The global mobile health market, valued at $10.5 billion in 2014, is projected to grow at a compound annual growth rate of 33.5 percent between 2015 and 2020, according to a new report by Allied Market Research.
The firm predicts that blood pressure monitors will grab the largest share in the global mHealth device market, followed by blood glucose monitors and cardiac monitorswith all three devices collectively garnering 71 percent of the market share. The report attributes the sizable share of these monitors to increased affordability of mobile compatible devices, integration of innovative technologies in monitoring devices and the increasing prevalence of lifestyle diseases such as diabetes, stroke, and COPD.
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