Skip to content Skip to navigation

mHealth Industry to See Significant Growth by 2017, Report Says

July 24, 2013
by Rajiv Leventhal
| Reprints

By the end of 2017, the mHealth industry is expected to have grown by a compound annual growth rate of 61 percent, to reach a value of $26 billion, according to a new report from Research and Markets.

The market for mHealth applications is developing along three different phases. Currently, mHealth players have entered the commercialization phase of the market. This phase can be characterized by a massive increase of offered solutions, the creation of new business models, and the concentration on private, health-interested people, patients, and corporations as major target groups.

The general sophistication of today's mHealth applications is low to medium, and many of the mHealth-categorized applications provide a limited benefit for patients, doctors, and health interested smartphone users. Nevertheless, advanced solutions do exist.

Five years from now, the mHealth market will be a mass market with a reach of billions of smartphone and tablet users. By that time, 50 percent of these users will have downloaded mHealth applications.

This growth projection is based on the assumption that private buyers will continue to be the primary spenders in the next five years, but that the integration of mHealth applications into traditional health care systems will become more and more common (integrated phase) during that time.

This report produced similar conclusions to one in March from industry analyst firm Research2Guidance, which also found that the market for mHealth services would reach $26 billion globally by 2017.

Topics

News

CommonWell Adds eHealth Initiative, DICOM Grid, and Others to Its Growing Alliance

May 4, 2016
The CommonWell Health Alliance announced this week that 11 new members have joined its effort to enhance nationwide health data exchange.

Johns Hopkins Research Finds Medical Errors Third Leading Cause of Death in U.S.; Author Asks CDC to Change ICD Coding System to Record Medical Errors

May 4, 2016
A just-published study by Johns Hopkins Medicine researchers finds 400,000 deaths a year due to medical errors in hospitals.

Health IT Stakeholders Question ONC’s Authority in Proposed EHR Certification Rule

May 3, 2016
Industry stakeholders have given the Office of the National Coordinator for Health IT (ONC) feedback for a proposed rule that would give the agency more power in overseeing and reviewing electronic health records (EHR) and other health IT products.

New Senate Bill Proposes Using Project ECHO as National Model for Rural Care

May 3, 2016
Senators Orrin Hatch (R-Utah) and Brian Schatz (D-Hawaii) have introduced the Expanding Capacity for Health Outcomes (ECHO) Act with the aim of expanding New Mexico’s Project ECHO as a national model for using telehealth for rural care.

NATE, CommonWell Come Together for Interoperability Goals

May 3, 2016
The National Association for Trusted Exchange (NATE) and CommonWell Health Alliance have announced that each would become a member of the other’s organization, agreeing to establish a complementary relationship with the goal of enhancing cross-vendor interoperability.

MIPS Mobile Challenge Aims to Give Clinicians Real-Time Information and Assistance

May 3, 2016
The Centers for Medicare & Medicaid Services (CMS) has launched a competition to develop a mobile platform to help educate physicians and clinicians about the new Merit-based Incentive Payment System (MIPS) program.

CMS Finalizes Its Quality Measure Program

May 3, 2016
Officials at CMS on Tuesday posted the agency’s finalized Quality Measurement Program on its website, focusing on identifying known measurement and performance gaps and developing measures in six key quality “domains”

Survey: Most Digital Health Users Are Not Using EHRs to Manage Their Health

May 2, 2016
While 60 percent of consumers who use digital health tools say they have an electronic health record (EHR), only 22 percent of these patients are accessing EHRs to help make medical decisions, according to a survey by HealthMine.

GOP Senators Want Feds to Include Hospitals for MU Flexibility

May 2, 2016
Six GOP senators have written to federal officials to request feedback on legislation they drafted that would address the ongoing issues with implementation of the meaningful use program.

Last Day to Submit to the Healthcare Informatics 100

May 2, 2016
The Healthcare Informatics 100 has been up and running, but the submission process is ending today. Vendors, you only have one day to submit your data!

CHIME Calls for More Transparent, Uniform Interoperability Standards for Medical Devices

April 29, 2016
The College of Healthcare Information Management Executives (CHIME) is calling on the Food and Drug Administration (FDA) to collaborate with other federal agencies to ensure that medical devices are truly interoperable with electronic heath records (EHR) systems.

Survey: EHR Switches Resulted in Higher Than Expected Costs, Layoffs

April 29, 2016
Four years after what market research firm Black Book calls the inpatient electronic health record (EHR) “replacement frenzy,” surveyed clinicians expressed many doubts about the benefits of switching systems.

Healthcare Informatics Recognized with Four ASHPE Awards

April 29, 2016
Healthcare Informatics has been recognized by the American Society for Healthcare Publication Editors (ASHPE) with four awards as part of the ASHPE’s 2016 Awards Competition.

Truven Health Analytics Identifies 15 Top Health Systems Based on Clinical, Administrative Performance

April 28, 2016
A study by Truven Health Analytics found that the top-performing multi-hospital health systems in the U.S. achieved higher survival rates and fewer errors at a lower overall treatment cost.

Report: Privilege Misuse and End User Errors Leading Threats to Healthcare Security

April 28, 2016
End users are often the weakest link in an organization’s cyber defense as cyber criminals exploit human nature to execute attack patterns such as phishing, according to Verizon Enterprise’s 2016 Data Breach Investigations Report.

Pages