The Journal of mHealth Vol 1 Issue 3 (June 2014) - Page 18

Industry News Global mHealth Market Expected to Reach $49 Billion by 2020 The global market for mHealth is expected to reach $49 billion by 2020, according to a new study by Grand View Research, Inc. Monitoring services are expected to remain the dominant and fastest growing market segment, with market revenue of USD 1,227.5 million in 2012, and an estimated CAGR of 49.7% from 2014 to 2020. In addition to the headline growth figures, the report also outlines some of the key economic and social factors which are driving the market. Per capita healthcare expenditures have been increas