Mobile Helath Monitoring Expected to Save Billions
Juniper Research reports remote patient monitoring using cellular networks will save healthcare systems $5.83 billion globally by 2014 - mainly in developed countries.
Hampshire, UK -- According to Juniper Research's Mobile Health Opportunities Report, public and private healthcare providers will be able to save between $1.96 billion and $5.83 billion in healthcare costs through the use of remote patient monitoring using cellular networks by the year 2014.
The US and Canadian markets will generate the most cost savings, due to the inherent structure of their health systems, high healthcare costs, and more advanced remote monitoring roll outs: "The cost of a hospital bed, used as a proxy for cost, is much higher in the North American region, partly due to the role of health insurance in the US healthcare sector," says Anthony Cox, Senior Analyst at Juniper Research and author of the report. "This has a direct impact on how much cost remote monitoring can save," he says.
Under both a 'base case' and an 'optimistic' scenario, Mobile monitoring will save healthcare systems vast amounts of money in developed countries, finds the report, though the cost of mobile monitoring means that its deployment is questionable in developing regions.
Further findings from the mobile healthcare report include:
* Establishing the correct route to market for those selling mHealth services will be key to their success
* In the past eighteen months there has been a renewed interest in mHealth from operators globally
* The market for health and fitness mobile applications will thrive, eventually spawning a new market for advanced apps which integrate sensors worn on the body
Latest News Posts
- AMD's next-gen 'Horned Owl' APU arrives in 2017
- Xbox wants to be the best place for devs to make money
- Amazon Prime now required for new Twitch subscriptions
- NVIDIA shows how awesome Gears of War 4 looks in DX12
- Ubisoft says Nintendo will be 'back in the race' with NX
- Forza Horizon 3 Xbox One Review
- Acer Chromebook R11 Review
- ASRock Z87 EXTREME4 won't restart - debug code 4F
- ASUS X99-Deluxe II Motherboard Review
- U.2 Kit on Taichi
- Antec and Razer team up to co-brand a new Mini-ITX gaming chassis
- Samsung Electronics accelerates the NVMe era for consumers with its highest performing 960 PRO and EVO Solid State Drives
- Lighting is in the Aer: NZXT launches Aer RGB, premium LED PWM fans
- Syber Gaming delivers VR and 4K-ready 'C Series' small form factor gaming PC
- HyperX Gears of War gaming headset shipping now