Mobile health revenue expected to reach $9B by end-2014 – study

3 Feb 2014

Research firm Signals and Systems Telecom forecasts that the market for mobile health will reach nearly $9 billion this year, and will grow at a CAGR of nearly 40 per cent over the next six years.

Among the opportunities highlighted by the study are the use of 4G networks for remote doctor-patient consultation. Operators can also offer their networks for other latency and bandwidth-sensitive applications. The study gives an example of London’s Air Ambulance which uses EE’s LTE network for navigational support.

Enterprise applications might prove popular in the pharma industry, ranging from R&D to securing supply chains and supporting campaigns against counterfeit drugs.

Mobile health also promises cost savings. The study has put a very substantial figure on what is possible. It forecasts $250 billion in savings globally in annual healthcare costs by the end of 2014.

However there are barriers to take-up including regulation, patient acceptance and privacy concerns that need to be overcome, it said.


Richard Handford

Richard is the editor of Mobile World Live’s health and money channels. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade...More

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