According to a report released today [7/28/2015: Kalorama] the global mobile health market will reach $33.7 billion by the end of 2015. The report defines mHealth as the evaluation and delivery of healthcare using mobile and wireless devices.
“The mHealth segment involves a complex and wide range of services, devices, software products, regulatory webs, market participants and end users,” said Bruce Carlson, Publisher of Kalorama Information. “This complex framework requires the coordination of several parties and compatibility of several systems to provide a seamless network of health delivery.”
Mobile health systems are emerging in response to the following key drivers:
- increasing healthcare needs of an aging population
- new wireless technologies
- better video and monitoring technologies
- decreasing healthcare resources
- an emphasis on reducing hospital days; and
- growing confidence in cost-effectiveness
Increases in spending is another contributing factor. Spending increases have been seen in countries with growing economies such as Brazil and China. Some regional markets have experienced a slowing in the economic growth, but growth in healthcare spending is expected to continue due to increases in national coverage and health reform policies in areas like China.
The report indicates that physicians, medical students, nurses and other healthcare workers often use a variety of information sources each day. The use of mobile devices and applications (mobile device software) has proven itself to be an efficient way for professionals to stay connected as the industry grows and changes.
Smartphone applications or “apps” can be developed for numerous types of processes including education, health management, data management, health information and other workflow processes. Not only is the medical community using smartphones and their applications for basic work, but also reporting use of smartphones in place of some of the work that would have previously been done on a desktop or laptop computer. The growing use of mobile medical devices and applications for smartphones has prompted the Food and Drug Administration to provide more oversight in this segment.
Additionally, consumers are adopting mobile devices at an extraordinary pace and the use of medical apps in this market is growing due to an overall increase in medical device confidence and a growing base of patients battling chronic diseases.
mHealth Markets Worldwide evaluates the professional healthcare market for mobile devices. To evaluate the mobile software market, Kalorama Information gathered data from mobile app providers – namely Apple, Inc. and Google – to determine the number of downloads, cost, drop-out rate and other factors to generate a market for mobile health software markets. To assess the mobile service market, Kalorama information evaluated health-related mobile tasks as an average for all users. Based on the number of users, the percentage estimates for health-related tasks, and the cost of annual services, a general estimate for market value was determined.
Mobile Health Device (mHealth) Markets Worldwide can be found at Kalorama Information: http://www.kaloramainformation.com/redirect.asp?progid=87683&productid=9138421
About Kalorama Information Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama’s website and are also available on www.marketresearch.com and www.profound.com.
SOURCE Kalorama Information