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The potential in mHealth

  • GSMA, Alex Sinclair CTO – “The global potential for connected devices is huge – it’s more than just mobile phones and laptop PCs. It can be anything that has a mobile connection embedded in it such as a camera, a music player, a car, a smart meter or a health monitor…we expect to see up to 50 billion connected devices over the next 15 years, finally making the prospect of a truly connected lifestyle a reality. Reducing the cost of innovative healthcare solutions, lowering carbon emissions and substantially improving energy efficiency are just some of the significant societal benefits connected devices will provide the world over.”
  • TMNG Global – The revenue potential of mHealth for the European markets – $5.8bn by 2014 – presents an attractive opportunity for the mobile sector
  • GSMA, mHealth Report 2010 – Remote health monitoring (RHM) devices that track and report patients’ conditions have the potential to reduce the growing cost burden of chronic diseases at the system level by up to USD 200bn in OECD & BRIC countries.
  • CSMG – across Western and Eastern Europe, the mobile health market is currently worth $1.9bn. However this still accounts for less than 1% of the European expenditure on healthcare. This is forecast to grow at a compound annual growth rate of 25% to reach $5.8B in 2014
  • GSMA – The use of smart meters that can transmit detailed, real-time information back to a utility company and to a home or business can typically reduce energy consumption by 3.5% to 7%2. A new breed of mobile applications will allow users to remotely adjust heating and lighting to improve energy efficiency and reduce consumption.
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About Margaret Gold

Margaret is an innovation and business launch specialist in the mobile industry, one of the organisers of Over the Air (the annual mobile developer hack-a-thon event), and the founder of The Mobile Collective.

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