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
- Nintendo shares skyrocket to 8-year high
- Alienware Aurora reach reasonable price for Memorial Day
- GTA Online earns big for Take-Two
- Red Dead Redemption 2 built from scratch for consoles
- Square Enix to embrace games as a service business model
- Gigabyte z170 UD5: Question about Voltage Spikes/Offset
- ASRock AliveXFire-esata2 compatibility with Phenom II X4 980
- m4a88td-m/usb3 & Windows 10
- OWC ThunderBay 4 Mini Thunderbolt 2 Review
- Prey benchmarked: Radeon RX 580 vs. GeForce GTX 1060
- Qualcomm fuels IoT growth by currently delivering more than 1 million chips a day into a wide range of connected applications
- Team Group announces theme for COMPUTEX 2017 showcase: go beyond the limit and reach for the top
- SAPPHIRE announces PULSE Radeon RX 560 graphics card
- ELITEGROUP computer to stand out at Computex for its smart campus deployment, robotic technology, education laptops, tablets, mini PC, and motherboards
- ADATA Shares a Symphony of Technology at Computex 2017