The mHealth market
1. The global mHealth market is expected to be worth $49.1 billion by 2020, growing at a compound annual growth rate of 49.7 percent over the next six years. The market in 2012 was valued at $1.2 billion.
2. An estimated 500 million smartphone users worldwide will be using mHealth apps by 2015.
3. Those 500 million smartphone users will have a plethora of mHealth apps to choose from, as there are more than 100,000 mHealth apps available for the iOS and Android platforms.
4. The growing popularity of mHealth is highlighted by the rising dollar amounts invested in such technology. Venture capital investment in mHealth technology increased 35 percent from the first half of 2012 compared to the first half of 2013, jumping from $229 million to $310 million.
5. Mobile giants Samsung, Apple and Google all announced mobile health and fitness tracking app platforms in late spring. Samsung’s S Health and Google Fit collect data from external sensors and user input and compiles it onto a dashboard, presenting an overall view of a user’s health and fitness.
Read the full report on Becker’s Hospital Review.
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