A new report – “mHealth and Home Monitoring – 5th Edition” from Research and Markets indicates that nearly 3 million patients worldwide were using a home monitoring service based on equipment with integrated connectivity at the end of 2012.
The current figure comprises all patients that were using dedicated devices for remote monitoring. Patients using their personal mobile phone, tablet or PC for remote monitoring are not included in this figure.
But by 2017, that figure will balloon exponentially, this week’s report projects.
“The data forecasts that the number of home monitoring systems with integrated communication capabilities will grow at a compound annual growth rate (CAGR) of 26.9 percent between 2011 and 2017 to reach 9.4 million connections worldwide,” the reports reads.
Big growth, however, is nothing new for this emerging industry. In fact, the number of devices with integrated cellular connectivity increased from 0.73 million in 2011 to about 1.03 million in 2012.
Widespread use of remote patient monitoring is “still years away,” the report notes, but we are moving towards an age where mHealth solutions “will become part of standard care pathways.”
Only in the last 12 months have substantial financial incentives finally fallen into place along with new mandates that, together, favorably affect the adoption of mHealth solutions.