15 Jan 2013
Berg Insight: mobile health market set to soar
Around 2.8 million patients worldwide were using a home monitoring service based on equipment with integrated connectivity at the end of 2012, claims Berg Insight.
The analyst business forecasts that the number of home monitoring systems with integrated communication capabilities will grow at a compound annual growth rate (CAGR) of 26.9 percent between 2011 and 2017 to reach 9.4 million connections worldwide.
The number of devices with integrated cellular connectivity increased from 0.73 million in 2011 to about 1.03 million in 2012, and is projected to grow at a CAGR of 46.3 percent to 7.1 million in 2017.
According to the analyst, these figures include all patients using dedicated devices for remote monitoring, but not patients using their personal mobile phone, tablet or PC for remote monitoring.
“Widespread use of remote patient monitoring is still years away, but we are moving towards an age where mobile health solutions will become part of standard care pathways. Financial incentives are now coming into place and new mandates are formed that favourably affect the adoption of mHealth solutions," says Lars Kurkinen, Telecom Analyst, Berg Insight. "We believe 2013 will be a landmark year as the mHealth industry shifts into a strong growth phase that will last for many years to come.”
According to Kurkinen, several new developments in the mHealth industry will ensure strong market growth in 2013 and beyond.
In the US, the progressive increases of re-admission penalties set by the Centers for Medicare & Medicaid Services (CMS) will drive hospitals to adopt telehealth solutions for monitoring post-discharge patients.
In the UK, the positive results from the Whole System Demonstrator project led the National Health Service to issue a mandate for 100,000 additional patients to be monitored with telehealth solutions by March 2014.
In France, a new mandate on compliance monitoring will ensure that all new sleep therapy patients will be remotely monitored from 2013 onwards. This new mandate is expected to result in more than 600,000 connected sleep therapy devices by 2016.
“Today cardiac rhytm management (CRM) is the most important segment of connected medical devices," adds Kurkinen. "However, we believe that connected sleep therapy devices will become the largest segment of connected medical devices by 2017, followed by the CRM and telehealth categories. Connectivity is at the same time gaining momentum in several other segments such as blood pressure monitoring, glucose monitoring, ECG monitoring and medication adherence."
Most popular news in Wireless technologyKerlink helping to bring winning IoT apps to market
Bluetooth Smart Module is energy-saving and easy to integrate
Connected pallets ranked as most promising greenfield IoT application
Wurth Electronic & Semtech collaborate on wireless charging platform
NFC tags combat fake products and counterfeit transactions
Share this page
Want more like this? Register for our newsletter