The number of home monitoring systems with integrated communication capabilities is expected to grow at a compound annual growth rate (CAGR) of 18 percent until 2016, according to a report published by Berg Insight.
The report, titled 'mHealth and Home Monitoring' forecasts, that the number of patients worldwide using remote monitoring solutions will more than double to 4.9 million by the end of 2016, compared to 2.2 million today.
"The adoption of out-of-hospital wireless monitoring in healthcare is driven by a wide range of incentives, related to everything from demographics and technology development to new advancements in medical treatment," said Lars Kurkinen and Johan Fagerberg, analysts at Berg Insight. "There are, however, a number of barriers, including resistance to change among healthcare organizations and clinicians, misaligned incentive structures and the financing of wireless solutions by what is at large an underfunded healthcare sector."
The report indicates that the most common conditions that can be monitored by mHealth systems are chronic diseases, from which over 200 million patients in the EU and the US suffer. These diseases include cardiac arrhythmia, hypertension, ischemic diseases, sleep apnea, diabetes, hyperlipidemia, asthma and chronic obstructive pulmonary disease (COPD).
Berg analysts said that applying information and communication technologies in the healthcare industry can lead to decreased costs, more efficient care delivery and improved sustainability of the healthcare system.
The report, which names Aerotel Medical Systems as one of the leading providers of mHealth solutions, shows that the number of devices that have integrated cellular connectivity rose to 570,000 from only 420,000 in 2010. The number is expected to surge at a CAGR of 34.6% to 2.47 million in 2016.
Several companies have developed integrated solutions for monitoring multiple chronic diseases and other conditions. The six leading providers of integrated telehealth systems include the major technology and electronics companies Bosch, Honeywell, Philips and Bayer, as well as the small specialist telehealth companies Cardiocom, and Numera.
Tuesday, December 27, 2011
Tuesday, December 13, 2011
Report: Medical monitoring products to push home health market
The home health monitoring market is expected to generate higher revenues from services that are based on using monitoring products, according to a recent report published by research company Parks Associates.
In a report, entitled "The Role of IP in Revitalizing PERS", Parks said that the Personal Emergency Response Service (PERS) market is currently changing as it is re-introducing services as a more modern care concept. The report indicates that technology, particularly IP-enabled technology innovations in hardware, software, and service platforms, is driving the market transition.
"We in Aerotel defiantly feel that demand for services that use advanced monitoring solutions," said Ofer Atzmon, Vice President for Business Development and Marketing at Aerotel Medical Systems. "Products such as our GeoSkeeper offer a new level of safety beyond existing PERS and traditional social alarm systems."
Parks analysts said that the long-term threat to the PERS industry incumbents comes from new senior independent living solution providers. These players offer a complete suite of software and service components that address needs for proactive risk assessment, self-care for chronic conditions and wellness, social communication, and health education/lifestyle adjustments.
They said that these providers offer PERS service as complementary and sometimes complimentary, service. The technology platform on which these capabilities are offered has to be IP-enabled, and this platform's cost will only go down as technology matures and operational scale builds.
The authors, Harry Wang and Jennifer Kent, said that the market is changing as new senior-friendly services, using either IP or traditional phoneline-based communications infrastructure, are now offered. They estimated that PERS services are expected to transform into a full-fledged senior independent living solutions.
Wang and Kent concluded that in the future, the market will become less fragmented and IP-based service infrastructure and IP-connected monitoring devices will be two of the change agents to give the PERS industry a rebirth.
In a report, entitled "The Role of IP in Revitalizing PERS", Parks said that the Personal Emergency Response Service (PERS) market is currently changing as it is re-introducing services as a more modern care concept. The report indicates that technology, particularly IP-enabled technology innovations in hardware, software, and service platforms, is driving the market transition.
"We in Aerotel defiantly feel that demand for services that use advanced monitoring solutions," said Ofer Atzmon, Vice President for Business Development and Marketing at Aerotel Medical Systems. "Products such as our GeoSkeeper offer a new level of safety beyond existing PERS and traditional social alarm systems."
GeoSkeeper |
They said that these providers offer PERS service as complementary and sometimes complimentary, service. The technology platform on which these capabilities are offered has to be IP-enabled, and this platform's cost will only go down as technology matures and operational scale builds.
The authors, Harry Wang and Jennifer Kent, said that the market is changing as new senior-friendly services, using either IP or traditional phoneline-based communications infrastructure, are now offered. They estimated that PERS services are expected to transform into a full-fledged senior independent living solutions.
Wang and Kent concluded that in the future, the market will become less fragmented and IP-based service infrastructure and IP-connected monitoring devices will be two of the change agents to give the PERS industry a rebirth.
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