November 22, 2011Rick ValenciaWhat will it take for the Wireless Health Industry to really take off?
Since taking the helm at Qualcomm Wireless Health just under a year ago, I have had the opportunity to speak with many medical device manufacturers, wireless operators, wireless sensor companies, hospitals and doctors, and the challenge ahead is clear. I’ve also tried out some of the latest mHealth technologies myself, giving me unique insight into why the wireless health industry has not yet exploded.
Despite the clear call-to-action for medical and healthcare device makers to connect their health and wellness solutions to a network - enabling critical health information and medically-relevant data to be instantly, easily and securely recorded, stored, and accessible by people using the devices and their caregivers - we are not seeing the industry take off.
Let’s look at some numbers:
- 300M people in NA and EU have at least 1 chronic disease, and it’s estimated that 25% of patients would benefit from wireless home monitoring solutions, and another 50% of patients would benefit from handset integration of existing medical devices. (CDC, 2011; “mHealth and Home Monitoring”, Berg Insight, 2009.)
- By 2020, at least 160 milion Americans will be monitored and treated remotely for at least one chronic condition. (Johns Hopkins University – Chronic Conditions, 2004.)
- A single connected medical device (CMD) saves 4-36 minutes of caregiver time daily while preventing up to 24 data errors per day. (“Quantifying the Business Value of Medical Device Connectivity”, Black Box SME, 2011)
- It is projected that by the year 2014 public and private healthcare providers could save between $1.96 billion and $5.83 billion in healthcare costs worldwide by utilizing mHealth technologies for health monitoring. (“Mobile Healthcare Opportunities, Monitoring Applications & mHealth Strategies 2010-2014. Juniper Research. April, 2010)
The Patients and Physicians win. Costs go down. Overall health improves. Based on these numbers, one would think large medical device manufacturers would be chomping at the bit to integrate wireless technologies into their solutions, especially those used to manage chronic disease. Yet we have not yet seen this happen in a widespread way, which begs the question, “Why not?”
Device makers are trying, but hurdles are great:
- Up to 68% of manufacturer IT projects, including wireless connectivity, fail.
- These IT projects also take as much as 180% target time to deliver, consume over 160% of budget and deliver less than 70% of required functionality. (“The Impact of Business Requirements on the Success of Technology Projects”, IAG Consulting, 2008.)
These may seem like staggering numbers, but not to our team. We have lived these numbers day in and day out for years as we meet with global medical device OEMs, and understand the problems they run into when integrating wireless connectivity in a previously unconnected industry. Based on these conversations we are working to build a solution that makes integrating wireless easy.
How do we get over the existing hurdles?
Medical device makers need cost-effective, reliable solutions with a high level of security for wireless health data that are quick to deploy and interoperable across technologies and carriers. They need a wireless health ecosystem where app developers, device makers, health service companies and analytics companies work together, easily, without worrying about interoperability and integration.
Qualcomm Wireless Health has been contributing to the vision and technology movement in wireless health for over eight years, and is committed to several key initiatives focused on moving the industry forward. On this front - stay tuned for exciting news from the team.
I look forward to engaging with you all through this blog, and encourage you to check out posts from the rest of our Wireless Health OnQ blog family, including Don Jones and Kabir Kasargod.
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November 22, 2011The Wireless Health Waiting Game0The Wireless Health Waiting Game