Demand for Collaboration and Consultancy Services Propels mHealth Services Market at an Extraordinary 23.9% CAGR 2014-2020

The report states that owing to the rising use of smartphones and 4G and 3G networks, the accessibility of healthcare-related services for end users has increased.


Albany, NY -- (SBWIRE) -- 01/20/2016 -- Albany, New York, November 02, 2015: Market Research Reports Search Engine (MRRSE) has announced that its repository now features a report titled "mHealth Services (Prevention, Monitoring, Diagnostic, Treatment, Information and reference, Wellness, and Healthcare strengthening services) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020". The report, by Transparency Market Research, states that the mHealth services market was valued at US$5.8 bn in 2013 and is expected to reach US$23.4 bn by 2020. The market will expand at an extraordinary 23.9% CAGR from 2014 to 2020. This research report presents a comprehensive review of the key market drivers, trends, inhibitors, mergers, acquisitions, service launches, and various other related industry activities of major players.

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The report begins by providing the market's snapshot in the forecast period from 2013 to 2020, with the market size and market forecast. Moving further, the report gives readers an introduction to the market and highlights various market dynamics such as drivers, restraints, and opportunities in the global market for mHealth services.

The report states that owing to the rising use of smartphones and 4G and 3G networks, the accessibility of healthcare-related services for end users has increased. This has impacted the mHealth services market positively. In addition, the increasing occurrence of chronic diseases has raised the demand for remote monitoring, thus fuelling the market. Furthermore, the rising applications of mHealth services have also boosted the market. On the other hand, factors such as the occasional lack of effectiveness of mHealth solutions and difficulty in measuring the outcome are amongst the prime factors that may inhibit the growth of the market in the coming years. These drivers and restraints have been evaluated on the basis of their impact on the overall mHealth services market.

Moving further, the report analyzes the market with the help of analytical tools such as Porter's five forces analysis, which elaborates on aspects such as bargaining power of buyers and suppliers, the threat of new entrants and substitutes, and competitive rivalry. The value chain analysis and market attractiveness analysis for the global mHealthcare services market also forms an integral part of this research report. Next, the market has been segmented on the basis of service type into wellness, solutions for patients, information and reference, emergency response, healthcare system strengthening, healthcare surveillance, healthcare practitioner support, prevention, monitoring, treatment, and diagnostics services.

These services have been compared on the basis of their growth potential, CAGR, and market size in the forecast horizon. In terms of application, the market is segmented into medication information, general healthcare and fitness, healthcare management, remote monitoring, collaboration and consultancy, and health data and record access. Collaboration and consultancy services and remote monitoring are amongst the most swiftly developing application segments. The following part of the report segments the market on the basis of geography into Europe, North America, Asia Pacific, and Rest of the World. As per the report, Asia Pacific is predicted to grow at the highest growth rate owing to increasing potential customers within Japan and China.

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The prime players dominant in the mHealth Services market include Apple Inc., AT&T Inc., Airstrip technologies Inc., Cerner Corporation, Alcatel-lucent, Qualcom, Inc., Koninklijke Philips N.V., SoftServe Inc, Diversinet Corp., Vodafone Group Plc., and Symantec Corporation, among others.

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