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mHealth market to reach $23B this year — 4 things to know

A SNS Research report anticipates the mHealth market will experience great growth through 2030.

Here are four things to know:

1. The report expects the market to total $23 billion in 2017.

2. Over the next three years, SNS Research anticipates the market will increase at a compound annual growth rate of more than 35 percent.

3. Factors that could hinder market growth include high regulation, a lack of patient acceptance and privacy issues.

4. Various mobile operators are investing in mHealth as a means to increase their subscribers using healthcare wearables.

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