Remote Patient Monitoring 2023-2033: Technologies, Markets and Opportunities

As healthcare spending around the world increases, innovative methods of delivering cost-effective healthcare must be developed. Remote patient monitoring (RPM), referring to the use of technology to measure and transmit physiologic data beyond traditional healthcare settings, has emerged as a promising solution to drive down healthcare costs while maintaining a high standard of care for patients. The importance and value of RPM has been emphasized by the need to keep patients out of hospitals and clinics during the COVID-19 pandemic, which has in turn accelerated adoption of RPM.

 

 

 

Overall, RPM technologies and services enable healthcare providers to care for their patients outside of their regularly scheduled visits, following a global trend in decentralization to alleviate overburdened hospitals and clinics. For patients, RPM not only allows for the elimination of costly and time-consuming travel, but also increases quality of life, reduces hospitalizations and emergency room visits, and reduces hospital stay times. Early warning signs may be detected in time for preventative healthcare to be administered.

 

Today, the market for RPM technologies and services focuses on key chronic conditions spanning cardiovascular disease, diabetes, and respiratory diseases, particularly in older adults. The world's elderly population is responsible for a large portion of healthcare spending due to the high prevalence of chronic diseases in this group, and the high cost of managing chronic diseases. Management involves high levels of care (regular check-ups and good adherence to medication regimen) over long term. With the increase in the world's elderly population predicted, even small cost reductions in this space can have drastic impacts on healthcare systems around the world.

 

This IDTechEx report focuses on the devices and technologies supporting the RPM market. The range of devices used in RPM is vast, spanning established technologies such as scales and blood pressure cuffs to growing segments such as ambulatory cardiac monitoring (e.g. mobile cardiac telemetry) and continuous glucose monitoring, to current efforts to increase the number of health metrics that can be monitored in the background on consumer wearables. Innovations in RPM technology focus on increasing patient comfort, convenience, and adherence to monitoring, while maintaining high data quality, and where relevant, providing the option of continuous monitoring. Recent activities from medical and technology giants show their interest in entering the RPM market, bringing with them much needed scale needed to support uptake. Increased reimbursement and both patient and physician comfort with the technology (due to the COVID-19 pandemic) can support the continued rise of RPM technologies.

 

In this report, IDTechEx leverages our coverage of wearable and medical technology to bring the latest in technologies, applications, and opportunities for RPM. The report takes a deep dive into a spectrum of RPM approaches in the following high impact areas:

 

Examples of technologies covered in the report include electronic skin patches, smart shirts, smartwatches, and connected inhalers. This report encompasses IDTechEx's expert analysis of wearable technology, wearable sensors, electronic textiles, electronic skin patches, and digital health, to bring to the reader the most relevant insights on the exciting innovations in RPM.

 

This report provides the following information:

 

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