The one consensus about health care is that its cost growth is unsustainable: according to some estimates, it is expected to reach $2.7 trillion in 2009 or 17.3% of GDP, according to the Center for Medicare Services (CMS). With little general agreement on how to contain costs, some consumers and providers still find ways to get or deliver care outside of the walls of the doctor’s office and emergency room. Today home monitoring and telehealth technology markets, self-care technologies, retail clinics, and use of mobile health and online websites help individuals and caregivers to manage chronic disease. By 2020, providers and patients will willingly participate in a process of calibrated care – matching the right level of care at the right time and right place – through lower-cost, technology-enabled and closer-to home interactions. Updated 5-24-2012.
This is a follow-on document to the Technology Market Overview last updated in January, 2012.