Home Health Monitoring Revenues Grew to € 7.6 billionDecember 22, 2010
According to Berg Insight, the global market for home health monitoring grew to approximately €7.6 billion in 2010, driven mostly by chronic diseases such as diabetes, asthma, and cardiac arrhythmia.
GOTHENBURG, Sweden -- According to a new research report from the analyst firm Berg Insight, the global market for home health monitoring of welfare diseases was worth approximately €7.6 billion in 2010. Some of the most common conditions being monitored today are chronic diseases including diabetes, cardiac arrhythmia, sleep apnea, asthma and chronic obstructive pulmonary disease (COPD). These conditions cause substantial costs and reduce both life expectancy and quality of life. Berg Insight estimates that more than 200 million people in the EU and the US suffer from one or several chronic diseases where home monitoring can become a treatment option.
mHealth is a term for healthcare practice supported by electronic processes and communication using mobile phones or cellular network technologies. It is a very broad term that principally involves every kind of mobile health related communication, application or data service. The report covers home health monitoring involving patient self-testing using medical devices and remote transmission of the medical data to healthcare providers for disease management. "Progress is being made in the adoption of wireless technology among manufacturers of medical monitoring equipment, but there is still a long way to go before remote monitoring becomes a standard practise in the healthcare sector", says André Malm, Senior Analyst, Berg Insight. He adds that consumer-oriented health and wellness monitoring will drive the mHealth segment in the near term. A growing number of wellness and medical monitors can be connected to a mobile phone via Bluetooth or other short-range technologies. More and more health and wellness apps are also being released for smartphones, ranging from BMI calculators, diet guides and sport trackers to medical reference apps. "The number of apps focusing on chronic disease management is however still relatively low", commented Mr Malm.
About Berg Insight
Berg Insight offers premier business intelligence to the telecom industry. We produce concise reports providing key facts and strategic insights about pivotal developments in our focus areas. Our vision is to be the most valuable source of intelligence for our customers.
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