Market Research Report
Remote Patient Monitoring and Telehealth Market
|Published by||Kalorama Information||Product code||876844|
|Published||Content info||267 Pages
Delivery time: 1-2 business days
|Remote Patient Monitoring and Telehealth Market|
|Published: May 22, 2019||Content info: 267 Pages||
Remote Patient Monitoring and Telehealth Market represents Kalorama Information's 11th edition of coverage of the advanced remote patient monitoring market, reflecting the market's increasing focus on telehealth and telemedicine. The global patient monitoring and telehealth market has continued its expansion in both the institutional and home segments of the health market, with the United States and many European countries at the forefront of implementation. Telehealth is becoming an integrated part of how health is delivered worldwide. The market has benefited from the demand to move to a more wireless and streamline operation both within major health facilities and in-home treatment markets. Among the market data provided in the report are the following:
The market is expected to climb during the forecast period, with North America leading the global market and the United States providing the largest individual market. Emerging markets continue as well to impact sales. The report provides regional market summaries for North America; Europe, Middle East, Africa (EMEA); Asia Pacific; and Latin America; as well as country market information for United States, Canada, Germany, United Kingdom, France, Italy, Japan, China, Brazil, and Mexico. Total market is provided, as well as market by facility application:
The market for remote patient monitoring and telehealth is segmented into two basic component groups, which may be integrated components or standalone systems: equipment and devices, and services. Equipment and devices for remote diagnosing, monitoring and treating patients are divided into four major product segments: blood management and function monitors, cardiac event and function monitors, neurological event monitors, and respiratory function monitors. Remote Patient Monitoring and Telehealth Market provides the following market data on equipment and devices:
In terms of services, there are four general delivery mechanisms in use, as discussed within the report, which provides the following market data:
Advanced technologies in patient monitoring are emerging in response to the increased healthcare needs of an aging population, new wireless technologies, better video and monitoring technologies, decreasing healthcare resources, an emphasis on reducing hospital days, and proven cost-effectiveness. New wireless and Bluetooth technologies, improved infrastructure, and patient familiarity with wireless devices are all combining to advance sales and use of new technologies in patient monitoring systems. Patients are now more comfortable with using a monitoring device, then having a hub send the data to their healthcare provider via telephone, mobile phone, wireless, PC, or other connection. Supported peripherals such as high-quality video and audio enable interactive telehealth encounters.
The interest in telemedicine and telehealth has exploded over the last decade. Involvement in this care segment has several benefits and hospitals, caregivers, device manufacturers, and patients are continuing to jump on board with acceptance using this technology. There are more than 1,000 clinical trials recently completed, currently underway or beginning recruitment listed by the National Institutes of Health for telemedicine/telehealth trials. The report provides data on telehealth clinical trials:
In the United States, reimbursement policies for telemedicine, telehealth, telemonitoring, or any remote monitoring vary widely. In recent years, a number of states have continued to adopt legislation, which includes live-video telemedicine/telehealth services and reimburses at comparable levels and rates as in-person visits. Other services such as store-and-forward are often limited in reimbursement levels with most states recognizing simple structures such as x-rays and standard images. In the area of remote patient monitoring, many states make exceptions for certain populations such as the elderly or those with complicated conditions such as diabetes or heart failure which may result in overall health savings to monitor the condition compared with an event. The report provides the following data on reimbursement for telehealth/telemedicine services in United States:
There are a large number of companies offering some form of wireless and remote technologies, patient data processing applications and equipment, or EMR data transfer equipment. Competitors supplying patient monitoring and telehealth systems to hospitals are large, established healthcare companies, often working in conjunction with information technology (IT) companies on an entire system. The home healthcare and other sectors are much more fragmented and are dominated by privately held companies. There are many participants in the market. The report profiles significant contributors to the patient monitoring and telehealth technologies market, including:
Additionally, this edition of Remote Patient Monitoring and Telehealth Market from Kalorama provides a wider range of coverage in the consumer-grade segment and on-demand telehealth services. In recent years, the consumer segment has become an undeniable segment of this industry and many professional-grade device manufacturers have had to change product design and marketing efforts to reach this new opportunity for growth. The segments largely affected by the consumer device market are glucose monitors, heart rate monitors, fetal and pregnancy monitors, pulse oximeters, sleep apnea devices, weight monitoring devices and other similar areas of product offering. This market specifically includes equipment and devices with wireless and remote technologies, patient data processing applications and features, applications that transfer patient monitoring results to electronic medical records (EMRs) and services for patient monitoring by third-party providers. This does not include EMR applications and equipment. Basic and manual patient monitoring devices are also not included. Among products not included are obsolete glucose monitors that are not equipped to be part of a system to forward data to a telehealth record and standard hospital patient monitoring equipment that does not forward data to a central station. Many of these older devices can no longer be purchased from the manufacturer directly and are often purchased as a refurbished item.