Global mHealth Market Expected To Reach USD 49 Billion by 2020; New Market Research Reports

According to a new market research report by Grand View Research Inc, the global mHealth (Mobile Health) market is expected to cross USD 49 billion (USD 49,119.2 million) by the year 2020. The most domineering – and currently the fastest growing – segment in the mHealth industry will be monitoring services, with market revenue of USD 1227.5 million in 2012. Monitoring services segment has been forecasted to grow an estimated CAGR of 49.7% from 2014 to 2020.

Due to the increase in per capita healthcare expenditures, medical services are unaffordable for a large percentage of the population. As a result, mHealth is expected to rapidly rise over the next six years. Smartphone penetration, steady and reliable internet connectivity, and uptake of 3G and 4G networks is also expected to fuel the increasing demand for telemedicine services.

Also see: mHealth To Experience Top Growth In Healthcare In 2014: Report

Other factors such as aging population and growing incidences of diseases linked to changing lifestyles have intensified the need for affordable and accessible healthcare. Concerns among users, regarding the safety and privacy of information, along with the need for secure infrastructure, are the key challenges for market participants. [@HealthITplus]

Delivering Better Patient Experience With Digital Tools – Infographic

Digital tools can help deliver a better patient experience, with improved results, at lower costs. Although the digital health market is still evolving, the infographic below shows the wide range of activity thus far.

This post was originally published on Strategy-Business.com

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mHealth Revolution, It’s Happening In 2014

Mobile health or mHealth is going to make a steep climb in 2014

Many recent reports have suggested that mHealth will be increasing rapidly and the technological developments surrounding mHealth is expected to be extremely broad and swift. Corroborating this trend is the presence of large number of health related gadgets, wearable techs, remote monitoring devices, presentations etc that were/ are being and will be showcased all major tech shows and events.

Also see: CES 2014 Dominated By mHealth Exhibitors

The mHealth sector has already seen significant growth over the past few years but 2014 will be a game changer.

Many analysts and reports are suggesting that 2014 will be the official start of what is being called the mHealth revolution. It will also transform the world of medicine and implementation of mobile devices in the healthcare industry. [@HealthITplus]

Upcoming 2014 mHealth Events

There have been a lot of technological innovations and enhancements surrounding the mobile health (mHealth). Mobile health is considered the future of patient-centric care. One of the main factors contributing towards the growth of mobile health is consumerism. Today, consumers are becoming more tech savvy using their mobiles for a variety of stuff, every day. Smartphones and apps for healthcare are changing the way people are living and using apps to participate in healthcare.

mHealth Summit

The e-patient movement is the next big thing in the healthcare industry. Consumers are using multiple devices such as smartphones, tablets, wearable and connected gadgets such as watches, sensors etc. and are seeking new ways to integrate digital health into their day-to-day activities. Mobile sensors are taking more place within the industry. InMedica predicts that the American telehealth market will grow by 600 percent between 2012 and 2017. This would represent an increase from the current 227,000 telehealth patients to reach up to 1.3m patients in 2017. They think this is mostly related to the reimbursement changes in the US. [@HealthITplus]

The 20 Most Insightful Healthcare Technology Infographics of 2012

Year end recap of the 20 most Insightful healthcare technology Infographics of 2012 highlighting the growing utilizations of infographics in healthcare.

2012 saw the rise of the healthcare technology industry utilizing infographic data visualizations to display complex information, improve reader retention (adult ADD is real), and increase engagement. As we close the year of 2012, here is a look back at some of the best healthcare technology infographics created this year.

1. Meaningful Use The Stats 

Greenway Medical Infographic Provides A Visual Overview Of Meaningful Use EHR Incentive Program Payments, Registration, And Attestations.

3 ways remote care benefits doctors, patients

The healthcare continuum has been undergoing a lot of changes recently owing to the advancement in technology. The steady stream of new devices in the healthcare market has also led us to believe that technology will bring all the improvements we’ll ever need in healthcare. The reality is much more complicated than that.

The basic fundamental objective that drives any market is the identification of gaps in the way its services and solutions are delivered and how to fill the gaps. The same is with healthcare. More often, there is a need to figure out the various underlying issues in the delivery of healthcare and figuring out ways to fill those voids.

Kevin Quinn, senior vice president of sales and account management, AMC Health, says, “Technology is a tool that should be used to enhance the experience of both patients and clinicians.” In other words, technology must be used to alleviate the gaps in between patients and their wellbeing process.

Patient comes first in today’s healthcare landscape

Doctors in U.S. are stressing on the importance of putting patient first in today’s healthcare landscape. With healthcare making a shift from simply delivering patient care to a reform minded era, health providers are using telemedicine and mobile health to make those connections and carve out a better and more efficient business.

During a panel of telemedicine industry executives on May 6, 2013 at the American Telemedicine Association’s18^th Annual International Meeting & Trade Show, industry experts stressed on user-friendly design. Their conclusion: Healthcare needs to design new methods of care delivery that appeal to the consumer.

mHealth Growth fueled by Smartphones and Fast Network

According to a new report from Strategy Analytics M2M Strategies service, mobile health (mHealth) application are evolving at a rapid pace, thanks to the smartphone and device penetration and fast mobile networks.

Remote monitoring and healthcare imaging has developed a strong footing in both developed and developing markets. In today’s mobile driven world, mHealth image-based applications range from remote interpretation of blood samples taken in a remote jungle clinic to sending fetal sonograms to the smartphones of friends and relatives.

Innovations and Adoptions in TeleHealth/ mHealth

Today, we hear about various telehealth, telemedicine, and mHealth solutions in the marketplace – many with their own innovative approach to solving healthcare issues.  Yet many of these innovations are struggling to get the traction they hoped for. Many providers of telehealth or mHealth solutions are not getting the adoption or utilization they need to succeed, let alone survive.

This broad applicability actually makes it even more critical to read about these laws.

Why? Because your telehealth and mHealth solutions are not just competing against other similar solutions.

They are competing for awareness and adoption against a whole spectrum of healthcare innovations.

And so, understanding these laws will help you see why your telehealth / mHealth innovation might be losing ground against a completely unrelated healthcare solution.

Statewide telehealth efforts gaining momentum

If recent headlines are any indication, telehealth is becoming more of a priority for several states throughout the nation of late. In Mississippi, for instance, state legislators approved a bill last week that would allow insurance companies to reimburse physicians who consult with rural doctors using telemedicine, The Commercial Appeal reported.