Published on : Jan 14, 2016
Remote patient monitoring is one of the unique and latest concept introduced in the healthcare industry. This technology enables monitoring of patients, who are not in the medical environment (such as clinics and hospitals). The growing adoption of this technology in healthcare industry helped in increasing access to care for patients and lowered the healthcare delivery costs. The remote patient monitoring devices helped patients in keeping a track of their condition leading to a reduced number of visits to the physician’s clinic or hospital. The precision of these monitoring devices further allows the patient for a trustworthy diagnosis and allows in designing a more effective treatment plan.
Presently, remote patient monitoring devices are available in several types such as physical activity monitors, breath monitors, heart monitors, hematological monitors, and multi-sign monitors. Among all these type, heart monitors segment is leading in the global market owing to the growing prevalence of heart disorders around the world.
Moreover, the remote patient monitoring devices help in reducing the waiting time in clinics and hospitals and it also offers the medical practitioners to access the records of patients from various places. In addition, the increasing demand for electronic health record is boosting the demand for remote patient monitoring devices as these devices grant incorporation with cloud database for data access and storage. The tremendous increase in the patient population, growing awareness about lifestyle disorders, and technological advancements in the medical devices have fueled the growth of the global remote patient monitoring devices market in the coming years.
Some of the other factors that are boosting the demand for remote patient monitoring devices are the easy availability these devices, user-friendly nature, portability of devices, and the tremendously rising incidence of chronic disorders such as respiratory diseases, diabetes, and cardiovascular disorders around the world. All these factors have attracted many new players in expanding their product portfolio and attain profit margins in this market. On the flip side, lack of reimbursement coverage and issues associated with security and privacy of patient’s data by using remote patient monitoring devices are the major factors that are expected to hamper the growth of the global remote patient monitoring devices market in the next few years.