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ccording 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.
Via eMedToday
Why the growth?
"The global mHealth market is primarily driven by factors such as the increasing adoption of smartphones and rising incidences of chronic diseases. The development in smartphone applications has created new and interactive ways of communication between patients and healthcare providers. Use of smartphone applications is expected to revolutionize the mHealth market by improving healthcare delivery and dissemination of medical information"