- What level of cost savings can mHealth facilitate for healthcare service providers in each region?
- What are the key applications of LTE and 5G networks in the mHealth market?
- What considerations should be taken into account to devise a successful mHealth strategy for a hospital?
- What strategies should mobile operators, enabling technology providers, mHealth device OEMs, healthcare service providers, pharmaceutical companies and application developers adopt to capitalize on the mHealth opportunity?
Key Findings The report has the following key findings:
- Driven by the thriving ecosystem, Research estimates that the mHealth market will account for over $ 23 Billion in 2017 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns, Research estimates further growth at a CAGR of more than 35 % over the next three years.
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- While the use of mHealth devices and apps is already widespread in clinical trials, pharmaceutical giants are now setting their sights on connected drug delivery platforms that will automatically detect and log patients’ medication use to improve adherence.
- Research estimates that mHealth centric wearable devices will account for over 60 Million unit shipments by the end of 2017. In order to gain valuable insights from the data generated by these devices, healthcare service providers and other stakeholders are increasingly investing in Big Data and analytics technology.
- mHealth has the potential to dramatically reduce the costs of healthcare operations, while improving the quality of healthcare. Research estimates that by the end of 2017, mHealth could represent up to $ 370 Billion in annual healthcare cost savings worldwide.