HEALTH APP MARKET WORTH $6.7 BILLION BY THE END OF 2014

Report From Visiongain Shows Positive Growth in mHealth Market

The mobile health market is growing fast, a report by research firm Visiongain expects it to be worth US$ 6.7 billion by the end of 2014. The benefits of telemonitoring and the economic savings that can be realised through health apps is spurring on the growth in this burgeoning industry. According to the report austerity measures have compelled many health departments around the world to reduce spending and search for more cost-effective practices. “Enabling them to diagnose, monitor, and communicate with patients remotely, mHealth promises extensive cost-savings for healthcare professionals and institutions. This new industry will also pay dividends to network operators, software developers, and data platform management providers who may turn their core competencies onto the medical field.”