The U.S. market for wireless home-based health care applications will grow from $304 million this year to $4.4 billion in 2013, according to a new report from Parks Associates, a Dallas-based research firm.
That translates to estimated annual growth rates of 96% in 2010, 126% in 2011, 95% in 2012 and 68% in 2013. One factor fueling the increases is the economic stimulus law's health information technology provisions, which will open new opportunities for wireless vendors, according to the report.
Wireless technology, the report notes, can support chronic care management, diagnostic device monitoring, wellness and fitness applications, medication management, and independent living. "Wireless is an important crossover point for the health care sector and high-tech industry," says Harry Wang, director of health and mobile product research at Parks Associates. "Device and service connectivity is the model for future home health care applications, and mobile networks will link a growing number of monitoring products to health care providers."
The 53-page report, "Wireless Healthcare: Analysis and Forecasts," is available for $3,000 at parksassociates.com.
--Joseph Goedert
AUG 6, 2009 12:21pm ET
Assessing Home Health Wireless Growth
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