WirelessMD is an advocate for m-Health and the Mobile and Wireless Healthcare initiative.
Mobile healthcare was a $1.5 billion industry in the U.S. last year, but the market is expected to triple in five years, reaching $4.6 billion by 2014, according to a new report from CSMG, the strategy division of consulting firm TMNG Global.
The market for home-based wireless healthcare products and services isn’t just going to grow, it’s going to explode over the next four years. Parks Associates, a Dallas-based research company, forecasts U.S. sales of wireless home-health technology to soar to $4.4 billion in 2013 from just $304 million this year, in part due to the federal stimulus money for health IT. Parks estimates the market to grow by 96 percent next year, 126 percent when the stimulus takes effect in 2011, and by 95 percent in 2012, before cooling to a 68 percent growth rate in 2013. WirelessMD will be reporting on these and additional topics daily.
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