The global mHealth market is expected to grow at a compound annual growth rate of 34 percent between 2016 and 2022, according to a Research and Markets report.
Here are five highlights:
1. In 2015, the global mHealth market totaled $13.67 billion.
2. A rising demand for patient-centered healthcare models, increasing access of mobile platforms and a growing geriatric population will spur market growth.
3. Many smartphone owners prefer to communicate with providers via smartphones.
4. A lack of data security and privacy as well as insufficient memory, computational and energy limitations will pose as obstacles to market growth.
5. Some key players include Agamatrix, Biotelemetry, Johnson & Johnson and Medtronic.
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