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.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



Cumberland Consulting Buys LinkEHR, Provider of Epic Help Desk Services

Cumberland Consulting Group, a healthcare consulting and services firm, has acquired LinkEHR, which provides remote application support, including Epic help desk services.

Population Health Tool that Provides City-Level Social Determinants Data Expands to 500 Cities

A data visualization tool that helps city officials understand the health status of their population, called the City Health Dashboard, has now expanded to 500 of the largest cities in the U.S., enabling local leaders to identify and take action around the most pressing health needs in their cities and communities.

Trump will Nominate Acting VA Secretary Wilkie for Permanent Position

Just a day after the Department of Veterans Affairs (VA) and Cerner inked their $10 billion EHR (electronic health record) deal, President Trump said he would be nominating Acting VA Secretary Robert Wilkie for the permanent position.

ONC Names API Server Showdown Stage 2 Winner

The Office of the National Coordinator for Health Information Technology (ONC) has named 1UpHealth as the Stage 2 winner of the “Secure API Server Showdown” challenge.

EHNAC Developing Trusted Exchange Accreditation Program

To align with the Trusted Exchange Framework and Common Agreement, the Electronic Healthcare Network Accreditation Commission, a nonprofit standards development organization and accrediting body, is working with other organizations to establish a new Trusted Exchange Accreditation Program.

Lawmakers Demand New VA CIO, Citing “Malign Neglect” on EHR Project

A group of Democratic federal lawmakers, five senators and six members of Congress, are calling out the U.S. Department of Veterans Affairs (VA) for what they call “malign neglect” in the agency’s efforts to achieve electronic health record (EHR) modernization.