Technavio Report Sheds Light on the Growing Importance on the Concept of Virtual Nurses Accelerating Connected Health M2M Market in the US

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  • Connected Health M2M Market in the US 2014-2018 is expected to grow at a CAGR of 34.34 percent during the forecast period of 2013-2018.

London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Connected Health M2M Market in the US 2014-2018.   A key trend in the market is the concept of virtual nurses, which are essentially a group of relational agents that act as a stand-in for front-line staff in hospitals. These nurses can guide patients on what medicines to take at what times and other precautions pertaining to their ailment.

Connected Health M2M is a remote healthcare service delivery model that functions in the IT ecosystem. It enables accessing and sharing of healthcare information and analysis of healthcare data. It provides the management of clinical data, and communication and collaboration among all the stakeholders of the healthcare service ecosystem. Some of the major functions of connected health M2M services are home monitoring, clinical monitoring, telemedicine, first-responder connectivity, connected medical environment, clinical remote monitoring, assisted living and clinical trials, and healthcare asset management. 

“The focus of healthcare is shifting to consumerism, access, compliance, regulation, effective resource utilization, and mobility to create a holistic healthcare services framework,” says Faisal Ghaus, Vice President of TechNavio Research.

“Therefore, it is critical for the stakeholders to understand the huge benefits that can be derived from investing in new technologies and innovation in the field of connected health M2M products.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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