mobile health market
A pair of recently published market research reports have outlined upward trends among mobile health technologies.
The average cost of development for a mobile health app from conception to launch is approximately $425,000, with nearly half of this expense outsourced to third-party app development agencies or freelancers, according to new research data recently released from a Research2Guidance survey of 2,400 mobile health stakeholders conducted over the summer.
The global mobile health market is expected to top $49 billion by 2020, according to research firm Grand View Research, which made the same prediction 18 months ago.
The global mobile health market is expected to grow at a compound annual growth rate of 33.