Report Patient Monitoring Industry Headed for Growth | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Report Patient Monitoring Industry Headed for Growth

March 28, 2012
by Gabriel Perna
| Reprints

A report from research firm GBI Research (New York, N.Y.) indicates the report patient monitoring (RPM) market is set for a huge growth period thanks to the implied cost-savings that go with the technology. The new report found that RPM technology is being used to cut the financial burdens of national healthcare systems while aiming to give patients an improved freedom, as individuals can remain at home while receiving constant medical monitoring.

According to GBI Research, the RPM market is expected to grow in the future due to greater numbers of patients being diagnosed with chronic diseases such as cardiovascular disease (CVD) and diabetes. The rising prevalence of chronic diseases, thanks to an aging population, has forced governments and healthcare providers to find ways of reducing healthcare costs and RPM has been indicated as a possible solution, according to GBI Research. The technology, GBI says, can reduce follow-up appointments and hospitalization numbers, which acts to lower the healthcare cost burden for hospitals and insurers, providing an incentive for governments to adopt the new monitoring technology.

The global RPM market was valued at $184.4 million in 2010 and is forecast to grow at a compound annual growth rate (CAGR) of 16 percent, to reach $506.2 million in 2017.



NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.