A new report from healthcare industry analysts GlobalData forecasts that the value of the global mobile health (m-Health) market will grow from $1.2 billion last year to $11.8 billion (£7.6 billion) by 2018, the equivalent of 39% growth every year.
mHealth, which involves the use of mobile applications and devices to monitor a patient’s health remotely, is growing as the adoption of smartphones and tablets increases.
GlobalData’s study says most of the mHealth market is taken up by software and services, which account for 80% of the total. Hardware makes up 12% of the market, with network and connectivity accounting for the remaining 8%. Around 70% of current healthcare apps are consumer-focused, while the remaining 30% are designed for medical professionals.