mHealth is a successful integration of mobile technology and healthcare services that entail a revolution in the global healthcare solutions market. The global mHealth Market is estimated to be valued at $6.6 billion in 2013 and is expected to reach $20.7 billion by 2018 at a healthy CAGR of 25.5%.
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The healthcare applications market is classified into health apps and medical apps. Health apps are segmented into exercise, weight loss, womens health, sleep and meditation, medication reminder and other apps, whereas the medical apps market is segmented into medical reference, and other applications like apps for mental health, dermatological treatment, and emergency response. Despite the higher download volume of healthcare applications, revenue contribution of apps is not significant since the majority of applications are free and paid apps cost between $1 and $2 each.
