— TEDMED (@TEDMED) July 10, 2013
I always love to think about market size numbers, and so it’s interesting to see them predicing the mHealth market to reach $23.49 billion in 2018. However, even more important is that the data from MarketsandMarkets says the global mHealh market is $6.21 billion in revenue in 2013.
The reason I say this second number is important is because the specific numbers matter very little. Instead, what matters is the growth trend of an industry. Is the industry getting larger or smaller? This will really affect how you work in the mHealth market.
I wish there was a breakout of the types of companies in the mHealth market and which ones make up the largest portion of the market. Then, we could have an even better understanding of where this market is heading. Plus, sometimes many non-mHealth market companies get included because they have some small piece of mHealth business.
The report also says to watch for Bluetooth, NFC and ZigBee for connectivity. They also see a trend in multi-parameter sensing medical monitors. The costs for these are coming way down.