mHealth can add €93 billion in GDP of European Union by 2017: GSMA
GSMA says mHealth can save almost €100 billion in healthcare costs and add €93 billion in GDP in the EU by 2017.
The new GSMA report, developed in association with PwC, says mHealth can create huge cost savings for the EU region.
The report says mHealth can lower annual per capita EU healthcare spend for patients benefitting from mHealth solutions by 18 percent, or €537.
In addition, mHealth can reduce care costs for chronic conditions by 30 to 35 percent through improved treatment compliance and remote patient monitoring.
mHealth also improve lifestyles, according to the GSMA report.
Implementation of mHealth can assist 185 million patients lead healthier lives and gain a combined 158,000 extra years of life.
Mobile health can empower almost 23 million people that either have a chronic disease or are at risk of developing one to improve their condition through preventive measures and lifestyle improvements
It will provide 9.4 million people at risk of developing chronic diseases with access to earlier diagnosis, and enable 11 million chronic patients and nine million elderly patients to benefit from remote treatment and monitoring.
mHealth will accommodate the treatment of an additional 24.5 million patients without requiring more doctors or new healthcare facilities.
GSMA says mHealth can address the shortage of doctors across the EU by saving a combined 42 million doctor working days in 2017, extending treatment to an additional 126 million patients
The report says mHealth can help more than 18 million patients suffering from chronic diseases or at risk of developing them to stay healthier and improve their productivity, contributing a further €5,139 each (€93 billion in total) to EU GDP.
However, if the EU governments are going to neglect mHealth, healthcare savings across the EU would be limited to €6.6 billion, instead of the almost €100 billion predicted in 2017.
In addition, only €6.5 billion will be added to EU GDP by 2017, compared to the potential €93 billion.