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Future of Mobile Health Apps & Solutions Market worth $20.7 Billion by 2018

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The global mobile healthcare market is estimated at $6,336 million in 2013 and is poised to reach $20,683 million by 2018 at a CAGR of 26.7%. – PowerPoint PPT presentation

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Title: Future of Mobile Health Apps & Solutions Market worth $20.7 Billion by 2018


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MarketsandMarkets Presents
Mobile Health Apps Solutions Market worth 20.7
Billion by 2018
2
  • The "Mobile Health Apps Solutions Market by
    Connected Devices (Cardiac Monitoring, Diabetes
    Management Devices), Health Apps (Exercise,
    Weight Loss, Womens Health, Sleep and
    Meditation), Medical Apps (Medical Reference)
    Global Trends Forecast to 2018 " analyzes and
    studies the major market drivers, restraints, and
    opportunities in North America, Europe, Asia, and
    Rest of the World.
  • Browse 101 market data tables with 84 figures
    spread through 277 pages and in-depth TOC on
    "Mobile Health Apps Solutions Market by
    Connected Devices (Cardiac Monitoring, Diabetes
    Management Devices), Health Apps (Exercise,
    Weight Loss, Womens Health, Sleep and
    Meditation), Medical Apps (Medical Reference)
    Global Trends Forecast to 2018 .
  • http//www.marketsandmarkets.com/Market-Reports/m
    health-apps-and-solutions-market-1232.html

3

Early buyers will receive 10 customization on
Reports.
4
  • This report studies the global mobile health apps
    solutions market over the forecast period of
    2013-2018.
  • The mobile healthcare market comprises of
    connected medical devices, healthcare
    application, and related mobile technology. The
    global mobile healthcare market is estimated at
    6,336 million in 2013 and is poised to reach
    20,683 million by 2018 at a CAGR of 26.7.
  • Connected devices dominate the current market
    with around 85 of the total revenue
    contribution. Among different applications,
    cardiac monitoring and fitness tracking are the
    most prominent uses of mobile-enabled connected
    devices. With increasing awareness of the need
    for healthy lifestyles, patients prefer vital
    signs monitoring on a continuous basis.

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  • The mobile application market is in an
    introductory phase, but is highly fragmented with
    an ample number of software-developing companies.
    A major restraining factor behind the growth of
    paid apps is the free access to maximum
    smartphone apps. Free apps constitute almost 90
    of the download market of healthcare
    applications. Furthermore, significant price
    difference between health and medical apps lowers
    the adoption rate among healthcare professionals.
    Though the number of downloads of health apps
    contributed almost 90 to the healthcare
    applications market, revenue contribution by
    these apps was not significant due to its very
    low average price range (1 - 2/download).
    Consideration of a mobile application as a
    medical device is also a questionable issue,
    although the FDA is formulating a framework to
    regulate the apps market. As of now, there are a
    few certified applications in the unstructured
    gamut of the application market. Rising
    popularity may increase the download price of
    device-independent healthcare apps hence, the
    revenue contribution to the mobile health market
    is expected to be more significant.

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  • Major driving factors of the mobile Health market
    include the growing adoption of smartphones,
    tablets, and PDA, increasing awareness of chronic
    diseases management, advanced connectivity such
    as Bluetooth, Wi-Fi, robust penetration of 3G and
    4G network, and a promise of better cost
    efficiency during medical practices. On the other
    hand, stringent FDA and EU regulations, and data
    insecurity restrict market growth. Inappropriate
    patient-doctor ratio in underdeveloped countries
    and other potential health platforms such as
    smart TV promises prospective business
    opportunities in the global mobile Health market.
  • Since its inception (21st century), North America
    has contributed the maximum to both the devices
    and applications markets. The Asian mobile
    healthcare market is majorly contributed to by
    Japan and China, whereas the U.K. represents the
    most promising country in Europe. Several
    government initiatives such as mDiabetes,
    Indo-Dutch Project Management Society (IDPMS),
    Mobile Alliance for Maternal Action (MAMA),
    EpiSurveyor, Ushahidi, FrontlineSMS, OpenMRS,
    RapidSMS, and Mwana accelerates the rapid
    adoption of mHealth technology in emerging
    countries such as South Africa and Brazil.

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  • Though the healthcare apps market is highly
    fragmented with a large number of
    software-developing companies, the connected
    device segment is dominated by Philips (The
    Netherlands), Medtronic (U.S.), Nike (U.S.),
    Omron (Japan), and Alere (U.S.). On the other
    hand, ATT (U.S.), Qualcomm (U.S.), Cerner
    (U.S.), and Diversinet (Canada) are the major
    technology providers that enhance healthcare
    solutions.

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About MarketsandMarkets
Markets and Markets is a global market research
and consulting company based in the U.S. We
publish strategically analyzed market research
reports and serve as a business intelligence
partner to Fortune 500 companies across the
world. Markets and Markets also provides
multi-client reports, company profiles,
databases, and custom research services. They
cover thirteen industry verticals, including
advanced materials, automotive and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT. We at Markets and
Markets are inspired to help our clients grow by
providing apt business insight with our huge
market intelligence repository.
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