Remote patient monitoring, also called homecare telehealth, is poised for significant growth over the next five years.
Here are four trends in remote patient monitoring from Wise Guy Reports.
1. The global remote patient monitoring market is expected to be worth $1.78 billion by 2020, growing at a compound annual growth rate of 10.6 percent.
2. The North America region currently holds the most market share for remote patient monitoring, but the Asia Pacific region is the fastest growing market segment.
3. Drivers supporting the growth of remote patient monitoring include the aging population, demand for home-based monitoring devices and a push to contain healthcare costs.
4. However, healthcare professional resistance, lack of reimbursement policies and strict regulatory frameworks challenge this market.
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