Research firm Allied Market Research recently released a report that in the next five years (2015 to 2020), the global mobile health market will grow at a compound annual growth rate of 33.5%. The market size in 2014 was $10.5 billion.
On the device side, sphygmomanometers will have the largest market share, followed by blood glucose meters and ECG monitors, which will account for 71% of the mobile health device market. Among them, the blood glucose meter has the fastest development rate, and the annual growth rate will reach 41%.
In the field of mobile health services, diagnostics, monitoring and treatment services accounted for 74% of the market last year.
By region, North America and Europe account for the majority of the global mobile health market, accounting for 67% of revenue last year. In the North American market, the United States will be in the lead in the next five years.
The report pointed out that the core factors driving the development of the mobile health market include the expansion of mobile network coverage, the increasing popularity of chronic diseases, and the increased health awareness of patients in emerging markets. At the same time, the report also pointed out some obstacles affecting the development of the market, such as the narrow coverage of medical insurance, the uncertainty of government regulation in specific regions, and the low penetration rate of mobile health in the elderly population.
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