Thursday, August 11, 2011

Medical Segment May Inspire Today's Inventors

Although this solution is geared toward the public-safety segment, such monitoring technologies are predicted to experience major growth in the home as well. According to Parks Associates, wireless home healthcare will be a $4-billion industry by 2013. The research firm’s report, “Wireless Healthcare: Analysis & Forecasts,” predicts that the US market for wireless home-based healthcare applications and services will grow at a five-year cumulative annual growth rate of over 180 percent. The merging of healthcare and wireless technologies can benefit home care in areas like chronic care management, medicaldiagnostic device monitoring, wellness and fitness applications, medication management, and senior independent-living solutions.

From the article, "Medical Segment May Inspire Today’s Inventors" by Nancy Friedrich

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