iData Research announced new findings showing the U.S. patient monitoring market is expected to grow from approximately $3.1 billion in 2011 to nearly $4.2 billion by 2018.
iData Research predicts this growth will be driven primarily by increased adoption of wireless ambulatory telemetry monitors, low-acuity vital signs monitors and telehealth for remote monitoring of chronic conditions and for patients with cardiac implantable electronic devices. Large purchases by the Department of Veterans Affairs and an increased awareness of the benefits of remote monitoring have contributed to higher adoption of these devices, according to the release.
Smartphone compatible monitoring products — which are now entering the market — are also expected to drive sales, especially for the pulse oximetry and blood pressure monitoring segments, because of Smartphones' convenience, ease of use, familiar platform and ability to share results, according to the release.
Remote Health Monitoring Market Projected to Hit Nearly $295M by 2015
Stamford Hospital in Connecticut Launches Remote Monitoring Program for Employees
iData Research predicts this growth will be driven primarily by increased adoption of wireless ambulatory telemetry monitors, low-acuity vital signs monitors and telehealth for remote monitoring of chronic conditions and for patients with cardiac implantable electronic devices. Large purchases by the Department of Veterans Affairs and an increased awareness of the benefits of remote monitoring have contributed to higher adoption of these devices, according to the release.
Smartphone compatible monitoring products — which are now entering the market — are also expected to drive sales, especially for the pulse oximetry and blood pressure monitoring segments, because of Smartphones' convenience, ease of use, familiar platform and ability to share results, according to the release.
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