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

New York Presbyterian Brooklyn Methodist Revalidated as EMRAM Stage 7

Due to its use of RFID technology to improve patient care and outcomes, New York Presbyterian Brooklyn Methodist Hospital (NYPBMH) has received acute care Stage 7 revalidation on the HIMSS Analytics Electronic Medical Record Adoption Model (EMRAM).

Dana Alexander Named 2016 HIMSS Nursing Informatics Leadership Award Winner

Dana Alexander, R.N., has been named the recipient of the 2016 HIMSS-ANI Nursing Informatics Leadership Award, a joint award sponsored by Alliance for Nursing Informatics (ANI) and HIMSS.

Agency Leadership Update: Collins Stays at NIH, Bindman Leaves AHRQ

As President-elect Donald Trump is sworn in as the United States’ 45th president at noon today, there has been an ongoing administration shuffle as agency leaders have stepped down as part of the presidential transition.

Reports: Indiana Cancer Services Agency Hacked, Won’t Pay Ransom

Earlier this month, Cancer Services of East Central Indiana- Little Red Door’s terminal server and backup drive were hacked by cybercriminal TheDarkOverlord, leading to a ransom demand that the cancer services facility will not pay, according to media reports.

Insurer to Pay $2.2M HIPAA Settlement for Disclosure of Unsecured ePHI

MAPFRE Life Insurance Company of Puerto Rico has agreed to settle potential noncompliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules by paying $2.2 million.

Avoidable Hospitalizations among LTC Residents Drops by 31 Percent

A data brief from the Centers for Medicare & Medicaid Services (CMS) has revealed that avoidable hospitalizations among long-term care facility residents has dropped by about 31 percent since 2010.