Wireless EHR Market Set To Explode
By Katie Wike, contributing writer
Research finds 2013 global wireless EHR market was $11.2 billion in 2013, number expected to more than double by 2018
The global market for wireless EHR technologies will reach $23.5 billion by 2018, according to BCC Research. The same market “was valued at nearly $9.6 billion in 2012 and is expected to increase to $11.2 billion in 2013,” according to a press release announcing the research. “BCC Research projects the market to ... register a five-year compound annual growth rate of 16.1% from 2013 to 2018.”
The study, Wireless Electronic Health Records: Technologies and Global Markets, also notes, “Wireless EHR-compatible devices not only streamline data and data storage options but also provide critical analytical data inside and outside the traditional hospital setting. Such information is extremely useful in understanding a patient’s state of health, providing alerts, encouraging adherence to medication/consulting (routine), etc. Wireless EHR devices provide freedom from a laboratory setting for monitoring purpose and also keep physicians well connected.
“Increasing R&D spending and technological advances, particularly in the area of mobile technologies, as well as intense interest from governmental and global public health institutions and hospital systems will drive tremendous growth in this market for foreseeable future.”
MobiHealthNews writes, “The research firm is tracking both mobile-connected EHRs and EHRs that connect with wireless health devices, including blood glucose meters, BP monitors, pulse oximetry, capnography, stress monitoring, pediatric growth trackers, coagulation monitors, and peak flow meters. The report looks at wireless protocols including 3G, RFID, and Zigbee.”
The report summarizes, “Electronic health records have been in use to some limited degree since the early 1960s. Today, the industry is gaining widespread interest from local and national governments worldwide. While government programs are aimed at driving EHR implementations across the globe, these efforts are also motivating advancements in related areas such as medical device connectivity. Indeed, recent focus on meaningful EHR adoption across hospitals and a parallel growth with respect to mobile technologies have resulted in the evolution of the wireless EHR market. The EHR market aims to provide meaningful and supportive data to make enhanced decisions. With wireless EHR, enhanced accessibility of the data anywhere and anytime is easier.”
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