A report by Kalorama Information found that wireless patient monitoring devices are the fastest growing medical devices in revenue earned, according to a company news release.
The report, "Remote and Wireless Patient Monitoring Markets," found that revenues for these devices have doubled in the last four years and are expected to double again in the next four.
Kalorama attributes the devices' robust growth to several factors. One, aging populations are expected to increase cases of chronic obstructive pulmonary disease and diabetes, which require monitoring. Secondly, the devices have been successful in cutting costs. Lastly, the majority of the devices can link directly to an electronic medical record system, which may help providers meet meaningful use.
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The report, "Remote and Wireless Patient Monitoring Markets," found that revenues for these devices have doubled in the last four years and are expected to double again in the next four.
Kalorama attributes the devices' robust growth to several factors. One, aging populations are expected to increase cases of chronic obstructive pulmonary disease and diabetes, which require monitoring. Secondly, the devices have been successful in cutting costs. Lastly, the majority of the devices can link directly to an electronic medical record system, which may help providers meet meaningful use.
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