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mHealth Services Market to Reach USD 23.39 Billion by 2020 Globally : Transparency Market Research(GlobeNewswire Via Acquire Media NewsEdge) Albany, NY, Aug. 18, 2014 (GLOBE NEWSWIRE) -- According to a new report "mHealth Services (Prevention, Monitoring, Diagnostic, Treatment, Information and reference, Wellness, and Healthcare strengthening services) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," published by Transparency Market Research, the market for mHealth services globally is forecast to reach USD 23.39 billion by 2020. Growing adoption of smartphone and high speed networks, which act as a medium for delivery of mHealth solutions, is expected to help service providers roll out their services at low cost to end-users, thereby supporting market growth. Rise in incidences of chronic diseases and emerging new application areas of mHealth solutions are further driving the demand for mHealth services worldwide. Transparency Market ResearchBrowse the full report with request TOC at http://www.transparencymarketresearch.com/mobile-health-market.html Globally, the mHealth services market was valued at USD 5.79 billion in 2013 and is estimated to grow at 23.9% CAGR during the forecast period, 2014 - 2020. The mHealth services market is segmented based on application, end-user, service types, and geography. On the basis of applications, the mHealth market is segmented into remote monitoring, collaboration and consultancy; general healthcare and fitness; healthcare management; health data and record access; and medical information. Of these applications, the remote monitoring, collaboration and consultancy segment is expected to witness the highest growth at a CAGR of 28.1% from 2014 to 2020, owing to rise in aged population and increasing need for independency by this population segment. The various mHealth services can be broadly categorized as patient solutions and healthcare strengthening solution. Patient solutions are further sub-segmented into wellness, monitoring, diagnostic, and treatment, among other services; with prevention services segment expected to witness the highest growth. This segment is expected to grow at a CAGR of 28.4% from 2014 to 2020, with demand mainly driven by rising incidences of non-communicable diseases worldwide. The healthcare system strengthening services are forecast to see highest demand contribution from emergency response services, as against that by healthcare surveillance services and support services for health care practitioners. In addition to healthcare practitioners or workers, the other potential end-users include public/private healthcare institutions, physicians, and individuals. Of these, individuals accounted for highest revenue contribution in 2013, owing to increasing health consciousness among individual users. The demand from individual users is further supported by availability of self-operated monitoring equipments/devices, such as blood sugar level tester, BP monitor, and others. These devices help individuals save on the cost incurred on a doctor visit, and remotely share details with their doctor. Development of smartphone based healthcare apps is further expected to drive demand for monitoring devices, and thus help market growth in the long run. Browse All Report on Technology & Media http://www.transparencymarketresearch.com/smart-microgrid-market.html http://www.transparencymarketresearch.com/automatic-number-plate-recognition.html Geographically, due to high market penetration of smartphone and high speed networks, North America is expected to remain the largest market for mHealth services till 2020. United States and Canada are the major countries supporting the growth of mHealth solutions market in North America. However, the market revenue share of North America for mHealth services is expected to decrease owing to the stringent government regulations pertaining to 'service and product marketing' and regulatory approvals. North America accounted for 51.2% of global mHealth services market revenue in 2013. As the mHealth services market is currently in the growth phase, a large number of multinational players from diverse industries, such as telecommunication, consumer durables and information technology are venturing in the market. The key players of the global mHealth services market include AT&T Inc., Apple Inc., Airstrip technologies Inc., Alcatel-lucent, Cerner Corporation, Diversinet Corp. (IMS Health), Koninklijke Philips N.V., SoftServe Inc, Symantec Corporation and Vodafone Group Plc., among others. These leading players are consistently increasing their research and development investments in order to develop more customer friendly and accurate solutions using mHealth platform. The top three players accounted for approximately 40% of the revenue share of global mHealth services market in 2013. This report analyzes the global mHealth services market in terms of revenue (USD Billion). The market has been segmented as follows: mHealth Services Market, by Service type Patient Solution Wellness services Prevention services Monitoring services Diagnostic services Treatment services Information and reference services Healthcare Strengthening Solution Emergency response services Health care practitioner support Healthcare surveillance mHealth Services Market, by Application General healthcare and fitness Medical information Remote monitoring, collaboration and consultancy Healthcare management Data, Health Record Access mHealth Services Market, by End-user Public/Private healthcare institutions Physicians Healthcare workers Individuals mHealth Services Market, by Geography North America Europe Asia-Pacific Rest of the World (RoW) About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. A photo accompanying this release is available at://www.globenewswire.com/newsroom/prs/?pkgid=27138 CONTACT: Ms. Sheela AK 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Source: Transparency Market Research 2014 GlobeNewswire, Inc. |