Report: U.S. Patient Monitoring Market Poised for Major Growth | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Report: U.S. Patient Monitoring Market Poised for Major Growth

January 7, 2015
by Rajiv Leventhal
| Reprints

The U.S. patient monitoring market is projected to grow to more than $5 billion by 2020, mostly due to telehealth expansion, according to a recent report from market researcher iData Research.

This market is segmented into cardiac implantable electric device telehealth monitoring and disease conditions management telehealth monitoring. The U.S. telehealth market is projected to experience double-digit growth through 2020, the report found. Growth is driven by the demand for customized healthcare solutions, increased chronic illness amongst the aging population, and strained healthcare budgets. Additionally, by 2020, telehealth for disease conditions management is projected to represent more than half of the total telehealth market.

Market growth is expected to be further bolstered as awareness and implementation of standards for reimbursement and adoption of this type of care management increase. Additionally, both public and private organizations are expected to continue to budget more funds for telehealth expenditures in coming years, the report found.

The report identified the Minneapolis-based Medtronic as the leading competitor in the U.S. telehealth market. Medtronic offers an extensive line of heart devices that is supported with its CareLink remote monitoring system. This system connects with a standard phone line to transmit data from the heart device through their network to a secured website. The Palo, Alto, Calif.-based Bosch Healthcare was also noted as a market leader for disease conditions management with its Health Buddy System.

Read the source article at MarketWatch

Topics

News

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.

AMIA Warns of Tax Bill’s Impact on Graduate School Programs in Informatics

Provisions in the Republican tax bill that would count graduate student tuition waivers as taxable income would have detrimental impacts on the viability of fields such as informatics, according to the American Medical Informatics Association.

Appalachia Project to Study Relationship Between Increased Broadband Access, Improved Cancer Care

The Federal Communications Commission and the National Cancer Institute have joined forces to focus on how increasing broadband access and adoption in rural areas can improve the lives of rural cancer patients.

Survey: By 2019, 60% of Medicare Revenues will be Tied to Risk

Medical groups and health systems that are members of AMGA (the American Medical Group Association) expect that nearly 60 percent of their revenues from Medicare will be from risk-based products by 2019, according to the results from a recent survey.