News

Global mobile health market set to hit $20.7 billion by 2018, report finds

BY Alaric DeArment

DALLAS — The global market for mobile health apps and other products is expected to reach a value of nearly $21 billion in five years, according to a new report.

Market research firm MarketsandMarkets announced Thursday the release of the report, which analyzed the market for mobile health through 2018 in North America, Europe, Asia and elsewhere, forecasting that it would be worth about $20.7 billion by then. The market is currently valued at about $6.3 billion.

Currently, connected devices dominate the market, contributing about 85% of total revenue, with cardiac monitoring and fitness tracking ranked as the most prominent uses of mobile-enabled connected devices. The application market is in an "introductory" phase, the report found, and is highly fragmented due to a number of companies developing software; free apps constitute almost 90% of the download market for healthcare applications. In addition, significant price differences between health and medical apps lowers the adoption rate among healthcare professionals, and though the number of downloads of health apps contributed almost 90% of the healthcare applications market, revenue contribution was not significant due to a low average price range of $1 to $2 per download.

Major driving factors in the market include the growing adoption of smartphones, tablets and PDAs, increasing awareness of chronic disease management and connectivity such as Bluetooth, Wi-Fi and 3G and 4G networks.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Smuckers introduces natural fruit spreads line

BY Jason Owen

ORRVILLE, Ohio — Today, the J.M. Smucker Co. introduced a new line of natural fruit spreads made with quality ingredients from natural sources, the company stated.

Smucker’s Natural Fruit Spreads contain no preservatives, are made with ingredients from natural sources and are made with real sugar, according to the company.

Natural Fruit Spreads come in four flavors: strawberry, red raspberry, orange marmalade and concord grape. They are sold in 17.25-oz. glass jars for a suggested retail price of $2.59 to $3.89, the company noted.


Get connected and follow us on LinkedIn for the most in-depth coverage of drug store news. Join the conversation.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Reports: UPS stores bring in 3-D printer, one hires engineer

BY Alaric DeArment

NEW YORK — UPS stores in San Diego and Washington are offering 3-D printing services of objects ranging from pet-feeding devices to high-tech smartphone attachments to car parts, according to published reports.

The Atlantic recently reported online that the San Diego store had hired an engineer, and customers could come in with an idea, get it on paper and then print the object. Customers have included owners of old cars that needed replacement parts, engineers and doctors.

Boosters have touted 3-D printing as the next wave of manufacturing in the United States. According to Business Facilities magazine, 3-D printing has attracted 520,000 manufacturing jobs to the United States since January 2010. And at the Total Store Expo last month, the National Association of Chain Drug Stores featured a 3-D printer in its "Innovation Zone."


Get connected and follow us on LinkedIn for the most in-depth coverage of drug store news. Join the conversation.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?