Policies Supporting Mobile Healthcare
- Usage of Predictive Modelling in Mobile Applications
- Demand for Remote Healthcare Monitoring
- Increased Demand for Diabetes Management Products
“The most important trend in the market is the rapid growth of remote patient monitoring. Remote monitoring helps patients to reduce costs by lowering the time spent in hospitals and the frequency of visits to the physician or the hospital. Moreover, it offers quick service and provides ease of functionalities given rising healthcare expenditure. Thus, the demand for aging solutions and post-acute care services are also increasing the demand for mobile health solutions,” says Faisal Ghaus, Vice President of TechNavio.
To determine the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Mobile Health Solutions Market 2014-2018, please send an e-mail to media@TechNavio.com
