The global mHealth market was valued at $13.67 billion in 2015, and it is expected to experience rapid growth through 2022.
A report from P&S Market Research projects the global market will grow at a compound annual growth rate of 34 percent from 2016 to 2022. Factors driving the market's growth include increasing healthcare costs, demand for patient-centric solutions and increasing chronic disease prevalence.
North America held the largest market segment in 2015, but the Asia-Pacific market is expected to grow at a CAGR of 40.5 percent through 2022.