MARKET SIZE
The World Health Organization (WHO) estimates that the overall worldwide healthcare market totals U.S. $6 trillion. Still in its embryonic state, the market potential for mobile patient healthcare support is enormous.
2011 was the first year of substantial business in the market of mobile health services delivered via smart phone applications, according to research2guidance (January 2012). The firm says the main drivers for this growth have been the increase in the smart phone user base on the demand side, and the doubling of the number of mHealth applications on the supply side. It believes that the smart phone application based mHealth market increased by a factor of seven to reach $US 718 million in 2011.
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. The 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.
Press Release
Professor of Global Health Joins Growing Biosensor Technology Company CAMPBELL, Calif., October 8, 2012 — Vital Connect, Inc. (VCI), a growing biosensor technology company, today announced that world-renown global health professional Sir Richard Feachem has joined its board of directors. Professor Sir Richard Feachem is... READ MORE >>
Leading Cardiologist to Advise Growing Biosensor Technology Company Campbell, Calif., October 15, 2012 — Vital Connect, Inc. (VCI), a growing biosensor technology company, today announced that prominent cardiologist Neal White, MD, FACC, has joined its Medical Advisory Board. Dr. Neal White is the heart failure medical director... READ MORE >>