Revenues from Mobile Health Monitoring to Reach $1.9 Billion Globally by 2014 Says Juniper Research
HAMPSHIRE, England--(BUSINESS WIRE)--According to Juniper Research, revenues from remote patient monitoring using mobile networks will rise to almost $1.9 billion globally by 2014, with heart based monitoring in the US accounting for the bulk of early mobile monitoring roll-outs.
The mHealth report found that mobile healthcare monitoring will demonstrate substantial growth in the US and other developed markets. However, while mobile monitoring will contribute to healthcare cost savings in developed markets, national wealth and the structure of the Healthcare market in a given geographical region will have an important bearing on the extent to which it is rolled out.
Anthony Cox, Senior Analyst at Juniper Research said, "In Africa, the opportunities for m-health monitoring will be limited but SMS based education programs will be rolled out there and these can be of great benefit."
Other areas which will contribute to m-Health revenues include Fitness and Healthcare Smartphone apps and eventually advanced apps which link in to sensors worn on the body.
Further findings from the mobile healthcare report include:
- The market for health and fitness mobile applications will thrive and eventually spawn a new market for advanced apps which integrate sensors worn on the body
- Establishing the correct route to market for those selling m Health services will be key to their success
- In the past eighteen months there has been a renewed interest in m Health from operators globally
The report includes major analysis of the current state of play in the mHealth market and contains six year forecasts for key areas within the mobile health area and associated service revenues. Forecasts include the number of mobile monitoring events, revenues from mobile health monitoring, 2 scenarios detailing cost savings attributable to mobile health monitoring, number of health and fitness application downloads, health and fitness download revenues.
Mobile Health Whitepaper and further details of the study ‘Mobile Healthcare Opportunities: Monitoring, Applications & mHealth Strategies 2010-2014' can be freely downloaded from www.juniperresearch.com.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.