Albany, New York, USA (PRWEB) November 16, 2013
According to a new market report published by Transparency Market Research "mHealth Market- Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global mHealth market is expected to reach USD 10.2 billion by 2018 from USD 1.3 billion in 2012 at a CAGR of 41.5% from 2012 to 2018. The monitoring services segment is in commanding position having contributed about 63% of the global mHealth market revenue in 2012.
Browse the full report with complete TOC at http://www.transparencymarketresearch.com/mobile-health-market.html
The growth in mHealth market is primarily driven by the increasing adoption of smartphones, rising incidence of chronic diseases and growing number of mHealth applications. Mobile based healthcare services access is becoming almost ubiquitous worldwide. mHealth applications are rapidly gaining popularity due to growth in number of innovative solutions.
The global mHealth market is segmented by services into: monitoring services, diagnostic services, healthcare system strengthening services and other services. Mobile operators, device vendors, content players and healthcare providers are the various participants of the mHealth market. The market has also been segmented by geography into North America, Europe, Asia Pacific and Rest of the World regions. Market estimates and forecasts are made after critical analysis of various macro and micro economic factors which directly and indirectly affect the market growth. Inclusion of these factors has helped in accurate crunching of numbers and has extended the report purview. The report includes market size estimation and forecasts for the period of 2011 to 2018 for each of the mHealth segments.
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The report will support the strategy development of players across the supply chain including device vendors, mobile operators, content developers and healthcare providers. The trends in the mHealth market will help healthcare service providers in tapping the untapped segments and address unmet needs. The competitive landscape section will especially help content developers and healthcare providers in strengthening their position in the market.
An in-depth research and market analysis will allow mobile application developers, marketing companies, healthcare providers, content developers, research and development agencies, network operators, and system integrators to make informed decisions about development, marketing, and growth strategies.
The global mHealth market comprises services that are used for healthcare practices. The market is primarily driven by the increasing adoption of smartphones, rising incidences of chronic diseases and growing number of mHealth applications. In contrast to healthcare access, mobile access is becoming almost ubiquitous worldwide. mHealth applications are rapidly gaining popularity in the market place due to their innovative developments and emerging applications.
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