mHealth Market to Reach $23.49 Billion by 2018

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.

About the author

John Lynn

John Lynn

John Lynn is the Founder of HealthcareScene.com, a network of leading Healthcare IT resources. The flagship blog, Healthcare IT Today, contains over 13,000 articles with over half of the articles written by John. These EMR and Healthcare IT related articles have been viewed over 20 million times.

John manages Healthcare IT Central, the leading career Health IT job board. He also organizes the first of its kind conference and community focused on healthcare marketing, Healthcare and IT Marketing Conference, and a healthcare IT conference, EXPO.health, focused on practical healthcare IT innovation. John is an advisor to multiple healthcare IT companies. John is highly involved in social media, and in addition to his blogs can be found on Twitter: @techguy.

   

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