Embeddedadvisor
US
APAC
EUROPE
  • Home
  • Insights
  • Whitepaper
  • Conferences
  • Newsletter
  • Subscribe
  • News
  • About us
Go to...
  • Home
  • Insights
  • Whitepaper
  • Conferences
  • Newsletter
  • Subscribe
  • News
  • About us
  • Categories

  • IP Design
  • Telecom
  • Wearables and Sensor
  • Consumer Electronics
  • IoT
  • More
      • Industrial Computing
Go to...
  • Categories

  • IP Design
  • Telecom
  • Wearables/Sensor
  • Consumer Electronics
  • IoT
  • Industrial Computing
×
#

Embedded Advisor Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Embedded Advisor

Subscribe

loading

THANK YOU FOR SUBSCRIBING

  • Home
  • Insights
  • Medical Devices
Editor's Pick(1 - 4 of 8)
left
The Changing Role of CIO in the Biopharmaceutical Industry

Andy Newsom, CIO, CSL Behring

Automation Leading the Change in Healthcare

Rick Schooler, VP & CIO, Orlando Health

Keeping Up with the Latest Medical Trends

Joseph G Seay, Former SVP & CIO, Community Health Systems

Making Healthcare Better Through Mobile Innovation

Bijoy Sagar, Global CIO, Stryker

Innovations that Enhance Public Healthcare

John Kravitz, CIO, Geisinger

Making Digital Health a Primary rather than an Additive Solution

Jennifer Briley Christian, Vice President, Clinical Evidence, IQVIA [NYSE: IQV]

Recent Trend and Development in Pharmaceutical Industry

Richard Hu, Associate Director CMC, Curis, Inc. [NASDAQ: CRIS]

Strong Business- HR Partnerships, Coupled With Technology, Help Drive Talent Agenda

Cindy Carlisle, VP, HR. Commercial Operations, Roche Diagnostics Corporation

right

M2M in Healthcare: High Market Potential, High Human Potential

By Jennifer Kent, Director-Research Quality and Product Development, Parks Associates

Tweet

Jennifer Kent, Director-Research Quality and Product Development, Parks AssociatesJennifer Kent, Director-Research Quality and Product Development, Parks Associates

Healthcare markets worldwide are struggling with unsustainable costs, aging demographics, rising chronic disease rates, and physician shortages. Legacy infrastructure is not up to the task of tackling these challenges. Care providers, government agencies, and insurers are looking to mobile technologies, apps, and services for solutions to some of these problems. Wireless carriers and their partners have responded by increasing resources devoted to the health sector, particularly in their M2M business units.

Parks Associates estimates that the total number of health-related M2M connections will experience aggressive growth from nearly 2 million connections in the U.S. in 2014 to 10 million health connections in 2018. M2M health connectivity revenues will more than double in that timeframe.

M2M Connectivity and Services for Health Devices

For any particular M2M deployment, the choice of network technology is affected by the extent of cellular coverage in the area of deployment, the need for mobility, bandwidth requirements, power consumption, cost, lifecycle of deployed devices, and need for over-the-air (OTA) updates. Cellular deployments are particularly appropriate in situations where it is not feasible to run a fixed line, but where network reliability and availability are paramount.

In the healthcare space, cellular M2M communications are most often used to connect medical equipment and provide connectivity for remote patient monitoring solutions. In the former use case, connectivity enables device users to catch performance issues early and avoid down-time–a potentially big cost saver for expensive medical equipment like MRI machines. Insight into maintenance needs also saves on service costs, since having remote access to device performance data allows service staff to bring the appropriate tools and parts to repair the device in one service visit. For instance, one of the largest medical device OEMs in China, Mindray, connects its testing and diagnostic equipment across China Unicom’s 3G networks. Device connectivity is also used to monitor inventory and environmental data. For instance, a connected refrigerator storing temperature-sensitive chemical reagents can alert laboratory staff if the temperature drifts from a pre-set range; it can also alert staff if reagent supplies are low.

“Growth in the M2M health vertical is not only a win for M2M ecosystem players, but to health systems and patients as well”

Cellular networks also enable care providers to remotely monitor patient health. For instance, CardioNet produces a Mobile Cardiac Outpatient Telemetry (MCOT) device that remotely monitors a patient’s heart to detect arrhythmia; it then transmits collected data to a service center over a GSM network. NovaSom has developed a cellular-enabled Continuous Positive Airway Pressure (CPAP) machine to remotely diagnose sleep apnea. Not only does the cellular connection obviate the need for patients to schedule face-to-face diagnostic reviews with a doctor, it also assures insurers that patients are using the expensive devices as prescribed. Target M2M health clients for MNOs and M2M service integrators include hospital CIOs, durable medical equipment (DME) departments of large health organizations, medical device manufacturers, and leaders of health service organizations ranging from hospital ICUs to assisted-living facilities.

Market Trends

Due to the fragmented, custom nature of the M2M space, coupled with the very low data use of typical M2M deployments, mobile network operators (MNOs) participated in the early development of the M2M market primarily through wholesaling network access to other specialized network providers. As MNOs face declining voice and messaging revenues, however, they are diversifying by building out their M2M businesses. Unlike the consumer market, the M2M space is characterized by low churn rates and a much better ability to attach value-added services that resist commoditization. 

Leading carriers in North America, Europe, and Asia-Pacific have dedicated sales teams to the M2M space, including the health sector. By any measure, the M2M market is achieving strong growth in nearly every market. AT&T, for instance, counts nearly 22 million connected devices on its network as of March 2015; this represents 19.2 percent growth year-over-year. Telefonica counted €146M in M2M revenues for the first nine months of 2014, which represents 44 percent growth year-over-year. Orange Healthcare, the carrier’s digital healthcare division created in 2007, notes that M2M is the fastest growing segment of its business, with 14 percent-15 percent growth annually.

Growth in the M2M health vertical is not only a win for M2M ecosystem players, but to health systems and patients as well. Orange Healthcare, for instance, has published significant drops in mortality rates and hospital re-admission rates among French patients using its remote heart monitoring system. As more wirelessly-connected health monitoring solutions come to market to close the gaps in care, patients and care providers will increasingly see the real benefits of M2M’s technical and market potential.

 

 

tag

Healthcare

inventory

Read Also

Innovations that Enhance Public Healthcare

Innovations that Enhance Public Healthcare

John Kravitz, CIO, Geisinger
Making Digital Health a Primary rather than an Additive Solution

Making Digital Health a Primary rather than an Additive Solution

Jennifer Briley Christian, Vice President, Clinical Evidence, IQVIA [NYSE: IQV]
Recent Trend and Development in Pharmaceutical Industry

Recent Trend and Development in Pharmaceutical Industry

Richard Hu, Associate Director CMC, Curis, Inc. [NASDAQ: CRIS]
Strong Business- HR Partnerships, Coupled With Technology, Help Drive Talent Agenda

Strong Business- HR Partnerships, Coupled With Technology, Help Drive Talent Agenda

Cindy Carlisle, VP, HR. Commercial Operations, Roche Diagnostics Corporation

Weekly Brief

loading
Top 10 Medical Devices Design and Solutions Companies - 2019

Medical Devices Special

Featured Vendors

  • ANSYS [NASDAQ:ANSS]: Modeling Human Body with Simulation Software
    ANSYS [NASDAQ:ANSS]: Modeling Human Body with Simulation Software
  • ADM Tronics Unlimited, Inc. [OTC:ADMT]: Transforming Care with Innovative Medical Technologies
    ADM Tronics Unlimited, Inc. [OTC:ADMT]: Transforming Care with Innovative Medical Technologies
  • DFI-ITOX:  High-Performance Medical Computing Devices
    DFI-ITOX: High-Performance Medical Computing Devices
  • OrthoSensor: Advanced Sensor-Assisted Technology for a Balanced Total Knee Replacement
    OrthoSensor: Advanced Sensor-Assisted Technology for a Balanced Total Knee Replacement

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 Embedded Advisor. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy.
follow on linkedin follow on twitter
This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

medical-devices.embeddedadvisor.com/cxoinsights/m2m-in-healthcare-high-market-potential-high-human-potential-nid-88.html