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.

https://i2.wp.com/www.bizreport.com/images/shutterstock/2013/09/mhealth_134523692-thumb-380xauto-2362.jpgDue 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] Continue reading

mHealth needs to focus on consumers

A panel of telemedicine industry executives took on the topic of user-friendly design Monday afternoon at the American Telemedicine Association’s18th Annual International Meeting & Trade Show. Their conclusion: Healthcare needs to design new methods of care delivery that appeal to the consumer.

“I think there’s such an opportunity with consumers and what their demands are,” said Steve Cashman, founder of HealthSpot, which is designing and marketing the HealthSpot Station kiosk. “The majority of (doctors) want to be more effective in what they do for a living,” and they’ll only be effective if they meet their patients’ needs. Continue reading

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.

https://i1.wp.com/www.mtshealthcare.net/wp-content/uploads/2012/05/PatientCare1.jpgDuring a panel of telemedicine industry executives on May 6, 2013 at the American Telemedicine Association’s18th 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. Continue reading

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. Continue reading

New Telemedicine Stats Bode Well for EMRs

With the recent projection that telemedicine will reach 1.8 million patients worldwide by 2017, I think it’s fitting to continue the discussion I started last week pertaining to the current ROI of EMRs. While current utilization based on scrambling to meet Meaningful Use for federal incentives may not be all it’s cracked up to be, I do believe EMRs will ultimately provide a fiscally sensible return on investment, especially if telemedicine technology becomes part of any given vendor’s standard EMR package/offering. Continue reading