Remote patient monitoring (RPM) is set for an incredible growth spurt as nearly 100 million wearable devices will ship over the next five years, a new research report from New York City-based ABI Research predicts.
The report's authors say that the RPM market will be boosted by consumer tech giants Apple, Google, and Samsung offering products in the market. Also, they say that there is an opportunity for secure data collection data from a variety of vendor devices.
“Data has traditionally resided in silos belonging to specific applications delivered primarily by device vendors themselves. New cloud platforms capable of collecting data from a range of vendor devices and sharing it securely with a range of related parties including patients, healthcare providers, and payers will drive adoption and bring more connected devices to market,” Jonathan Collins, principal analyst at ABI Research, said in a statement.
ABI say that the popularity of FitBit and Jawbone have created a demand from patients to get the same functionality in medical devices. This has occurred, they say, in the continuous glucose monitoring market and in pulse oximeters, blood pressure cuffs, and ECG monitors.