Global mHealth Market To Reach $26B by 2017, Report Says | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Global mHealth Market to Reach $26B by 2017, Report Says

March 14, 2013
by Rajiv Leventhal
| Reprints

The market for mHealth services will reach $26 billion globally by 2017, according to a report from industry analyst firm Research2Guidance.

According to the report, the market for mobile health tools is growing in three phases: an initial trial phase; a commercialization phase; and an integration phase. Currently, the industry is in the commercialization phase,  and the integration phase could begin as soon as 2015, when mHealth apps will be integrated into the daily routines of healthcare provider’s the report said.

Research2Guidance said there are 97,000 mHealth applications in major app stores, with 42 percent of them adhering to the paid business model.  Five years from now, the mHealth market will be a mass market with a reach of more than 3.4 billion smartphones and tablets with access to mobile applications. By that time, 50 percent of these users will have downloaded mHealth applications, the report predicted.

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

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).

Circulation, Buoy Health Collaborate on Integrated Platform for Patient Transportation

Boston-based startup Circulation Health, a ride-ordering exchange that coordinates medical transportation logistics using Lyft and other transportation partners, is partnering with Buoy Health, also based in Boston, to integrate their platforms to provide patients with an end-to-end healthcare experience.

HITRUST Provides NIST Cybersecurity Framework Certification

The Health Information Trust Alliance (HITRUST), security and privacy standards development and accreditation organization, announced this week a certification program for the National Institute of Standards and Technology's (NIST) Cybersecurity Framework (Framework).

Report: Interoperability in NHS England Faces Similar Barriers as U.S. Healthcare

Electronic patient record interoperability in NHS England is benefiting patient care, but interoperability efforts are facing barriers, including limited data sharing and cumbersome processes falling outside of the clinician workflow, according to a KLAS Research report.