ADHC - mHealth Market GrowthADHC - mHealth Market

ADHC - mHealth Market Growth ADHC - mHealth Market Growth

Both the telehealth and mobile health (mHealth) markets are expected to increase dramatically over the next few years, according to market researcher GlobalData.

Growing applications and availability led the firm to predict that the industry will grow from a 2011 valuation of $13.2 billion to $32.5 billion by 2018.

According to GlobalData, the key factors driving the industry include the need to increase the reach of quality medical care to remote locations, reduce healthcare expenditure and enable the optimal usage of limited provider resources. The accelerated growth of robust telecommunication technologies, the increased adoption of related healthcare IT solutions and the readiness of companies and governments to invest also are contributing to the markets double-digit growth.

Currently, the U.S. dominates the industry, holding a 51 percent share in 2011, but the Asia-Pacific region is estimated to exhibit the most impressive growth. In 2011, Asia-Pacific contributed $2 billion to the global telehealth and telemedicine market and this is expected to almost quadruple by the end of 2018, to just under $8 billion.