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