According to analysts, Apple’s HealthKit will revolutionize the mobile health market

September 1, 2014 | Reply More

Apple HealthKit

Apple’s HealthKit initiative will allow apps that provide health and fitness services to share their data with Apple’s new Health app and with each other. The user’s health information will also be stored in a secure, centralized location and the users will also be able to decide which data should be shared with each app. As HealthKit comes together, analysts expect it to revolutionize the mobile health market.

Linda Tian, GlobalData’s Analyst covering Medical Devices called HealthKit a “major milestone in the wave of technology-healthcare alliances,” stating,”This move into the mobile health (mHealth) space promises significant future returns for Apple, as GlobalData forecasts this market to grow at a Compound Annual Growth Rate (CAGR) of 31.5%, from an estimated $3 billion in 2013 to $11.8 billion by 2018. In addition, Apple’s timely market penetration and established consumer engagement strategies will potentially enable the company to set the industry standards for future developments, similar to how it revolutionized the smartphone space.”

Niharika Midha, another Analyst covering Medical Devices for GlobalData agreed with Tian, adding, “Apple’s HealthKit will offer a platform for developers to unveil new approaches to help physicians monitor patient health. Big technology companies also provide the ability to collect the data, transform it into meaningful information, and then disseminate it on a large scale.”

Read more: http://www.pddnet.com/news/2014/08/apple%E2%80%99s-healthkit-revolutionize-mobile-health-market-say-analysts

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