Rising Smart Phones Boosting M-health Market in US

The US healthcare IT-market is anticipated to grow at a CAGR of around 22.5% during 2012-2014, says RNCOS.


Noida, UP -- (ReleaseWire) -- 05/08/2012 -- RNCOS in its new research report, “US Healthcare IT Market Forecast to 2014”, says that mobile technologies are becoming ubiquitous in the US and the world. Some of the most compelling privileges of mobile technologies are in the areas of disease prevention, chronic disease management, and improving healthcare delivery. It is projected that by 2014, public and private healthcare providers could save about US$ 1.96-5.83 Billion in healthcare costs worldwide by utilizing m-Health technologies for health monitoring. Moreover, at the end of 2009, Smartphone penetration in the US was around 21%, which is expected to cross 50% by the end of 2011. All these factors are opening the gateway of m-health market in the US, which is estimated to be US$ 2.07 Billion at the end of 2011 with a YoY CAGR growth rate of around 18%.

Devises employed in mobile technologies for m-Health interventions, range from cell phones, smartphones (hardware and software), laptops, tablets, mobile-enabled diagnostic, and screening devices, to devices with mobile alert systems. All these devices vary extensively in features, cost, and strength of substantiation to recover patient outcomes, workflow efficiencies, and right to use health information.

Even, the US Healthcare Information Technology (HIT) market has been growing at a rapid pace over the past few years, as there are high instances of new product introductions and evolving industry standards. The Federal Government’s initiatives are the driving forces behind current healthcare information technology (IT) spending. The boosts to the healthcare sector will also increase the demand for healthcare-IT services and products in the country. On the back of these factors, the US healthcare IT-market is forecast to grow at a CAGR of around 22.5% during 2012-2014.

The report, which is spread over in 120 pages provides an in-depth research and rational analysis of the current status and expected position of the Healthcare IT-industry in the US. It also facilitates future forecasts on healthcare IT-market segments like software, hardware, and services, and on the healthcare IT-components like e-health, EMR, m-health, remote patient monitoring market, and medical imaging information system market during 2012-2014. Besides, it also sheds light on the potential growth areas of Healthcare IT industry in the country.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM390.htm

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.