E-HEALTH NEWS

08/08/2012     

Mobile Health App Market Growing: Report

The market for mobile health applications is continuing to grow and is expected to reach $11.8 billion by 2018, according to GlobalData, a market research firm. The rapid adoption of smartphones and tablets has boosted the demand for healthcare-related mobile technology, and patients and physicians have adopted apps that cover everything from nutrition to diagnostic imaging. About 70% of available apps are consumed-focused while the rest are geared toward medical professionals, according to a GlobalData news release.

The business intelligence provider’s report noted that the mobile health market—worth $1.2 billion in 2011—is projected to grow at a compound annual growth rate of 39%. Software and services represent 80% of the global market with hardware comprising 12% and network and connectivity, 8%.

Source: Beth Kutscher, Modern Healthcare [8/6/12]