Number of remotely monitored patients spiked in 2016, according to Berg Insight
GOTHENBURG, Sweden – The number of remotely monitored patients grew by 44% to 7.1 million in 2016, according a new report from Berg Insight.
What’s more, the number of remotely monitored patients will grow at a compound annual growth rate (CAGR) of 47.9% to reach 50.2 million by 2021, says the market research firm.
The two main applications in the market are monitoring patients with sleep therapy devices and monitoring patients with implantable cardiac rhythm management (CRM) devices. Berg Insight says these two verticals accounted for 80% of all connected home medical monitoring systems in 2016.
“The number of remotely monitored sleep therapy patients grew by 70% in 2016, mainly driven by ResMed, which has made connected healthcare a cornerstone of its strategy,” says Anders Frick, senior analyst at Berg Insight.
Other leading vendors in this segment are Philips Respironics and SRETT.
Telehealth is the third largest segment with half a million connections at the end of 2016, Berg Insight says. Leading telehealth vendors include Tunstall Healthcare, Honeywell, Cardiocom, Philips and Qualcomm Life.
All other device categories, including ECG, glucose level, medication adherence and others, stood for less than 1 million connections all together, the firm says.
Cellular connectivity has already replaced PSTN and LAN as the de-facto standard communication technology for most types of connected home medical monitoring devices, according to Berg Insight.