Proof Point
Global mobile health revenues forecasted to reach $23 billion in 2017, up dramatically from $4.5 billion in 2013
Global Mobile Health (mHealth) Revenue
2013 – 2017F (US$ billions)
| Note: | Mobile health (mHealth) refers to the use of mobile phones and other devices to access and deliver health products and services. mHealth includes monitoring devices, mobile apps, and telemedicine equipment. PWC's calculation of the mobile health market includes charges paid for mobile calls, data connectivity, value-added services such as SMS, license/usage fees for applications and special devices with mobile connectivity (e.g., for monitoring). It does not include expenditure on smartphones or ordinary mobile phones. It also exclude services that are not closely associated with healthcare delivery and can be used in other industries as well. |
Proof Point Findings
- Mobile Healthcare (mHealth) – Refers to use of mobile phones and other devices to access and deliver health products and services, including monitoring devices, mobile apps and telemedicine equipment
- mHealth Market – Worldwide revenue from mobile health products and services projected to increase at compounded annual growth rate of 50% from 2013 to reach $23 billion in 2017
- Relative Size – Expected mHealth market size by 2017 is approximately 17% of the world digital health market of $136 billion
- Key Drivers – Include advancement of mobile technology, increasing smartphone penetration rate, accessibility of applications, particularly in remote places or where traditional healthcare is less advanced
|
Accelerator |
|
|
Sector |
Healthcare/Health Sciences
|
|
Source |
|
|
Date Last Updated |
October 19, 2016
|
