A study analysing survey data taken at the 2013 American Telemedicine Association conference has been published this month by the market research company Frost & Sullivan. Pulse of Telehealth 2013 presents drivers and restraints, 5 and 10 year areas of opportunity, environmental points (e.g., gamification), accountable care organisations (ACOs), and predictions.
The surveyed markets include home and disease management monitoring, personal emergency response systems (PERS), video diagnostic consultation, remote doctor/specialist services, tele-imaging, activity monitoring, wellness programs, remote cardiac ECG, and tele-mental health.
The report is available for purchase at the Frost and Sullivan website (link above).
A sunny day for approaching Fall (Autumn to our loyal UK readers) and a bon weekend at least in this part of the world, and this Editor has to spoil it by waxing downbeat about an up forecast–way up. This week it is Juniper Research’s Mobile Health and Fitness report straight from Hampshire, UK with the big numbers–98 million by that magic year 2018–but that’s users, not revenue. They also forecast beaucoup cumulative savings of $35 billion over the next five years from remote patient monitoring. Want to know the size of the market versus the research2guidance and MarketsandMarkets forecasts? You’ll just have to scramble in your wallet for £2500 to get the scoop. Healthcare Technology Online, Juniper release, Juniper report overview and pricing. Previously in TTA: The ‘ginormous’ hype around forecasts and our very first ‘Blue Blazes’ feature (by Editor Charles).
[grow_thumb image=”http://telecareaware.com/wp-content/uploads/2013/08/blue-blazes.jpg” thumb_width=”150″ /]Our readers may have noticed that your Editors of late have skipped the relentless tracking of eHealth/mHealth/digital health/wearables forecasts, save Editor Charles nominating research2guidance’s
latest for ‘What in the Blue Blazes’
. Yet r2g’s $26 billion by 2017 forecast for the category was but a lagniappe* compared to MarketsandMarkets
‘ puffy $59.7 billion by 2018. Laurie Orlov
has artfully skewered the relentless forecasting (she is a recovering veteran of Forrester Research) with the sobering comparison of the current D3H**
-fed bubble to the fluffy eCommerce forecasts circa 2000. And we all know how that
ended. Do not miss her tale of “mythical John and the XLife Preserver” and how it attracts a VC named Head, Clouds, Smoke and Vapor (HCS & V), located down the hill from a Napa winery. (Presumably the product flows downhill?) The Wireless Health market is ginormous — so forecasters say (Aging In Place Technology Watch)
Another factoid from the M&M report: Mobile apps alone by 2018 will be valued at $20.7 billion from $6.3 billion now. Yet 90 percent are currently free and the rest are $1-2, except for medical apps targeted to professionals. The Gimlet Eye is still trying to compute this one in Monopoly® money, and is requesting a large bottle of Panadol (Tylenol). Drug Store News
* Lagniappe: something given or obtained gratuitously or by way of good measure (Merriam-Webster)–American French by way of New Orleans **D3H=Digital Health Hypester Horde