DUBLIN–(BUSINESS WIRE)–The “mHealth and Home Monitoring – 11th Edition” report has been added to ResearchAndMarkets.com’s offering.
mHealth and Home Monitoring Report is the foremost source of information about the adoption of wireless solutions for health monitoring. Whether you are a medical equipment vendor, telecom operator, healthcare provider, investor, consultant, or government agency, you will gain valuable insights from this in-depth research.
How should the mobile industry address the vast business opportunity in wireless healthcare monitoring? The number of connected home medical monitoring devices on the global market was 56.8 million at the end of 2021 and is forecasted to grow at a CAGR of 14.2 percent in the next six years to reach 126.1 million in 2027. Learn more about how wireless technology can become seamlessly integrated with medical devices in this 260-page in-depth report now in its eleventh edition.
The number of remotely monitored patients reached 56.8 million in 2021 as the market acceptance continues to grow in several key verticals. This number includes all patients enrolled in mHealth care programs in which connected medical devices are used as a part of the care regimen. Connected medical devices used for various forms of personal health tracking are not included in this figure. The analyst estimates that the number of remotely monitored patients will grow at a compound annual growth rate (CAGR) of 14.2 percent to reach 126.1 million by 2027.
The three main applications are monitoring of patients with sleep therapy devices, glucose level monitoring of patients with diabetes and monitoring of patients with implantable cardiac rhythm management (CRM) devices. The number of remotely monitored sleep therapy patients amounted to 27.5 million in 2021, driven by ResMed and Philips which together dominate the sleep therapy market. Glucose level monitoring has grown significantly in the last years and is now the second largest segment with 9.1 million connections at the end of the year.
The growth is driven by the increased adoption of continuous glucose monitoring (CGM) systems from providers such as Abbott and Dexcom. The CRM market is led by companies such as Medtronic, Boston Scientific and Abbott which started to include connectivity in CRM solutions more than a decade ago. Other device categories include ECG, telehealth, medication compliance, blood pressure monitors and others.
The demand for home monitoring solutions has grown greatly in the last few years. Healthcare systems around the world have undergone a transformation to adapt to value-based care – a care model that requires care solutions to be both cost-efficient and of high quality. Healthcare industry players have responded to this by developing data-driven solutions, such as self-engagement apps that rely on behavioural analytics to coach patients on how to manage their conditions.
“mHealth and home monitoring can help ease the burden of an already strained healthcare sector, as it eases the access to patient data and both increases the efficiency and improves the quality of care,” says Samuel Andersson, IoT Analyst. As regulations and reimbursement rates have been changed in favour of remote patient monitoring solutions, the growth is expected to continue.
Several European countries have started to follow the US and have either already introduced or plan to introduce reimbursement for remote patient monitoring in the near future. “This trend has been going on for years, but the COVID-19 pandemic greatly accelerated the development, as it forced providers to adopt to remote patient monitoring and telehealth solutions. This helped overcome the institutional hesitancy and conservatism that previously were a major barrier for the adoption of these solutions”, concludes Mr Andersson.
Key Topics Covered:
The Challenge of Chronic Diseases
Introduction
The ageing population
Lifestyle-related diseases
Common chronic diseases
Cardiac arrhythmia
Ischemic diseases
Hypertension
Sleep apnoea
Chronic respiratory diseases
Diabetes
Hyperlipidaemia
Healthcare providers and reimbursement systems
Healthcare in Asia-Pacific
Healthcare in Europe
Healthcare in North America
Regulatory environment
Regulatory environment in Europe
Regulatory environment in the US
Regulatory environment in other major markets
International standardisation
Market Analysis and Forecasts
Market forecasts
Cardiac rhythm management
Sleep therapy
Telehealth and multiparameter monitoring
ECG monitoring
Glucose level monitoring
Medication compliance monitoring
Other medical devices
Revenue forecasts
Medical monitoring devices
mHealth connectivity solutions
Care delivery platforms
mHealth care programs
Market drivers and barriers
An ageing population is raising medical costs
Increase of non-communicable disease prevalence
The generational technology barrier is disappearing
Healthcare staff shortages calls for more efficient healthcare
Alignment of financial incentives
Transformation to value-based care
Increased focus on disease prevention
Substitutes for medical monitoring
A slowly changing industry
Cybersecurity risks with more digital solutions
Increased need for interoperability as the number of solutions grows
Industry trends and analysis
Consumerisation of medical-grade mHealth devices and apps
From frequent readings to AI-driven patient engagement
Major pharmaceutical companies prepare large-scale rollouts
BYOD is becoming a popular and viable option
The global adoption of telehealth is ramping up
Integrations are becoming crucial in the health data ecosystem
Compliance monitoring is a major driver behind home monitoring
COVID-19 became a catalyst that took mHealth into the next growth phase
AI and machine learning assist clinicians in diagnosing and treating patients
A selection of companies mentioned in this report includes
A&D Medical
Abbott (St. Jude Medical)
Abbott Diabetes Care
Accuhealth
AceAge
AdhereTech
Adherium
AEDMAP
AliveCor
Almas Industries
Alphabet
AMC Health
Apple
Ascensia Diabetes Care
AstraZeneca
AT&T
Avive Solutions
Bepatient
Biofourmis
BioSerenity
BioTel Care
BioTelemetry (BioTel Heart)
Biotricity
Biotronik
Bittium
BMC Medical
Boston Scientific
Cadwell Laboratories
Cardia International
CardiLink
CardioComm Solutions
Care Innovations
CareSimple
ChoiceMMed
Clario (ERT)
CleveMed
CoaguSense
Compliance Meds Technologies
Compumedics
Current Health
Deutsche Telekom
Dexcom
Domicalis
eDevice
Emma Health Technologies
Enovacom (Orange Healthcare)
Enovation (Verklizan)
Ericsson
etectRx
Evondos
Fisher & Paykel Healthcare
GE Healthcare
Get Real Health
Glooko
Helena Laboratories
Hero
Huma
iHealth Labs
iLine Microsystems
InfoBionic
Information Mediary Corporation
Insulet
iRhythm Technologies
Itamar Medical
KORE
LevMed
LifeScan
Livongo
Luscii
Lowenstein Medical Technology
Masimo
Medical International Research
Medisante
Medixine
MedM
MedMinder
MedReady
Medtronic
Medtronic Care Management Services
Medtronic Diabetes Operating Unit
Merck Group
Metrax
Microlife
MicroPort (LivaNova)
Microsoft
Natus Medical
NDD Medical Technologies
Nihon Kohden
NIOX Group (Circassia Group)
Nonin Medical
Nox Medical
Omron Healthcare
Onera Health
OpenTeleHealth
Philips Emergency Care
Philips Enterprise Telehealth
Philips Sleep and Respiratory Care
Physio-Control (Stryker)
Preventice Solutions
Propeller Health
PTC
Pyrescom
Raziel (Ideal Life)
ResMed
Respiri
Roche Diabetes Care
Roche Diagnostics
Rossmax
S3 Connected Health
Schiller
ScottCare
Senseonics
SHL Telemedicine
Sibelmed
Siemens Healthineers
Smart Meter
Somnics
SomnoMed
SOMNOmedics
Spencer Health Solutions
SRETT
Tandem Diabetes Care
Telefonica
Telenor Connexion
Thales
TytoCare
TZ Medical
Vaica
VitalConnect
Vitalograph
Vivify Health
Vodafone
Voluntis
Welch-Allyn
WellDoc
Werfen (Instrumentation Laboratory)
Withings
Zenicor
Zoll Medical Corporation
For more information about this report visit https://www.researchandmarkets.com/r/u0bvh3-and-home?w=4
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