Global mHealth Technologies Market Projected to Reach nearly $21.5 Billion in 2018; Europe Segment Growing At 61.6% CAGR

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Mar 25, 2014, 10:00 ET

WELLESLEY, Massachusetts, March 25, 2014 /PRNewswire/ --

BCC Research (www.bccresearch.com) reveals in its new report, MOBILE HEALTH (MHEALTH) TECHNOLOGIES AND GLOBAL MARKETS, the global mHealth market is projected to grow to nearly $21.5 billion by 2018, with a five-year compound annual growth rate (CAGR) of 54.9%. Europe is the fastest moving segment in this market with a tremendous CAGR of 61.6%.

Over the next decade innovations within the mHealth market will be driven by evolution of smartphone technologies, improvements in wireless coverage, and remote treatment and monitoring of prevalent chronic diseases. While North America is currently the largest global market, by 2018 Europe is expected to grow to be the largest market.

"MHealth solutions can help to rapidly improve healthcare access in developing countries and maintain quality healthcare services in the face of increased patient burden in the developed countries," said BCC healthcare analyst Dr. C. L. Barton. "In addition, mHealth technologies can provide companies with a competitive advantage in the increasingly competitive pharmaceutical environment."

Mobile Health (MHEALTH) Technologies and Global Markets provides an overview of the global mobile health technologies market, including the current status of the industry and recent developments, as well the changing environment, in terms of new challenges and rising opportunities. The report analyzes the market trends, leading service providers, therapy markets and most popular mHealth applications. The study also explores the primary beneficiaries of mHealth and identifies the areas/services with revenue growth opportunities in the mHealth industry, across the globe. Finally, it provides future insights into the second generation of mHealth devices, the projected regulatory patterns, innovative devices, and services to be launched in the near future.

This report is intended for mHealth developers, services providers, and mobile operators as well as pharmaceutical industry experts, biotechnology firms, diagnostic laboratories, and organizations interested in exploiting the commercial opportunities offered in this field.

Editors and reporters, who wish to speak with the analyst, should contact Steven Cumming at [email protected].

About BCC Research

BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped clients identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email [email protected].

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1) 781-489-7301; Email: [email protected] as the source and publisher. Thank you.

Contact: Steven Cumming

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