Ten predictions for the mobile health market

By Chris Gullo

AingealBy 2014: $950M wireless health market

Wireless devices that monitor patients’ conditions and report the data to healthcare providers will show a 77 percent compound annual growth rate (CAGR) that will create global revenues of $950 million by 2014, according to a 2009 report from ABI Research.

ABI Research vice president Stan Schatt said in a press statement that the costs of adding wireless technology to medical equipment as a “significant hurdle” for the industry. Interestingly, ABI’s press release notes that “while wireless healthcare is a global market, the cost of the equipment means that much of the activity in this segment so far is in the United States.”