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Kalorama: mHealth Market Expected To Reach $33.7 Billion

Press releases may be edited for formatting or style | July 28, 2015
NEW YORK, July 28, 2015 /PRNewswire/ -- According to Kalorama Information, the global mobile health market, will reach $33.7 billion by the end of 2015. The healthcare market researcher defines mHealth as the evaluation and delivery of healthcare using mobile and wireless devices. With the use of wireless telephones in healthcare, patients, nurses, physicians, emergency department and hospital administration all stand to benefit. Kalorama's report, mHealth Markets Worldwide, is a comprehensive study of the mobile health industry.

Mobile Health Device (mHealth) Markets Worldwide can be found at Kalorama Information: http://www.kaloramainformation.com/redirect.asp?progid=87683&productid=9138421.

"The mHealth segment involves a complex and wide range of services, devices, software products, regulatory webs, market participants and end users," said Bruce Carlson, Publisher of Kalorama Information. "This complex framework requires the coordination of several parties and compatibility of several systems to provide a seamless network of health delivery."

Mobile health systems are emerging in response to the increasing healthcare needs of an aging population, new wireless technologies, better video and monitoring technologies, decreasing healthcare resources, an emphasis on reducing hospital days, and growing confidence in cost-effectiveness. Increases in spending have been seen in countries with growing economies such as Brazil and China. Some regional markets have experienced a slowing in the economic growth, but growth in healthcare spending is expected to continue due to increases in national coverage and health reform policies in areas like China.

The report says that physicians, medical students, nurses and other healthcare workers often use a variety of information sources each day. The use of mobile devices and applications (mobile device software) has proven itself to be an efficient way for professionals to stay connected as the industry grows and changes. Smartphone applications or "apps" can be developed for numerous types of processes including education, health management, data management, health information and other workflow processes. Not only is the medical community using smartphones and their applications for basic work, but also reporting use of smartphones in place of some of the work that would have previously been done on a desktop or laptop computer. The growing use of mobile medical devices and applications for smartphones has prompted the Food and Drug Administration to provide more oversight in this segment.

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