Remote and Wireless Patient Monitoring Markets15 Sep 2011 • by Natalie Aster
New York – 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 outsourcing.
The report “Remote and Wireless Patient Monitoring Markets” by Kalorama Information 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 system. Data is provided for the US market in 2010 and forecasted to 2015.
Published: August 2011
Price: US$ 3,995.00
Report Sample Abstract
Verizon Business has teamed up with Cisco to deliver the new service. In total, Verizon offers healthcare professionals a variety of connection solutions that are based on smartphones or tablets combined with wireless mobile broadband.
Another example of an alliance is Philips and Vodafone. Vodafone is a business unit of Qualcomm Life Sciences which are providing monitoring devices and other gadgets that will be available on the market soon. Some of the new developments include a Compressed Sensing algorithm. This is an application layer technique that reduces the amount of data acquired and sent via a BAN to shrink power consumption dramatically.
Philips is working on image guided intervention and home healthcare applications. Vodafone is aiming for two advantages from this alliance – gaining a strategic early role as a consultant as the market evolves and gaining actual revenues by running and managing the services over its networks.
The biggest roadblock to these alliances is in the area of trust. The FDA is able to assure the healthcare community that medical devices are measuring a person’s health information accurately, but the agency has not control over the wireless network that transmits that information.
In order for these alliances to be mutually successful, the wireless industry will need to build trust by sponsoring trials. Although many device makers are waiting in the wings for similar trials, hoping to win over those who ultimately would pay for their products – doctors, nurses, private insurance companies and the federal government – trust will need to be built up between these two traditionally disparate industries before such devices can find their way into medicine, qualify for reimbursement, and become mainstream medicine. However, if wireless companies are successful in earning the trust of the medical community, they will be poised for a brand new market for wireless medical devices.
Growing demand and a desire for lower costs means new business models are emerging, as evidenced by all the major initiative aimed at delivering value-added services to the healthcare segment from service providers like AT&T, Cox Communications, and Verizon.
More information can be found in the report “Remote and Wireless Patient Monitoring Markets” by Kalorama Information.
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