Global m-health market forecast to attain revenues of US$1.5 trillion by 2019

Press Release   •   Dec 20, 2013 17:06 GMT

The global m-health market is forecast to report exceptional growth during the period 2012 to 2019 to be valued at US$1.5 trillion by 2019. In 2012, the Global m-health market was valued at US$1.4 billion. The global telemedicine push-to-talk dedicated devices market is also forecast to report strong growth and is valued at US$214 million in 2012. By 2019, the global PTT dedicated devices market is forecast to attain revenues of US$4.4 billion.

The increased penetration of smart phones and tablet devices is expected to be leveraged by the m-health application which is one of the main drivers for the rapid increase in forecast market value globally. m-health markets are forecast to leverage the 8.5 billion smart phones and 5 billion connected tablet devices globally.

Telemedicine is the use of electronic communications and information technologies to provide clinical services when participants are at different locations. Closely associated with telemedicine is the term telehealth. This term is often used to encompass a broader application of technologies to distance education, consumer outreach, and other applications wherein electronic communications and information technologies are used to support healthcare services.

There are a number of different types of telemedicine services namely: Specialist referral services; Direct patient care; Remote patient monitoring using devices to remotely collect data; Medical education and mentoring and Consumer medical and health information. Across all the different types for telemedicine services there are a number of key delivery mechanisms such as: Networked programmes; Point-to-point connections using private networks; Health provider to home connections; Direct patient to monitoring centre links and Web-based e-health patient service sites.

There is an increased focus by healthcare professionals to monitor patient health on a more continuous basis and m-health and telemedicine is core to this in addressing mobile health initiatives for chronic conditions.

Healthy lifestyle choices can increase the length of DNA sequences found at the end of a person's chromosomes. This shift toward wellness has stimulated the need for better communication between clinicians and patients. New sensor technology creates the opportunity for monitoring and for alerts to be send to and from at risk people who are exercising.

Existing telemedicine systems are forecast to merge with smart phone systems, driving growth in PTT telemedicine markets. These market developments will provide a way to improve clinical care delivery to patients with chronic disease, reducing hospitalisations and visits to emergency rooms. As telemedicine and m-health merges, patients will become more responsible for their own care delivery and their own health.

As telemedicine increasingly uses smart phones for delivery, the use of proprietary devices is becoming obsolete. The market leader in push to talk phones for telemedicine is Kyocera whilst the strategic alliance between Honeywell and Samsung enables both companies to offer solutions through generic smart phones.

For more information on the global telemedicine and m-health market, see the latest research: Telemedicine and M-health Market

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