Smartphone Penetration Driving M-health Market in US

Thursday 20 December 2012, Amsterdam

With the rising adoption of smartphones by physicians in the US, M-health market is growing immensely. The proliferation of next-generation smart mobile devices is astonishing as more than one-third of all US adults own one of these smart mobile devices and physicians are adopting them twice then the general population. Also, mobile applications to cater healthcare needs are also growing enormously. Besides, healthcare providers can save a huge amount of healthcare costs by utilizing m-health technologies for health monitoring. On the back of these factors, m-health market is anticipated to grow at a CAGR of nearly 19% during 2012-2014 with rapid pace of development in the country.

As per our research report, "US Healthcare IT Market Forecast to 2014", the US Healthcare Information Technology (HIT) market has been growing at a fast pace over the past few years. Driven by high instances of new product introductions and evolving industry standards, the segment is forecasted to grow at a CAGR of around 22.5% during 2012-2014. The Federal Government’s initiatives are the driving forces behind current healthcare information technology (IT) spending. The boosts to the healthcare sector will also increase the demand for healthcare IT-services and products in the country.

Also, in healthcare-IT market, e-health market in the US is gaining rapid growth momentum for overcoming the challenges on ways to future prospects of health care cost. Surging internet and broadband penetration in the country are the main reasons behind the growth of e-health market in the country.

The report, "US Healthcare IT Market Forecast to 2014", provides an in-depth research and rational analysis of the current status and expected position of the healthcare IT industry in the US. It facilitates future forecasts on healthcare IT-market segments including software, hardware, and services, and on the healthcare IT-components like e-health, EMR, m-health, remote patient monitoring market, medical imaging, and information system market during 2012-2014. Besides, it also sheds light on the potential growth areas of Healthcare-IT industry in the country and the existing regulatory environment. Besides that, the report also includes the study of the key players in the US coupled with their SWOT analysis and recent developments.