The North American market for remote health monitoring technology is poised to grow from $126.8 million in 2010 to $294.9 million in 2015, according to a report by Frost & Sullivan, Becker's Hospital Review reports.
The report predicts that the growth in the remote health monitoring market will be driven by more widespread use of telemedicine services and consumer-driven health care technologies (Rodak, Becker's Hospital Review, 1/5).
However, the report notes that scalability challenges have hindered greater growth in the remote health monitoring market (Frost & Sullivan release, 1/5).
Berg Insight Report
In related news, Swedish research firm Berg Insight recently released a report finding that about 2.2 million people worldwide were using remote health monitoring devices by the end of 2011, (Terry, InformationWeek, 1/5).
The Berg Insight report also found that the number of home health monitoring devices with embedded cellular connectivity increased from 420,000 in 2010 to 570,000 in 2011. The report predicts that the number of such devices will reach 2.47 million by 2016 (Dolan, MobiHealthNews, 1/2).