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Report: wireless medtech market driven more by consumers thantelehealth - Tracksuits Sportswear by qrt etget





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Report: wireless medtech market driven more by consumers thantelehealth - Tracksuits Sportswear by
Article Posted: 12/05/2012
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Report: wireless medtech market driven more by consumers thantelehealth - Tracksuits Sportswear


 
Business,Business News,Business Opportunities
WELLINGBOROUGH, England – Self-monitoring medical devicesutlized by the consumer, rather than those used in a managedtelehealth setting, will provide the largest market for wirelesshealth technologies, according to IMS Research. An estimated 50million wireless health devices will be distributed for consumermonitoring applications over the next five years, with a fewernumber of devices being used by telehealth patients. IMS Research, a market research group recently acquired by IHS Inc., published its latest report, Wireless Opportunities inHealth and Wellness Monitoring – 2012 Edition, showing thatconsumer-purchased medical devices with technologies like Bluetoothlow energy and ANT+ that self-monitor health will account for morethan 80 percent of all wireless medical devices come 2016. The demand for self-monitoring one"s health is growing muchfaster than that for telehealth implementation.

Even withouthealthcare systems that are adapted for this, consumers want theability to monitor and manage their own health at home. The reportprojects, however, that the number of wireless devices utilized inmanaged telehealth programs will increase from 5 percent in 2011,to 20 percent in 2016 as telehealth deployment grows. [See also: Mobile health app market in growth mode .] "Due to the relatively slow deployment of managed telehealthsystems, which is in part due to a reluctance from health providersto move past trials, issues with reimbursement and stringentregulations related to the use and storage of medical data,"says Lisa Arrowsmith, senior analyst at IMS Research , "medical devices used by the consumer to independentlymonitor their health will provide the biggest uptake of wirelesstechnology in consumer health devices over the next fiveyears." One the main drivers for the inclusion of wireless technology inconsumer health monitoring devices is the ability to monitorone"s health using a separate device such as a smartphone tocollect and view the information. A wealth of applications onseveral platforms are currently available that allow users totransfer readings from a medical device that record such things asblood pressure, blood glucose and heart rate -- which can then bestored and displayed on the device -- or uploaded to a cloud-basedsystem. [See also: Telehealth becomes multi-dimensional .] "The increase in consumer familiarity with mobileapplications as well as an increased awareness of the importance ofmonitoring health levels is driving the market for connected healthdevices," adds Arrowsmith.

"Many consumers alreadyutilize smartphone apps to track their own health and fitnessresults, with devices such as activity monitors and heart-ratemonitors. Now, there is increasing availability of health-relatedperipheral devices such as blood pressure monitors to track andupload information in real time via a wireless or wired connectionto devices such as smartphones and tablets.".

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