By Megan Williams, contributing writer
mHealth is seeing an emerging leader in the form of home health technologies. This includes:
As use trends upward (largely due to the ubiquity of broadband networking and smartphones), so will the need for devices and applications that make up the backbone of support.
Released by market intelligence firm Tractica, the reports claims that the number of users across the globe using home health technologies will grow from $14.4 million in 2014 to $78.5 million by 2020.
Tractica expects that the largest application market during that time will be medical diagnosis, monitoring, and treatment and that a new variety of connected devices and software applications will emerge. The health and wellness segment is also included in this trend.
Principal analyst Charul Vyas adds more insight: “Key factors driving interest in home healthcare technologies include rising healthcare costs, aging populations, and a rise in the number of people living with chronic diseases. However, significant challenges remain for the industry to solve, including regulatory issues, data security and privacy, and technology interoperability and integration issues.”
Market forecasts are segmented by world regions (20 in total) and product categories including remote consultation, medical monitoring and management, eldercare, and health and wellness.
The report (geared toward medical and health device manufacturers, mobile and wearable manufacturers, providers, payors, government agencies, and investors) addresses subjects including:
The report is available here via paid download.