Juniper Research’s latest report on the mHealth market forecasts cumulative cost savings from remote patient monitoring of up to $36 billion globally over the next five years – under Juniper’s most optimistic forecast scenario. This is a significant opportunity, as healthcare in the developed world moves towards the concept of “accountable care”, where funding is linked directly to the health of the patient or individual rather than being based upon the cost of treatment. Even though remote patient monitoring, particularly for chronic diseases, is still at a very early stage in the development cycle, it fits well with new healthcare practices and the goal of keeping patients out of hospital, finds the report.
Meanwhile the combination of the smartphone, mHealth attachments and companion apps is creating an entirely new route for providing mHealth services. Smartphone-based mHealth is expected to grow more rapidly than mHealth services delivered through bespoke devices, finds the report. Report author Anthony Cox also had this to say:
“mHealth hardware linking directly to a companion app on the smartphone has become an exciting new area of mHealth,”
Further findings from the report include:
- Western Europe will be the most promising new market for cardiac outpatient monitoring after the US as partnerships emerge for its provision in the region
- Demonstrating cost-savings to those funding the healthcare sector is likely to be the most effective way of advancing mHealth
Juniper Research forecasts robust growth in the adjacent mobile-fitness industry, driven by a motivated user-base and coherent product offering from several players. Thus if you’re in the healthcare arena or you want to see where healthcare is going, this report is worth a read.
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This entry was posted on July 18, 2013 at 7:35 am and is filed under Commentary with tags Juniper. You can follow any responses to this entry through the RSS 2.0 feed.
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mHealth Monitoring Offers $36bn Global Healthcare Cost-savings Opportunity by 2018: Juniper
Juniper Research’s latest report on the mHealth market forecasts cumulative cost savings from remote patient monitoring of up to $36 billion globally over the next five years – under Juniper’s most optimistic forecast scenario. This is a significant opportunity, as healthcare in the developed world moves towards the concept of “accountable care”, where funding is linked directly to the health of the patient or individual rather than being based upon the cost of treatment. Even though remote patient monitoring, particularly for chronic diseases, is still at a very early stage in the development cycle, it fits well with new healthcare practices and the goal of keeping patients out of hospital, finds the report.
Meanwhile the combination of the smartphone, mHealth attachments and companion apps is creating an entirely new route for providing mHealth services. Smartphone-based mHealth is expected to grow more rapidly than mHealth services delivered through bespoke devices, finds the report. Report author Anthony Cox also had this to say:
“mHealth hardware linking directly to a companion app on the smartphone has become an exciting new area of mHealth,”
Further findings from the report include:
Juniper Research forecasts robust growth in the adjacent mobile-fitness industry, driven by a motivated user-base and coherent product offering from several players. Thus if you’re in the healthcare arena or you want to see where healthcare is going, this report is worth a read.
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This entry was posted on July 18, 2013 at 7:35 am and is filed under Commentary with tags Juniper. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.