IDTechEx report examines hardware trends in remote patient monitoring

With healthcare spending increasing worldwide, innovative ways to deliver cost-effective healthcare must be developed. Remote patient monitoring (RPM), referring to the use of technology to measure and transmit physiological data outside of traditional healthcare settings, has emerged as a promising solution for lowering healthcare costs while maintaining a high standard of patient care.

IDTechEx They issued the reportRemote patient monitoring 2023-2033: technologies, markets, and opportunitiesCovers trends, opportunities, and forecasts for the use of connected, wearable medical devices for remote monitoring of patients’ health parameters, including activity, heart rate, blood pressure, heart rhythm, and blood glucose. IDTechEx forecasts the RPM-enabled devices and technologies market to reach $45 billion by year 2033.

Today, RPM technologies and services focus on major chronic conditions that include cardiovascular disease, diabetes, and respiratory disease. IDTechEx’s latest research report on the RPM Market covers major technical and business trends in medical devices used to remotely monitor and manage chronic conditions of a patient. These devices extend established technologies such as blood pressure bracelets and pulse oximeters to growing sectors such as electronic skin patches for ambulatory heart monitoring and continuous glucose monitoring. The rise of consumer devices such as smart watches is also covered in health monitoring.

  • Executive summary and conclusions
  • Key drivers and trends of the remote patient monitoring market
  • Overview of remote patient monitoring companies
  • Remote patient monitoring technologies, segmented by disease field/application

o Monitoring vital signs of inpatients and outpatients

o Cardiovascular disease, including techniques used for patients with high blood pressure, heart failure, and heart failure

o Diabetes, including blood glucose monitoring and insulin delivery

o Respiratory diseases, including smart inhalers

o Other chronic diseases targeted by RPM

o Clinical trials

o Monitoring the elderly

oh wellness

  • 10-year market forecast across 19 remote patient monitoring product lines/categories
  • 63 company profiles, including interviews

Innovations in RPM technology focus on increasing patient comfort, convenience, and commitment to monitoring, while maintaining high data quality and, where appropriate, providing the option for continuous monitoring. Recent activities from medical and technology giants are showing their interest in entering the RPM market, bringing with them the much-needed scale to support uptake. Increased reimbursement and comfort for both patient and clinician with technology (due to the COVID-19 pandemic) can support the continued rise of RPM technologies.

Key aspects of the Remote Patient Monitoring market covered in the report:

  • Overview of the remote patient monitoring industry, including key companies and key industry drivers
  • Technology and trend analysis, including major chronic disease applications; Examples include:

o Increase patient comfort and bring continuous monitoring to hospital wards

o High blood pressure and blood pressure development without a slap

o Detection and diagnosis of heart rhythm and the emergence of wearable devices

o Diabetes and the push towards continuous glucose monitoring

o Chances of wearable devices in movement disorders

o Monitoring the elderly

a Digital Biomarkers and decentralized clinical trials

o Health insurance and wearable technology incentives

  • 10 Year Market Forecast for Connected Medical Devices for Remote Patient Monitoring for Chronic Diseases, covering 19 products/product categories

IDTechEx guides your strategic business decisions through research, subscription, and consulting products, helping you take advantage of emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

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