The global mHealth market is projected to reach $49 billion by 2020, according to a new report from Grand View Research.
Two of the major drivers of the expansion will be increasing consumer desire to manage their health more cheaply at home, as well as the proliferation of 3G and 4G networks capable of handling the demands of telemedicine and other mHealth services.
Additionally, government regulations and consumer expectations will drive demand of products and infrastructures to ensure the security and privacy of protected health information.
In North America, the largest segment of the mHealth market currently is home monitoring solutions, due to growing incidence of chronic disease. Home monitoring will continue to be a dominant market force in the next six years, according to the report.
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