Remote Patient Monitoring Devices Market to Expand thanks to Introduction of New Product Innovations
Remote patient monitoring is amongst the latest advancements in the healthcare industry. Demand for remote patient monitoring devices is growing in line with the overall rise in preference for home care, which allows patients to keep track of their own conditions and eliminate the requirement of visiting the physician’s office repeatedly. The growing prevalence of chronic diseases such as arthritis, diabetes, and osteoporosis globally has fuelled the demand for remote patient monitoring devices.
There are a number of new innovations introduced in the market for remote patient monitoring devices. TMR, a market intelligence company, throws light on the top 4 latest technologies introduced in this market and elaborates on their benefits and ways in which these benefits will have a positive impact on the growth of the market in the coming years.
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• Sensor Mat by BAM labs: These FDA-authorized sensor mats have been introduced in the market by BAM Labs and are placed below mattresses in order to monitor a patient’s heart rate, sleep pattern, and breathing rate. The patient isn’t connected with any wires during the process, as the mats turns the patient’s bed into a ‘smart bed’ and carries out all the functions. These mats are used within both home settings and in hospitals. Data gathered via these mats is transmitted to an application online and this application is viewable via any internet-connected device. Caregivers and doctors are able to monitor a number of patients simultaneously from the application.
• Integrated Systems by Independa: For monitoring a person’s activities at home, Independa has introduced integrated systems for monitoring things ranging from a person’s glucose levels and blood pressure to activities such as the motion of a person moving in the house. This system is primarily developed for enabling independent living for aged or disabled people while allowing caregivers to passively monitor and stay abreast of any complications. This system reports the collected data to the online application.
• Cloud-Based Applications by Vivify: A number of cloud-based applications have been introduced by Vivify and these applications are utilized by patients in the vicinity of their homes. These applications help patients in monitoring their health. The data is then sent to physicians and this data can be accessed on computers, internet-connected televisions, and mobile devices. The software comprises customized care plans, educational videos, and videoconferencing with physicians, and medical coaching. This platform is interoperable with PHRs, HIEs, and EMRs.
• ZIO XT Patch Cardiac Rhythm Monitor and Zio Event Card by iRhythm Technologies: These monitors present continuous monitoring for a period of fourteen days and are intended to be used for asymptomatic patients and for those having secondary symptoms. This patch is recyclable and is worn on the chest by patients. Zio Event Card is a device that provides continuous ECG monitoring and is a prescription-only device. The device is as the same size as that of a credit card and is less than two ounces in weight.
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Hence, the market for remote patient monitoring devices is poised to flourish in the coming years. However, factors such as patients’ reluctance to have their daily lives tracked and logged via remote monitoring devices may hamper the growth of the market in the coming years.