BusinesseHealthFinanceMedical DevicesMobile Health

Remote Monitoring Is on the Rise

1 Mins read

Worldwide, 3 million patients have a remote monitoring device at home that is monitored by a professional caregiver, states a new report by Berg Insight. Whether this market will grow is not a question, but HOW this market will evolve — that is the important question. Berg Insight sketches a future for connected medical devices with a compound annual growth rate (CARG) of 44.4 percent. It is estimated to reach €19.1 million connections by 2018.

Worldwide, 3 million patients have a remote monitoring device at home that is monitored by a professional caregiver, states a new report by Berg Insight. Whether this market will grow is not a question, but HOW this market will evolve — that is the important question. Berg Insight sketches a future for connected medical devices with a compound annual growth rate (CARG) of 44.4 percent. It is estimated to reach €19.1 million connections by 2018.

remote-monitoring-device-market-stats

Patients that use connected medical devices for various forms of personal health tracking are not included in this figure.

They claim revenues of remote patient monitoring has reached €4.3 billion in 2013. Between 2013 and 2018 they expect revenues will grow 35 percent, reaching €19.4 billion. What kind of monitoring is now booming in this market?

  • Cardiac rhythm management accounts for two-thirds, or 2 million connections, and will grow to 4 million by 2018
  • Sleep therapy represents about 0.54 million people
  • Telehealth, medication adherence and airflow monitoring have 0.34 million connections. An interesting fact is that pharmaceutical companies will move into this space as well.

Vitaphone expects Berg Insight to be be right: this market will grow. We are definitely going to help to develop a better and more efficient healthcare system by introducing cutting edge solutions in remote monitoring of vital signs.

Source: Berg Insight

Related posts
BusinessHospital Administration

The Benefits of Medical Consultation Online

2 Mins read
These trying times call for innovative ways on how we can still take care of our physical and mental well-being. With the…
BusinessHospital AdministrationTechnology

Dr. Ryan Shelton Reveals 9 Data-Driven Tips for Optimal Health

3 Mins read
Today, medical science is experiencing a renaissance. Medical researchers are discovering dozens of ways to make people’s lives better and treat serious…
eHealthTechnology

How RFID Solutions Can Improve Patient and Doctors Experience

4 Mins read
The request for RFID implementation becomes more and more popular in custom healthcare software development. Radio-frequency identification is a relatively simple technology…