The global market for home health remote monitoring of welfare diseases was valued in 2010 at some €7.6 billion ($10 billion) and is growing about 9 percent annually. The diabetes monitoring segment is by far the largest segment, worth about €6.3 billion ($8.2 billion). According to a report published by research firm Berg Insight.
The analyst firm said that the most common chronic diseases that are monitored today include 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 said that more than 200 million people in the European Union (EU) and the United States (US) suffer from one or several chronic diseases where home monitoring can become a treatment option.
At the end of 2010, an estimated 1 million patients used a home monitoring service based on equipment with integrated connectivity. The figure does not include patients that use monitoring devices connected to a PC or mobile phone; it only includes systems that rely on monitors with integrated connectivity or systems that use monitoring hubs with integrated cellular or fixed-line modems.
“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 practice in the healthcare sector,” said André Malm, Senior Analyst at Berg Insight. "Consumer-oriented health and wellness monitoring will drive the mHealth segment in the near term."
The report estimated that a growing number of wellness and medical monitors will be connected to mobile devices via Bluetooth and other short-range technologies. And that in the future smartphones are likely to be the primary monitoring device for many patients.
"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," Malm said.
The analyst firm said that the most common chronic diseases that are monitored today include 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 said that more than 200 million people in the European Union (EU) and the United States (US) suffer from one or several chronic diseases where home monitoring can become a treatment option.
At the end of 2010, an estimated 1 million patients used a home monitoring service based on equipment with integrated connectivity. The figure does not include patients that use monitoring devices connected to a PC or mobile phone; it only includes systems that rely on monitors with integrated connectivity or systems that use monitoring hubs with integrated cellular or fixed-line modems.
“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 practice in the healthcare sector,” said André Malm, Senior Analyst at Berg Insight. "Consumer-oriented health and wellness monitoring will drive the mHealth segment in the near term."
The report estimated that a growing number of wellness and medical monitors will be connected to mobile devices via Bluetooth and other short-range technologies. And that in the future smartphones are likely to be the primary monitoring device for many patients.
"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," Malm said.
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