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August 06, 2012 01:00 AM

Health app market could reach nearly $12 billion: report

Beth Kutscher
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    The market for mobile health applications is continuing to grow and is expected to reach $11.8 billion by 2018, according to GlobalData, a market research firm.

    The rapid adoption of smartphones and tablets has boosted the demand for healthcare-related mobile technology, and patients and physicians have adopted apps that cover everything from nutrition to diagnostic imaging. About 70% of available apps are consumer-focused while the rest are geared toward medical professionals, according to a GlobalData news release.

    The business intelligence provider's report noted that the mobile health market—worth $1.2 billion in 2011—is projected to grow at a compound annual growth rate of 39%.

    The U.S. is the largest market for mobile health technology at $660 million followed by Europe at $420 million and Asia at $120 million.

    Software and services represent 80% of the global market with hardware comprising 12% and network and connectivity, 8%.

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        • Midwest
        • Northeast
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      • Digital Edition (Web Version)
    • Digital Health
    • Insights
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    • Data/Lists
      • Rankings/Lists
      • Interactive Databases
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    • Opinion
      • Bold Moves
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      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
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        • Top 25 Emerging Leaders
        • Top 25 Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Transformation Summit
        • Women Leaders in Healthcare Conference
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        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Supply Chain Revenue Cycle
        • - Hospital at Home
        • - Workplace of the Future
        • - Virtual Health
        • - Future of Healthcare Staffing
      • Custom Media Event: ESG Summit
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