The United States and China have emerged as the two modern global superpowers of mHealth.
Although nations across the global landscape are striving to utilize technology for the benefit of their unique healthcare systems and to combat the challenges facing dramatically diverse markets, the United States and China are, without question, the biggest drivers of the mHealth industry in 2014.
The latest data from the World Health Organization shows that 38% of countries that participated in the mHealth research reported using call centers.
“A sizable numbers of countries described the use of reminders, telemedicine, records, and treatment in healthcare,” Monday’s report summary from Brookings reads.
Researchers at GSMA estimate the size of the global mHealth market will be five times larger in 2017 than in 2013. The largest market in 2013 is projected to be United States followed by China. Together they will occupy about one third of the market with United States accounting for about one quarter of projected revenue. The other BRIC countries besides China will also likely see large growth in the field of mHealth.
Through the remainder of this decade, however, the growth in China is expected to be particularly fierce. The mHealth market in China alone is now projected to grow more than 50% in both 2016 and 2017.
Not surprisingly, wearable tech will play a key role in this expansion. The market for wearables is on pace to double in size between 2011 and 2017.