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mHealth market is Expected to Reach $58.8 Billion Globally by 2020 According to Allied Market Research Projections
Date:11/14/2013

PORTLAND, Oregon, November 14, 2013 /PRNewswire/ --

Allied Market Research (http://www.alliedmarketresearch.com) today announced the most comprehensive and strategically analyzed report titled "mHealth Market (Devices, Applications, Services & Therapeutics) - Global Mobile Healthcare Industry Size, Analysis, Share, Growth, Trends and Forecast, 2012 - 2020".

Get the full access of the report at http://www.alliedmarketresearch.com/mobile-health-market=77

The study observed that the global mHealth market was valued at $6.7 billion in 2012 and is estimated to reach $8.3 billion by the end of 2013. With growing per capita healthcare expenditure both in developed and advanced developing countries, the mobile healthcare market is further projected to reach $58.8 billion by 2020, at a CAGR of 32.3% from 2013 to 2020.

"Per capita expenditure on healthcare in developed economies is increasing at a faster rate than inflation and income levels, chiefly due to ageing population and chronic diseases which are lifestyle driven," note Allied Market Research analysts James Franco and Yojana Jeevane. "However, there has not been corresponding improvement in the quality of healthcare services delivered, especially in developing regions. Additionally, developing economies are even struggling to provide healthcare access at every level to their people", explains the analysts.  

On contrary, ubiquitous access of smart mobile devices globally has enabled diagnostic and monitoring devices to render seamless healthcare services. Thus, this market is expected to grow at a significant pace in the next seven years. This projection is backed by the fact such as due to technological advancement integration of wireless technology with the portable healthcare devic
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SOURCE Allied Market Research
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