San Francisco, California, March 6, 2015 (GLOBE NEWSWIRE) -- The global market for mHealth (Mobile health) is expected to reach USD 49,119.2 million by 2020, according to a new study by Grand View Research, Inc. Monitoring services is expected to remain the dominant and fastest growing market segment, with market revenue of USD 1,227.5 million in 2012, and an estimated CAGR of 49.7% from 2014 to 2020.
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Per capita healthcare expenditures have been increasing, which makes medical services unaffordable for a large percentage of the population. As a result, demand for mobile health is expected to increase considerably over the next six years. In addition to smartphone proliferation, uptake of 3G and 4G networks is expected to increase demand for telemedicine services. Aging population and growing incidences of diseases linked to changing lifestyles have intensified the need for affordable and accessible healthcare. Concerns among users, regarding the safety and privacy of information, along with the need for secure infrastructure, are the key challenges for market participants.
Further Key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global mHealth market on the basis of services, participants and region:
mHealth Services Outlook (Revenue, USD
Million, 2012 - 2020)
• Monitoring Services
•
Independent Aging Solutions
•
Chronic Disease Management
•
Post Acute Care Services
• Diagnosis Services
• Healthcare Systems Strengthening
Services
• Others
mHealth Participants Outlook (Revenue, USD Million, 2012 -
2020)
•
Mobile Operators
•
Device Vendors
•
Content Players
•
Healthcare Providers
mHealth Regional Outlook (Revenue, USD Million, 2012 -
2020)
• North America
•
U.S.
•
Canada
• Europe
•
France
•
Germany
•
Italy
•
Russia
•
UK
• Asia Pacific
•
Australia
•
India
•
China
•
Japan
• RoW
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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