mHealth: Mobile Patient Monitoring to Become $9.3 Billion Market By 2014

Based on the findings of a new report from TechNavio, remote patient monitoring systems – those which are made possible by mobile technologies and communications platforms – are poised for new heights in the next thirty-six months. The global patient Monitoring System market will reach $9.3 billion in 2014. One of the key factors contributing …   Read More

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Based on the findings of a new report from TechNavio, remote patient monitoring systems – those which are made possible by mobile technologies and communications platforms – are poised for new heights in the next thirty-six months.

The global patient Monitoring System market will reach $9.3 billion in 2014.

One of the key factors contributing to this growth is the technological advancements in the Remote Patient Monitoring market. “However,” the research analysts at TechNavio add, “the complexity involved in return on investments for high-end solutions could be a challenge to the growth of this market.”

TechNavio says its report, Global Patient Monitoring System 2010-2014, is based on extensive research and input from industry experts, vendors, and end users. Among the companies factored into the report are Philips Healthcare, GE Healthcare, Omron Healthcare, Drager Medical Gmbh, and Johnson and Johnson.

“Remote Patient Monitoring (RPM) is greatly minimizing hospital stays, resulting in a reduction of the cost of healthcare delivery. Thus, RPM helps healthcare centers reduce costs and increase business opportunities for healthcare service providers while integrating systems and providing necessary operational facilities. As a result, the Patient Monitoring Systems market stands to gain,” TechNavio revealed in a press release.

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1 comment

  1. Michael E

    Mobile patient monitoring will be much more affordable to all parties than keeping people in institutional settings. I work for a company named Sengistix. We specialize in remote monitoring through the use of sensors and cameras featuring two-way instant audio. This saves a lot of money for clients, and allows people to be more independent.

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