Advanced remote patient monitoring sales jump nearly 20 percent

Sales for advanced remote patient monitoring jumped nearly 20 percent from $8.9 billion in 2011 to $10.6 billion in 2012, according to market research publisher Kalorama Information in its report, Advanced Patient Monitoring Systems.  This market includes wireless and remote patient monitors, applications and equipment for processing data, and applications and equipment for transferring patient monitoring data into an EHR.

The aging population and rise in healthcare costs has helped fuel interest in patient monitoring for its cost-effectiveness, the report found. Remote patient monitoring technology is displacing older equipment and will continue to do so as compatibility, privacy and security issues are all resolved, the researchers concluded.

Products not included in the study are obsolete glucose monitors unable to forward data to a telemedicine record and standard hospital patient monitoring equipment that does not forward data to a central station. 

A related press release noted that the market for advanced remote patient monitoring is “extremely fragmented,” and mostly includes privately-held smaller companies. More information on the report can be found here.