A new Upcoming market report by Transparency Market Research is Mobile Medical Apps Market - Global Industry Analysis, Size, Share & Forecast 2015 - 2023
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Global mobile medical apps market is at a nascent stage at present, it is expected to rise rapidly in the coming few years. Mobile medical apps and other mHealth solutions are already being implemented by many healthcare institutions. Transparency Market Research (TMR) forecasts that in the coming few years, the mobile medical apps market will grow rapidly due to the rising dependence on medical apps for patient care monitoring. Mobile medical apps have the potential to revolutionize the healthcare industry due to their ability to improve patient access to medical care.
Enhanced Quality of Patient Engagement
By application, the global mobile medical apps market is divided into nursing tools, study tools, drug references, medical references, and clinical support systems. Factors such as long queues, lack of transparency of cost and quality, and other complexities tend to lower patient engagement in the global healthcare industry. However, with mobile medical apps, a patient can be notified if, for instance, their doctor is running late. Furthermore, apps can remind patients about their next visit to the doctor, buying new medicines, and can also notify them about the nearest drugstores.
Access to mHealth will improve in the Foreseeable Future
With the growing adoption of mobile medical apps, the need for the patient and doctor to be present in the same physical location will be eliminated. Moreover, patients with chronic conditions or elderly patients can simply receive healthcare services virtually instead of going through the cumbersome process of visiting the doctor at a clinic. The global market for mHealth services is projected to record a remarkable 23.9% CAGR from 2014 to 2020 and is expected to reach a value of US$23.30 billion by 2020.
FDA Regulations on Mobile Medical Apps will become Stricter
At present, the FDA is issuing guidelines to inform distributors, manufacturers, and other entities on how the FDA intends to regulate the select software applications targeted for mobile platforms. It is projected that the FDA will assert more regulatory authority over mobile medical apps in the coming few years. Currently, there exist over 40,000 health-related apps in the market, and in 2013, only around 100 of these apps were regulated by the FDA.
Lack of Appropriate Patient-Doctor Ratio will be Addressed
One of the major concerns for the global healthcare industry is the shortage of healthcare providers. The skewed patient-doctor ratio is especially observed in developing regions and rural areas. With the advent of mobile medical apps, medical care can be received by patients located in remote locations. Geography-wise, the global mobile medical apps market is segmented into North America, Asia Pacific, Europe, and Rest of the World. This trend is expected to significantly drive the growth of African and Asia Pacific countries in the global mobile medical apps market.
Other Smart Technologies will gain Momentum in the Market
Besides smartphones and other portable smart devices, another advanced mediums such as smart TV will gain impetus in the global mobile medical apps market. mHealth platforms such as smart TV hold a good promise of potential business opportunities for companies in the global mobile medical apps market.
The global mobile medical apps market is highly fragmented in nature and a handful of software companies are dominating the market. The most notable players in the global mobile medical apps market are Apple Inc., Blackberry, Motorola, Nokia, Huawei, and Panasonic. Some of the top products available in the global mobile medical apps market are Epocrates, iRadiology, Medscape Mobile, Nursing Central, STAT ICD-9 LITE, Care360 Mobile, Netter’s Atlas of Human Anatomy, and EMR apps.
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