Medical wearables and mobile health apps are hot in the press, as these technologies promise to be a fast growing market given the ability to bring huge advantages to patients of being better informed, and to get better treatments. Numbers seem to confirm that there is not just a buzz behind this topic, but a real trend around mobile health technology evolving – if players get data security concerns resolved, as you can see in the infographic “Healthcare on the move: Changing outcomes and lives”.
These numbers are the result of an investigation by The Economist Intelligence Unit where 144 leaders in healthcare organizations and manufacturers of pharmaceuticals, biotech, and medical devices in 23 countries were interviewed. It also states that a majority of 65% of all private companies in the survey responded that they expect mobile solutions to help patients to benefit from better health outcomes through better medical information, and 62% of all private companies think that an increase about personal data will help patients and doctors improve decision-making about therapies and health.
Overall, the future looks bright for mobile health apps and most probably also wearables. For today, we are still at the starting point of a whole new market to evolve. First steps have been done already, for example by Roche Diabetes Care. SAP and Roche created a mobile app based on the SAP HANA Cloud Platform to help physicians and patients collaborate better, sharing data online and gaining a constant view of health parameters, which enables both to intervene before the disease worsens.
To find out further which trends, opportunities and challenges healthcare organizations and life sciences companies are considering as key, please read the full Economist report “Power to the patient: How mobile technology is transforming healthcare”.