“mHealth is well positioned to address the needs and evolution of the US health care delivery because it provides cost-efficient care delivery and increases access to quality healthcare. The proliferation of embedded wireless connected devices and Smartphone growth creates significant transformational opportunities to deliver cost effective and viable mobile health care options. However, broader reform of the health care industry structure is needed to reach the full potential for integrating mHealth into the U.S. healthcare delivery system”. Rich Nespola, Chairman & CEO of TMNG Global.
The report predicts the mHealth market will:
> be an $4.6 billion opportunity by 2014
> grow over the next five years at a 25% CAGR (compound annual growth rate)
> help create in savings in health care costs of $700 billion over 15-25 years
> need to gain reimbursement from payers as clinical solutions.
> drive the emergence of affordable mass market consumer-grade health devices and software
> place consumers in the drivers seat when it comes to their health with “unprecedented control and personal-responsibility”
From the press release it seems that the report might be making a common misconception that I hear mHealth newbies falling for with its prediction that “7 key mHealth technology opportunities will comprise the market” and lists these as “monitoring, personal emergency response services (PERS), telemedicine, mobile medical equipment, mobile health information, RFID tracking and health/fitness software”. To my mind much of the potential of mHealth is that it takes us beyond this singular approach through anywhere, anytime interconnectivity or people and things. I can only ever see mHealth becoming pervasive when we have secure mash ups of device, monitoring, software, questionnaire and location data to create a coherent patient focused solution.
For the full report visit CSMG-Global.com (I’ve made an online request and will be sure to update this post once I’ve reviewed it properly!)