Report Claims mHealth App Market Growth to $26 Billion by 2017

3-12-2013 10-50-25 PM

Yet another research firm publishes yet another unapologetically aggressive prediction on the future value of the global mHealth market. research2guidance has released a report suggesting that by 2017 the mHealth app market will top $26 billion, up from a global $1.2 billion market valuation for 2012.

To achieve those results, the mHealth marketplace would need to see 85 percent growth every year for the next five years. That’s asking a lot considering that of the top 10 fastest growing industries of 2012, none are predicted to hit annualized growth rates north of 25 percent in any given year between now and 2017.

Further highlighting the variability in mHealth growth predictions, Transparency Market Research recently published a similar report predicting a net worth for mHealth at 10.2 billion by 2018, with a sustained 41 percent annual growth. That report was published a month ago, and predicts less than half the growth that this new report predicts.

Despite the multi-billion dollar variances in predictions, there is broad consensus across the industry that mHealth is poised for rapid growth and appears to be, finally, positioned to monetize.

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