Home-based medical devices to grow over 1.6M by 2013: Report

May 6 2010

Emerging Healthcare Solutions, Inc. (Pink Sheets:EHSI) applauded the results of a new report from InMedica on the world market for telemedicine, predicting that the use of home-based medical devices will drastically increase as telemedicine takes-off. According to the report, by 2013 the combined unit shipments of home-use digital blood-glucose meters, blood pressure monitors, weight scales, pulse oximeters and peak flow meters used in telemedical applications will grow to over 1.6 million. Shipments of health hubs will also increase, such that the total shipments of telemedical devices will top 2 million. InMedica is the medical research division of IMS Research.

The Company sees this report as good news for their new MedAnywhere iPhone app project, which is currently being developed. An increasing market for home-based patient monitoring equipment is expected to bolster the power of the company's MedAnywhere app, once development is completed. The MedAnywhere iPhone app is being configured to potentially accommodate a very wide variety of home-based patient monitoring equipment.

EHSI took the lead in the new mobile Telemedicine industry through their prior licensing and development of an extraordinary mobile cellular-based communications platform for ambulances. This system was originally the brainchild of Dr. Red Duke and was funded through a $20 million US Department of Defense grant to the University of Texas Health Sciences Center at Houston. UT then engaged Texas A&M to fully develop the system.

The iPhone is a portable data device produced by Apple, Inc. (NASDAQ:AAPL). Emerging Healthcare Solutions focuses on the development of emerging medical technology, a sector that also includes the Laboratory Corporation of America (NYSE:LH), Covance Inc. (NYSE:CVD) and Inverness medical Innovations Inc. (NYSE:IMA).

SOURCE Emerging Healthcare Solutions, Inc.