Fueled by healthcare reform aimed at reducing in-patient costs and post-acute care strategies designed to reduce readmissions, the worldwide telehealth (remote patient monitoring) market will grow by 55 percent in 2013 in terms of device and service revenues, according to a recent report from InMedica, the medical technology research division of U.K.-based market research consultancy IMS Research.
Fueled by the proliferation of smartphones with Bluetooth Smart Ready connectivity, such as Apple's iPhone and Samsung's Galaxy III, 2012 marked a watershed year with the shipment of nearly 30 million wearable wireless mHealth devices, an increase of 37 percent over last year's shipments, according to New York-based technology market research firm ABI Research
The global market for wearable technology is expected to triple to $6 billion by 2016--and that's a conservative estimate, says market research firm IMS Research.
As telehealth begins to expand, the global market for home-based medical devices will soar. A new report by InMedica, the medical electronics consulting arm of IMS Research, states that within three