Details of Growth
According to the report, revenue in the industry will mainly come from mobile health hardware sales and services.
In addition, the report predicts that an estimated 50% of mobile device users will download a mobile health application within the next five years.
The report outlines three phases of mobile health technology development:
- Initial trial;
- Commercialization; and
According to the report, the commercialization phase currently is underway and includes:
- Mass development of mobile health tools;
- New business models; and
- A focus on private companies, consumers and patients.
The report states, “In this phase, [mobile health] applications will become an integrated part of doctors’ treatment plans.”
However, observers say that mobile health integration could be delayed if FDA mobile health regulations are postponed (McCann, Healthcare IT News, 7/24).