The Global Market for mHealth Services is Projected to Reach US$22.9 Billion by 2020
Convergence of Mobile Technology & Healthcare Spurs the Global mHealth Market, According to a New Report by Global Industry Analysts, Inc. GIA announces the release of a comprehensive global report on mHealth (Mobile Health) Services. The global market for mHealth Services is projected to reach US$22.9 billion by 2020 , driven by spiraling sales of smartphones, growing awareness over p roactive self-care, and development of innovative apps to address healthcare issues. mHealth (mobile health) represents an alternate solution to traditional high-cost healthcare services. By enabling the use of smartphones, tablets, and PDAs to access critical healthcare information and leverage value-added services, mHealth benefits patients as well as healthcare providers. mHealth enables remote monitoring of chronic diseases, thus reducing the pressure on hospitals and healthcare facilities and minimizing healthcare expenditure considerably. Given the current challenging healthcare envi