By the end of 2017, the mHealth industry is expected to have grown by a compound annual growth rate of 61 percent, to reach a value of $26 billion, according to a new report from Research and Markets.

By the end of 2017, the mHealth industry is expected to have grown by a compound annual growth rate of 61 percent, to reach a value of $26 billion, according to a new report from Research and Markets.

The market for mHealth applications is developing along three different phases. Currently, mHealth players have entered the commercialization phase of the market. This phase can be characterized by a massive increase of offered solutions, the creation of new business models, and the concentration on private, health-interested people, patients, and corporations as major target groups.

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Source: mHealth Industry to See Significant Growth by 2017, Report Says