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Remote Patient Monitoring Seen as Way to Tackle Cuts in Health Care
U.S. is world’s largest market for monitoring devices (June 11)
Governments around the world are tackling health care cuts using remote patient monitoring (RPM), which enables health care professionals to track vital signs without depending on overstretched medical staff, according to a recent analysis.
RPM devices collect patient data, which can then be electronically transferred to a physician or health care provider for analysis. External RPM devices retrieve data from external measurement devices, such as glucose meters and blood pressure monitors, while implantable RPM devices consist of external modules or transmitters that receive data from implantable sensors used to manage arrhythmia and heart failure.
RPM devices allow patients to be continuously monitored from remote locations, thereby maintaining patient safety while reducing hospitalization rates, office follow-ups, and health care costs. In-house monitoring is particularly useful for frail elderly patients, reducing costs for both the patient and the health care provider.
According to the new report, the U.S. represented the largest market for patient monitoring devices in 2012, constituting 43% of the global market. The report predicts that the U.S. market for these devices will reach $3.9 billion by 2018.
Source: GBI Research; June 11, 2013.