The mobile health market is set to generate revenues of nearly $21.5 billion in 2018, according to new data from BCC Research.
The projection implies revenues will grow at a compound annual rate of 54.9% between now and the end of the forecast period.
The market-research company says Europe will be the fastest-growing market, with revenues increasing at a compound annual rate of 61.6% between now and 2018.
Mobile health specialist Valencell has teamed up with software player 3Pillar Global to develop what they say will be a new consumer-facing application that helps customers make sense of biometric information generated by Valencell’s PerformTek sensor technology.
CardioComm Solutions says it is due to launch out a Windows 7-compatible version of its GEMSTM remote patient monitoring technology.
The update will become available in June, according to a statement from CardioComm (Victoria, Canada), and is being carried out in anticipation that Microsoft (Seattle, WA, USA) will stop providing support for Windows XP in April.
GEMSTM is a remote-monitoring service for patients with heart conditions, and used by healthcare providers globally.
Welltok has acquired mobile health app developer Mindbloom in a move aimed at expanding its capabilities in the fast-developing telehealth sector.
The terms of the transaction were not disclosed by Welltok (Denver, CO, USA), which describes itself as a “pioneer in health optimization”.
The company did, however, indicate that it plans bolster its own CafeWell Health Optimization Platform through the Mindbloom (Seattle, WA, USA) takeover, providing customers with access to a range of health programs, content and applications.
Mobile operator Orange Cameroon is set to launch what it describes as a “preventive medical service” in collaboration with the country’s Ministry for Health.
The operator – a subsidiary of France’s telecoms incumbent Orange (Paris) – says the My Healthline service has been developed by its Orange Healthcare division and will provide remote medical advice in real time.
It is due to be released in April, and the operator plans to expand it to other sub-Saharan markets in Africa in future.
Healthcare IT player IMS Health is expecting to price its initial public offering at between $18 and $21 a share, which would value the company at $6.97 billion, according to a report from Reuters.
The company, backed by TPG Capital Management (Fort Worth, TX, USA), is hoping to raise as much as $1.36 billion from the sale of 65 million shares.
According to Reuters, IMS (Parsippany-Troy Hills, NJ, USA), will sell some 52 million shares during the offering, with the remainder being put up for sale by shareholders.
Fitness bands and mobile health gadgets were rated as two of the three most popular types of wearable device in a recent survey conducted by Nielsen.
Some 61% of respondents chose fitness bands when asked about their wearable-device preferences, with 17% picking mobile health devices.
Meanwhile, 45% of respondents opted for smart watches.
Most fitness band owners (57%) said the ability to self-monitor was a major factor in their decision to purchase the technology, along with concern about their health.
A group of telehealth and scientific experts has come together to form a new telehealth company calling itself the TeleHealth International Partnership (TIP).
The TIP (Atlanta, GA, USA) says its mission will be to deliver worldwide access to healthcare through the innovative use of technology, including telemedicine and health information exchange.
Voice-controlled smartwatches that track heart rates and connect to phones and tablets will debut later this year as Google Inc partners with electronics, technology and fashion companies to take consumers to the next promised frontier in computing.
Google (Mountain View, CA, USA) on Tuesday unveiled plans to help develop the watches and other wearable computers based on its Android mobile operating system, which already runs more than three out of four smartphones sold worldwide.
Apple appears to be planning an assault on the fast-growing market for health and fitness tracking, with reports that it is readying an application called Healthbook for launch with iOS 8, the next version of its mobile operating system.
The introduction of Healthbook by Apple (Cupertino, CA, USA) could shake up the entire market for remote health monitoring and deal a blow to smaller companies that have been targeting this opportunity.