Global mHealth Market Growth

The mHealth market is set to swell to $58.8bn by the year 2020 – that is according to a report by Research Beam, which said that a rise in mobile phone usage across developing markets has prompted the surge.

Besides this, the shift from hospitals to personal care systems is also helping to shape the prevalent mHealth landscape due to the technology’s flexibility and “consistent care” convenience.

The report states: “Medical gadgets are proficient at providing sufficient and precise recording of biomedical indicators [and] factors such as transportability, convenience, customisation and high efficiency in curing chronic diseases are used by mHealth market players to distinguish their products.”

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