Global mobile healthcare market: Over 30% CAGR forecast between 2013-2018

Press Release   •   Jul 02, 2013 14:26 BST

The global mobile healthcare market is suggested to have reached a value of around $6.21 billion at the beginning of 2013, and is forecast to grow to a total of $23.49 billion by 2018. This suggests a CAGR growth rate of around 30.5% between 2013 and 2018.

Mobile healthcare market means Portable (movable/compact) healthcare products with integrated wireless communication capabilities (using various types of WLAN, WPAN and WMAN technologies with different protocols). These products are generally used for measuring & monitoring data in combination with display or representation of the data on a mobile computing device, typically a smart-phone or a tablet.

The key drivers in the market include high growth of digital wireless and mobile communications, increased patient mobility and rise in healthcare standards due to integration of wireless technology. The prominent trend in this market is the use of Bluetooth, NFC and ZigBee to leverage connectivity anywhere. Use of multiple sensors to make multi-parameter sensing medical monitors at low costs is another important trend in this market.

In the mobile cardiac monitor market, ECG machines are the most prominent segment, contributing 87% to the mobile cardiac monitor market. ECG machine is the basic diagnostic tool used to detect various kinds of heart diseases. Also it is very costly as compared to all the other equipment in this segment, so it accounts for the major share of the total revenue of mobile cardiac monitor market. Mobile hemodynamic equipments are another important segment in the mobile healthcare market.

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