The mHealth market is expected to dramatically increase in popularity over the coming years, with Juniper Research estimating the amount of people using mHealth services will triple to 157 million by 2020.
There are several factors involved in mHealth’s expected growth, which can be addressed using digital technology. Juniper isolated four specific areas: an ageing population, unhealthy lifestyles, an increase in chronic diseases, and increasing healthcare costs.
The amount of mHealth users will triple between now and 2020, due to these reasons
These all call for mHealth apps and technology to provide home-based monitoring, fast information, advice on behaviour, and the introduction of new healthcare business models. Outside of this, mHealth also drives the adoption of Electronic Health Records (EHR), and the use of wearables and smartphone-controlled accessories for personal health monitoring.
However, Juniper points out that this growth could be considerably higher, but there are barriers holding back innovation in many markets, such as the high level of governmental involvement, and the variations in healthcare between countries.
The news is part of Juniper Research’s Worldwide Digital Health report, which examines how the market will look between now and 2020. It can be purchased from Juniper here.