Global mHealth Market to grow at CAGR of 34% to 2022 — 5 highlights

The global mHealth market is expected to grow at a compound annual growth rate of 34 percent between 2016 and 2022, according to a Research and Markets report.

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Here are five highlights:

1. In 2015, the global mHealth market totaled $13.67 billion.

2. A rising demand for patient-centered healthcare models, increasing access of mobile platforms and a growing geriatric population will spur market growth.  

3. Many smartphone owners prefer to communicate with providers via smartphones.

4. A lack of data security and privacy as well as insufficient memory, computational and energy limitations will pose as obstacles to market growth.

5.  Some key players include Agamatrix, Biotelemetry, Johnson & Johnson and Medtronic.

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