A pair of recently published market research reports have outlined upward trends among mobile health technologies.
“Driven by the thriving ecosystem, SNS Telecom & IT estimates that the mHealth market will account for more than $28 billion in 2018 alone,” the market research service wrote in its latest report. “Despite barriers relating to regulation, patient acceptance and privacy concerns,...
The average cost of development for a mobile health app from conception to launch is approximately $425,000, with nearly half of this expense outsourced to third-party app development agencies or freelancers, according to new research data recently released from a Research2Guidance survey of 2,400 mobile health stakeholders conducted over the summer.
“The [$425,000] is just the average cost — for...
The global mobile health market is expected to top $49 billion by 2020, according to research firm Grand View Research, which made the same prediction 18 months ago. In 2012 the firm valued the global mobile health market at $1.95 billion. Grand View predicts the market will have a compound annual growth rate of nearly 48 percent from 2013 to 2010.
The increasingly large aging population and the...
The global mobile health market is expected to grow at a compound annual growth rate of 33.5 percent between 2015 and 2020, according to a new report from Allied Market Research. The market was valued at $10.5 billion in 2014.
Blood pressure monitors will hold the largest share of the device part of the market, followed by blood glucose monitors, and cardiac monitors. These three device segments...
According to a findings of a small consumer survey conducted by HIMSS and sponsored by Qualcomm Life, a majority of consumers are familiar with the term remote monitoring device, only a quarter of those surveyed reported using one before, and only 16 percent had heard about such devices from their healthcare provider. The survey's results were fairly consistent with past surveys -- few of the...
