A recent report from Technavio predicts that the global mobile health applications market will grow at a compound annual growth rate of 24 percent between 2010 and 2014. The research firm believes that one of the “key factors” that will contribute to this growth is the growth of remote patient monitoring. The firm cautioned that “poor FDA regulations could hinder the growth” in mobile health applications.
The report is listed as being release in mid-August, weeks after the FDA issued its draft document for how it believes medical device regulations apply to mobile medical applications.
In May Technavio released another report that focused on the global remote patient monitoring market, which it predicted will swell to $9.3 billion by 2014. Technavio’s analysis focused on the US, EMEA and APAC and concluded that remote patient monitoring is driving growth in the wider patient monitoring market. The price of these systems is cost prohibitive, however, according to the research firm.
For more on Technavio’s latest mobile health report, read on here.