Mobile health market projected to reach $21.71B by 2022: 5 things to know

The global market for mobile health is expected to increase through 2022, according to a Market Research Future report.

Here’s what you need to know:

1. The market is projected to reach $21.71 billion by 2022, increasing at a compound annual growth rate of 36.5 percent.

2. The majority of the market is attributed to the monitoring application segment, which holds 61.8 percent of global market shares.

3. The Americans hold 34 percent of the market, which is the largest market share of any region. The Asia-Pacific region is the second largest market; Europe’s market is expected to grow in the coming years.

4. Key market vendors include Apple, athenahealth, Biotelemetry, GE Healthcare and Google, among others.

5. Market drivers include patient involvement in personal healthcare, integration of smartphones into the healthcare industry and changes in legal and regulatory direction.

More articles on health IT:
HIMSS, CHIME partner to extend international reach
AHA emphasizes access to telehealth in letter to US Senate, Chronic Care Working Group
IBM Watson rolls out Internet of Things consulting platform

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