A new mobile health or mHealth study says that the market is set to explode, thanks in large part to public and private investors who have helped to move healthcare technology to the next level. The modernization process of the mHealth sector is something that seems to move slower than in consumer electronic fields but GlobalData says their study shows that the technology in the medical field is finally starting to catch up.
According to this newest study, new mHealth technology will be able to revolutionize future healthcare delivery and management. The study also says that this technology will help reduce the burden faced by people who have chronic disorders such as Diabetes, obesity and hypertension. One of the ways this medical technology is starting to really make a difference is when dealing with “connected care delivery.” This means that a patient’s medical files can be accessed quickly and easily and technologies such as Interactive Voice Response (IVR) have allowed doctors to actually spend more time with their patients.
According to GlobalData, while most business sectors suffered big losses, the mobile health sector was actually propelled forward because there was a fresh push in order to make healthcare more efficient and therefore more cost effective. Remote monitoring has emerged as well as a way in which doctors are able to keep clued in to the struggles or positive advancements of their patients. While the health technology field in general is expected to see significant improvements across the board, the recent developments in the mobile sector will give a huge boost to the value of mHealth moving forward.
Currently valued in the neighborhood of $500 million, industry analysts expect the value of mHealth applications to top $8 billion by 2018. That kind of growth will also mean even more investors will be looking at this particular sector over the next decade. This cycle should keep the revolutionary technology continuing to flow with the most obvious benefactors being those who have a chronic illness or disability.
Edited by
Jennifer Russell
