Although the U.S. mobile health market presents significant growth opportunities, its fragmentation presents challenges for any single player to address the full breadth of opportunities, according to a report released by Overland Park, Kan.-based CSMG, the strategy division of TMNG Global.
The report finds that the mobile health market will reach an estimated $4.6 billion opportunity by 2014, but will be split across many solutions and device types. It is already a significant market ($1.5 billion in estimated 2009 revenue, including fixed telemedicine solutions), and is expected to grow over the next five years at a 25 percent CAGR (compound annual growth rate).
CSMG outlines seven key mHealth technology opportunities that comprise the market, including monitoring, personal emergency response services (PERS), telemedicine, mobile medical equipment, mobile health information, RFID tracking and health/fitness software.
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