mHealth Market Forecasted to Reach $59B by 2020 | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

mHealth Market Forecasted to Reach $59B by 2020

December 31, 2015
by Heather Landi
| Reprints
Click To View Gallery

The global mHealth solutions market, including connected devices, apps and services like remote monitoring, is forecasted to reach $59 billion by 2020, growing 33 percent between 2015 and 2020, according to research firm MarketsandMarkets.

The research firm attributes the projected growth for the market for a number of trends and developments, such as the increasing utilization of connected medical devices and mHealth apps in the management of chronic diseases, rising healthcare costs creating a need for more affordable treatment options and a rising focus on patient-centric healthcare.

“On the other hand, risk of data theft, stringent regulations by the FDA and EU, low guidance from physicians in selecting apps and resistance from traditional healthcare providers are restricting mHealth solutions market growth,” the report authors wrote.

MarketsandMarkets analysts project continued strong growth for blood pressure monitors within the connected medical devices segment of the mHealth market due to growing awareness among patients for the treatment of hypertension through continuous monitoring, proper diets and timely medication. And, the blood glucose monitors segment of the market segment is expected to grow at the highest compound annual growth rate (CAGR) of 26 percent between 2015 and 2020, driven by the increasing prevalence of diabetes.


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



Study: EHRs Tied with Lower Hospital Mortality, But Only After Systems Have Matured

Over the past decade, there has been significant national investment in electronic health record (EHR) systems at U.S. hospitals, which was expected to result in improved quality and efficiency of care. However, evidence linking EHR adoption to better care is mixed, according to medical researchers.

Nursing Notes Can Help Predict ICU Survival, Study Finds

Researchers at the University of Waterloo in Ontario have found that sentiments in healthcare providers’ nursing notes can be good indicators of whether intensive care unit (ICU) patients will survive.

Health Catalyst Completes Acquisition of HIE Technology Company Medicity

Salt Lake City-based Health Catalyst, a data analytics company, has completed its acquisition of Medicity, a developer of health information exchange (HIE) technology, and the deal adds data exchange capabilities to Health Catalyst’s data, analytics and decision support solutions.

Advocate Aurora Health, Foxconn Plan Employee Wellness, “Smart City,” and Precision Medicine Collaboration

Wisconsin-based Advocate Aurora Health is partnering with Foxconn Health Technology Business Group, a Taiwanese company, to develop new technology-driven healthcare services and tools.

Healthcare Data Breach Costs Remain Highest at $408 Per Record

The cost of a data breach for healthcare organizations continues to rise, from $380 per record last year to $408 per record this year, as the healthcare industry also continues to incur the highest cost for data breaches compared to any other industry, according to a new study from IBM Security and the Ponemon Institute.

Morris Leaves ONC to Lead VA Office of Electronic Health Record Modernization

Genevieve Morris, who has been detailed to the U.S. Department of Veterans Affairs (VA) from her position as the principal deputy national coordinator for the Department of Health and Human Services, will move over full time to lead the newly establishment VA Office of Electronic Health Record Modernization.