The global mobile health market was valued at $10.5 billion in 2014 and is expected to grow at a CAGR of 33.5% during 2015-2020, according to a new report by Allied Market Research. Blood pressure monitors hold the largest share in the global mHealth device market followed by blood glucose monitors and cardiac monitors.
The large share of these monitors can be attributed to increased affordability of mobile compatible devices, integration of innovative technologies in monitoring devices and the increasing lifestyle disease such as diabetes, stroke, COPD, ischemic heart to name a few. The report finds North America will continue to retain its dominant position in the overall mHealth market during 2015-2020.
