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Vital Signs - M2M and mHealth Solutions Revolutionizing Healthcare

  • April 2014
  • 4 pages
  • Frost & Sullivan
Report ID: 2079089

Summary

Table of Contents

Healthcare systems across the globe are facing rising operation costs, shortage of skilled labor and budgetary restraints, which has resulted in reduction in efficiency and quality of care. An increasing aging population, need for chronic disease management and providing access to healthcare for the geographically fragmented population demands the use of information technology (IT) to alleviate the pressures on the healthcare system. With global market penetration of mobile phones reaching 96% and about 40% of the global population having access to the Internet, M2M communications for healthcare and mHealth have the potential to revolutionize the physician-to-patient interaction in the healthcare environment.


M2M and mHealth Solutions Revolutionizing Healthcare

Healthcare systems across the globe are facing rising operation costs, shortage of skilled labor
and budgetary restraints, which has resulted in reduction in efficiency and quality of care.
An increasing aging population, need for chronic disease management and providing access
to healthcare for the geographically fragmented population demands the use of information
technology (IT) to alleviate the pressures on the healthcare system. With global market
penetration of mobile phones reaching 96% and about 40% of the global population having
access to the Internet, M2M communications for healthcare and mHealth have the potential to
revolutionize the physician-to-patient interaction in the healthcare environment. Furthermore,
an emergence of cloud technology in patient data gathering, storage and sharing has made
healthcare decision-making easier as physicians have access to relevant information.

The advent of the patient-centric model of care delivery, high penetration of mobile devices and
the Internet, and an increase in the use of patient data collected from a multitude of healthcare
information solutions for clinical decision-making have fuelled the growth of M2M and mHealth
solutions. Development of supporting technology, such as cloud and interoperability of the
various healthcare solutions, has also driven this market. However, ambiguity regarding the
regulatory guidelines for interoperability and patient data-sharing standards are in a nascent
stage that has restricted the potential of M2M and mobile applications for healthcare. Data
security and privacy concerns are also a major factor restraining the growth of this high-potential segment.

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