Top 20 mHealth players generated $2.8 billion in revenues last year, says Visiongain
The top 20 players in the mobile health market generated $2.8 billion in revenues last year, according to market research firm Visiongain.
Some of the top companies operating within the mHealth market are Vodafone, Qualcomm Life, Epocrates, Apple, CardioNet and Nike. Visiongain says that the market is highly fragmented and ready for new market entrants.
The benefits of mHealth include better healthcare system processes, such as mobile appointment booking software and wireless retrieval of crucial health care data, and mobile apps to help patients manage their chronic diseases.
Healthcare organizations and practitioners will find that mHealth products decrease workloads while increasing efficiency of treatments. In addition, mHealth will enable patients who live in remote or rural areas to get access to healthcare advice and treatment, observes Visiongain.
According to a survey of 1,835 healthcare executives conducted by Frost & Sullivan last fall, mHealth will be a top area of growth in the healthcare market this year. Mobile technologies will be used increasingly for wireless vital signs monitoring, location-aware telemonitoring systems and Bluetooth wireless technology-enabled health trackers.
Frost & Sullivan advises healthcare facilities to invest in secure wireless infrastructure to provide the connectivity and security that mobile devices and apps will require in the highly regulated healthcare industry.
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