Research: mHealth Industry to reach $11.8 billion | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Research: mHealth Industry to Reach $11.8 billion

August 6, 2012
by Gabriel Perna
| Reprints

According to a new report from healthcare industry analysts GlobalData, the mobile health (mHealth) industry is poised for a huge jump in value over the coming decade thanks to a spike in apps, going from its worth in 2011 of $1.2 billion to a value of $11.8 billion by 2018. The industry, GlobalData says, will grow at annual compounded rate of 39 percent.

The report’s authors say the growth will come from the widespread use of smartphones such as iPhone, as well as Android and Blackberry platform, which all offer a multitude of apps that cover a wide spectrum of healthcare topics – from fitness and nutrition, to diagnostic imaging. According to the report, the large majority of the mHealth market is taken up by software and services, accounting for 80 percent. The two other sections of the industry are hardware, which makes up 12 percent of the market, and network and connectivity, which occupies the remaining eight percent.

GlobalData says 70 percent of the available healthcare apps are consumer focused, while the remaining 30 percent are designed for medical professionals. Most of these medical professional apps can offer clinicians access to patient information and the ability to conduct further analysis such as creating 3D anatomical models, says the report.

The US is the main market for mHealth solutions and made a contribution of $660m to the global market in 2011. Europe and the Asia-Pacific region contributed $420m and $120m, respectively.



HealthlinkNY’s Galanis to Step Down as CEO

Christina Galanis, who has served as president and CEO of HealthlinkNY for the past 13 years, will leave her position at the end of the year.

Email-Related Cyber Attacks a Top Concern for Providers

U.S. healthcare providers overwhelmingly rank email as the top source of a potential data breach, according to new research from email and data security company Mimecast and conducted by HIMSS Analytics.

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.

Allscripts Touts 1 Billion API Shares in 2017

Officials from Chicago-based health IT vendor Allscripts have attested that the company has reached a new milestone— one billion application programming interface (API) data exchange transactions in 2017.

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.