The market for technologies that bring healthcare to patients instead of the other way around—mobile healthcare and telehealth—has been growing steadily. And many predict it will take an even bigger jump in the next few years.
That growth will be driven by a number of factors, including government initiatives and a trend toward collaboration between healthcare organizations and vendors.
The global mobile healthcare application market was $1.7 billion last year and it’s expected to reach $4.1 billion by 2014. And the global telemedicine market is expected to reach $19.5 billion by 2014, according to two separate reports released by Infiniti Research, a global market research firm based in London.
Some of the factors leading to the growth in these markets, according to Infiniti’s research arm, Technavio are:
You know what they say about necessity being the mother of invention—there is a real need in developing countries and in rural areas here in the U.S. for better access to healthcare, and both mobile health and telehealth offer that access.
Some argue that there’s not much evidence that remote healthcare is significantly better than in-person care. But others contend that it is just as good if not better and that, in fact, remote health has an edge for its ability to ease physician and specialist shortages and save money. (Whether payers buy that argument is another story.