57% of healthcare and life sciences companies will have adopted M2M technologies by 2016.
The connected M2M market for healthcare represents a significant commercial opportunity in a world where chronic disease is on the rise, and the number of people aged 60 or over is expected to double.
Globally, M2M in healthcare is forecast to generate revenue of USD91 billion from 847 million devices in 2023 —a conservative forecast when compared to a recent Research and Markets report that expects the global mobile health (mHealth) market to reach $538 billion by the end of 2020, based on a CAGR of 32.3% between 2013 and 2020.
In Australia, the healthcare market is expected take off over the next two or three years to become one of the fastest growing verticals in Australia, growing to reach $79 million by 2019. This growth is largely driven by healthcare establishments leveraging M2M for telehealth, which is still in its infancy in the country.
The innovative NetComm Wireless n-Hub is expected to drive advances across all areas of the healthcare sector. The innovative device enables the real-time remote monitoring and control of patient devices and medical equipment ranging from blood glucose monitors and implantable cardiac devices to heavy-bandwidth diagnostics equipment – giving medical practitioners the ability to transform patient outcomes through the collection and observation of the patient's condition from any location.