mHealth market to reach a $6.7 billion value by the end of 2014


According to Visiongain’s mHealth Market Forecast 2014-2024 report, the mHealth market will reach a $6.7 billion value by the of this year.

The report suggests that the advent of connected devices and M2M is offering opportunity for carers, which could rely on mobile networks to diagnose, monitor and communicate with patients with unprecedented speed and efficacy.

Visiongain defines mHealth applications as those that include the use of mobile devices in collecting community and clinical health data, delivery of healthcare information to practitioners, researchers, and patients, real-time monitoring of patient vital signs, and direct provision of care, via mobile telemedicine.

One of the key reasons for the take off of mHealth apps and services come from austerity measures, which have forced many health departments around the globe to rein in their spending and find more cost-effective ways of operating. With its promise of cost-savings, mHealth could play an important role for healthcare professionals and institutions, while also benefiting network operators, software developers, and data platform management providers who may turn their core competencies onto the medical field.

Additional details are available from Visiongain’s full report.