Research

Growing at a CAGR of 5.56%, the market is driven, the research firm is saying, by the rising healthcare costs, aging population and wide-spread diseases.

The market is comprised of telemedicine devices, fitness and lifestyle, remote diagnostic and monitoring tools, communications platforms and e-patient care.

However, if the current technology-focused approach continues, the market will be less than a third of this, according to analyst firm Beecham Research.

Proper communication solution not only improves provider productivity, but also reduces unnecessary patient readmissions and increases clinical integration.

Consumer-focused devices are now dominating the landscape, but the situation will change in the future with clinical mHealth devices getting the upper hand.

Price will be the deciding factor for many consumers, with 40% of respondents saying they would be willing to pay $99 or more for a smartwatch.

The shift to pay-for-performance structures will have a major impact on the use of connected care solutions in several countries.

Until 2018, the number of patients using connected home medical monitoring devices will grow at a CAGR of 44.4% to 19.1 million.

The study, which involved the iPhone 4S, focused on the safety and effectiveness of automated glycemic management under unrestricted outpatient conditions.

The survey also showed that 76% of people worldwide are keen to be reminded of their medical appointments and 69% would like to receive reminders.