SAN ANTONIO, April 23, 2014 /PRNewswire/ -- Strategy acceleration firm Compass Intelligence is proud to announce it has released its "mHealth Market Analysis: Opportunities & Evolving Ecosystem" report. The report provides a deep dive into the mHealth market, the ecosystem, and the growth opportunities for vendors and service providers. The report is part of Compass Intelligence's M2M, IoT & Connected Devices Research Track. The report assesses market opportunities with data collected by our Thought Leaders Panel and interviews conducted by our team with leading vendors and service providers in the mHealth ecosystem.
"The mHealth market is wrought with challenges due to the regulatory, privacy concerns, and other risks," states Lavanya Rammohan, Sr. Analyst at Compass Intelligence. "Wireless carriers have put the stake in the ground in this market but based on our research, many end users do not believe that wireless carriers will dominate the market in the future."
Mobile health (mHealth) is gaining traction in the market. Interest in mHealth opportunities are on the rise from end-consumers to technology providers and government bodies. Companies are taking mHealth application roadmaps into new territories with intelligent and smart sensors, embedded devices, wireless communication protocols, wearable devices, and device integration. This allows physicians and patients' access to better tools to monitor health and make informed decisions. Other factors pushing demand for mHealth products include wellness initiatives, government support, a need to extend healthcare outside of hospital walls, and cost reductions, which are spurring rapid advancement in mHealth solutions.
"The mHealth market potential has encouraged wireless carriers, MVNOs, technology, and hardware providers to steadily focus on this market, which is helping to increase market adoption," adds Lavanya. "As a result, there is increasing usage of smartphones and other sophisticated electronic devices that have increased efficiency and productivity of mHealth apps and products."
The mHealth market report uses data collected from our Thought Leaders Panel research. A summary of the survey and the mHealth Market Analysis: Opportunities and Evolving Ecosystem report are available here.
Key Findings Include:
- The mHealth market will witness new opportunities due to Increasing virtualization, mobile applications, real-time communication, and remote diagnostics.
- There will be increasing convergence, leading to new business models and sales channels.
- Design, development and manufacturing techniques will revolve around productivity, cost, value creation, and product time-to-market
- Remote diagnostics, telecare, intuitive mHealth products, green and intelligent infrastructure will become the norm by 2020.
- Companies across the ecosystem will collaborate to launch successful customer centric products, thereby reducing research and development (R&D) costs and speeding up time to market.
Want to learn more about the impact of mobile & wireless on your enterprise? Join us at Go Mobile 2014, October 13-15, 2014 at the Omni Mandalay in Las Colinas, Dallas, TX. Click here for more information.
About Compass Intelligence
Compass Intelligence, a market analytics and consulting firm, specializes in strategy acceleration and insights for the high-tech and telecom industries while providing clients tailored services through excellent customer support. Compass Intelligence provides executive insights, market sizing/modeling, competitive analysis, strategic consulting, and expert recommendations on multiple markets. Visit us at http://www.compassintelligence.com. Follow Compass Intelligence on Twitter at @CompassIntel
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SOURCE Compass Intelligence