Remote monitoring is on the rise

Worldwide, 3 million patients have a remote monitoring device at home that is monitored by a professional caregiver. This states a new report by Berg Insight. IF 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-by-Berg-Insight

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 with 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. 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 by introducing cutting edge solutions in remote monitoring of vital signs.

Author: Indy Kavelaars

Source: Berg Insight

Advertisements
Tagged , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: