New Report: “Remote and Wireless Patient Monitoring Markets” Now Available at Twease.org
ALBANY, New York, September 12, 2012 /PRNewswire/ –
Twease.org – New Report Added in Healthcare Reports Database Remote and Wireless
Patient Monitoring Markets
Advanced patient monitoring systems that provide wireless or remote patient monitoring
to share data outside the immediate patient care area continue to see sales growth.
Features on these devices can range from basic remote tracking ability to “face-to-face”
interaction between clinicians and patients, or even data sorting of the vast amount of
data collected in order to put it into the context of a patient’s condition. Many systems
now transfer data to an electronic medical record (EMR), and some come with full-service
This Kalorama Information report, Remote & Wireless Patient Monitoring Markets covers
three product areas: wireless and remote patient monitors, patient data processing
applications and equipment, and EMR data transfer equipment and applications which
coordinate the flow of data to hospital electronic medical record systems. Data is
provided for the US market in 2010 and forecasted to 2015.
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Many companies have entered this growing field. Among the offerings discussed in the
report are the following:
- Abbott - American Medical Development (AMD) Telemedicine Products - American TeleCare - Cardiocom - Carematix - Cybernet Medical Corporation - Drager Medical - GE Healthcare - GlobalMedia Group - Honeywell HomMed - Intel - InTouch Health - LifeWatch Technologies - MedApps - Medtronic - Philips Medical Systems - Roche - St. Jude Medical - Second Opinion Telemedicine Solutions, Inc. - Welch Allyn
There are four primary markets for these new technologies:
- Hospitals; - Home healthcare; - Nursing homes; and - Other (including first responders, institutional, physician offices, and military)
Disease categories being monitored remotely:
In addition to providing market sizes by venue serviced, the report also breaks out
the market for remote and wireless patient monitoring based on the disease category being
monitored by these devices for the following categories:
- Asthma Monitoring - COPD Monitoring - CHF Monitoring - CHD Monitoring - Cancer Monitoring - Diabetes Monitoring - Other Disease Monitoring
Patient data processing applications and equipment use algorithms to evaluate
monitoring measurements for a patient’s specific condition(s). Usually, these can be
customized by the physician, with reports sent to the physician. In the market for
high-tech patient monitoring systems, the applications and equipment are either integrated
into the patient monitoring system or are add-ons to the measuring systems. As with data
processing, EMR data transfer equipment and applications for this report are either
components of, or add-ons to, patient monitoring systems. This report does not include EMR
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Most players in the market are discussed as part of Kalorama’s competitive analysis of
the remote patient monitoring market. In addition, as part of our coverage of the
marketplace for remote and wireless systems, several major manufacturers are profiled in
detail in this report.
This report was constructed using both a primary and secondary research approaches.
Annual reports, trade publications and other sources were thoroughly researched, and
interviews conducted with industry executives were used to make assessments of markets and
to discover trends and construct forecasts.
All Kalorama reports advertise the single user price, which limits access to one user.
We also feature department and global pricing for reports that will be utilized by more
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New technologies in remote patient monitoring have the potential to combat soaring
healthcare costs and personnel shortages, and reduce hospitalization times, according to
Kalorama Information. In a new report, the healthcare market research firm values the U.S.
market for remote patient monitoring at $7.1 billion in 2010 and forecasts an annual
growth rate of 25.4%, reaching $22.2 billion by 2015. The report details one area of
remote patient monitoring that is blossoming, the ‘eICU’ or ‘tele-ICU.’
Due to the predicted shortages of intensivists, cardiologists and nurses in the U.S.
in the next 5 to 10 years, the concept of these eICU systems in a critical care setting is
growing. The Swedish Medical Center in Seattle has been in the vanguard with the adoption
of an eICU, according to Kalorama’s report. This medical center installed the Visicu
(Philips Healthcare) electronic ICU, which allows intensivists and critical care nurses at
the eICU command center to make virtual rounds of patients through an elaborate network of
cameras, monitors, and two-way communication links via T1 lines. Another facility, Sentara
Healthcare in Norfolk, Virginia, also installed an eICU program and has reported that it
reduced intensive care mortality rates by 25% and shortened the average length of stay for
patients in the eICU setting by 17%. In this example, per patient costs dropped $2,150
based on reduced patient expenses and increased ICU capacity, generating approximately $3
million in savings for the facility.
“With an eICU intensivists can remotely monitor the condition of patients, check vital
signs, and communicate with hospital personnel, patients and their families in multiple
locations from one command center,” said Bruce Carlson, publisher of Kalorama Information.
“It should help to relieve stress on cardiologists, critical care physicians and nurses.”
Philips’ Visicu is just one of many systems hospitals are purchasing for remote
patient monitoring. Products by Draeger AG, GE Healthcare and Abbott are among those
featured in Kalorama’s report and figure into their market numbers.
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