Healthcare providers and payers are increasingly embracing mHealth as a means to enhance care coordination, maximize outreach, boost patient engagement and improve outcomes, while minimizing costs.
Keen to monetize their vast wireless network assets, mobile operators view mHealth as a substantial revenue opportunity and many are extending beyond providing pure connectivity services, towards end-to-end mHealth offerings such as remote patient monitoring.
mHealth also offers a wealth of opportunities to the pharmaceutical industry, ranging from accelerated clinical trial innovation and medication adherence monitoring to securing the supply chain and combating counterfeit drugs.
In addition, with the increasing prevalence of mobile apps that provide therapeutic impact, the digital therapeutics space is beginning to emerge, which may one day rival mainstream pharmaceuticals in areas such as chronic disease care.
Other stakeholders that are set to benefit from healthcare are app developers, Big Data and analytics specialists, cloud computing giants, and even ride-hailing providers such as Uber whose platforms are increasingly being integrated with healthcare IT systems, letting healthcare providers improve their level of care by booking rides for their patients.
Driven by the thriving ecosystem, SNS Telecom & IT estimates that the mHealth market will account for more than $28 Billion in 2018 alone.
Despite barriers relating to regulation, patient acceptance and privacy concerns, SNS Telecom & IT estimates further growth at a CAGR of approximately 30% over the next three years.
The “ (Mobile Healthcare) Ecosystem: 2018 – 2030 Opportunities, Challenges, Strategies & Forecasts“ report presents an in-depth assessment of the mobile health ecosystem.
It includes market drivers, challenges, enabling technologies, applications, key trends, standardization, regulatory landscape, case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies.
The report also presents forecasts for mobile health investments from 2018 till 2030. The forecasts are segmented for 5 submarkets, 29 use case categories, 5 ecosystem player categories, 6 geographical regions and 34 countries.