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
Business

Top Tips to Help You Become A Lead in The Pharma Market

3 Mins read
The pharmaceutical market has witnessed substantial growth over the past 20 years, resulting in worldwide pharma revenues reaching a staggering $1.25 trillion…
Business

Extremely Important Organization Tips for Psychotherapists

3 Mins read
An organized office leads to more productivity and brings about a feeling of security and control that’s quite comforting for everyone connected…
Business

Essential Guidelines for Maximizing Medical Practice Revenue as Competition Swells

3 Mins read
Running a medical practice has presented a number of new challenges over the last year. There were some practices that were deemed…